VMware, a cloud computing company, is experiencing a surge in the adoption of its services by traditional physical businesses due to India’s rapid digitization. The business is also considering enhancing its network of regional partners.
President of VMware Sumit Dhawan told Business line that numerous traditional physical businesses are embracing digitization and making digital their key expertise. Traditional sectors like steel and manufacturing are now possible VMware target extensions.
Additionally, there is a higher level of participation in the early adopter industries like governments, banks, and telecommunications, where VMware already has a significant footprint.
Dhawan added that India “provides a hotbed for VMware” in terms of its partner ecosystem. The company’s leading system integrators and other significant strategic partners are situated in India and serve its international clientele.
In addition, it is also seeing increased interest in partnering locally. Pradeep Nair, Vice-President and MD India, said that since the conflict in Ukraine, there has been an increase in interest from public sector organizations, who claim that they must be able to deliver services to citizens despite any external limitations. Therefore, there is a lot of interest in collaborating with regional businesses that can use their technology to create settings that are similar.
Nearly all of its functions, from R&D and product development to back and front office operations, are pushed out of India because a sizable chunk of its workforce is based there, according to Dhawan. In the beginning of this year, VMware declared that it would spend about $2 billion in India over the following five years. As long as VMware keeps making investments in India, the business claims it will be completed considerably ahead of schedule.
Moreover, in terms of the effect of the probable slowdown in the economy and talks about tech spending cuts, Dhawan says although nobody is going to be immune to a significant slowdown, so far, the company has not seen any major impact.
“Even though there is uncertainty in the economy, technology spending, in general, is something that most businesses stay committed to as slowing down the spending would impact the future of businesses in a significant way,” Dawan opined.