By As digital transformation accelerates, IT services companies in India are making significant investments in cloud technologies. Wipro, one of India’s leading IT firms, has committed to investing $1 billion in its Wipro FullStride Cloud Services over the next few years. This reflects a broader industry trend, as the cloud continues to play a central role in business transformations across various sectors.
The importance of the cloud as a transformative tool is not limited to Wipro. Major players like Infosys and TCS are also emphasizing its potential. In its recent quarterly call, Infosys highlighted how its Cobalt platform has gained significant traction, with more clients adopting cloud-based solutions.
TCS CEO Rajesh Gopinathan also discussed the company’s strong performance, noting an increase in deals and a promising pipeline. He credited TCS’s partnerships with hyper-scalers like AWS, Azure, and Google Cloud, alongside their industry-specific solutions and domain expertise, as key factors driving success. TCS recently developed a cloud-based field service automation solution to enhance capabilities in areas such as intelligent scheduling, dispatching, and mobile workforce management, further demonstrating the company’s cloud innovation.
According to Mrinal Rai, principal analyst at ISG, the cloud-as-a-service market grew by 27% in the first half of 2022, with infrastructure-as-a-service (IaaS) experiencing 30% growth. This segment generated an annual contract value of $22.1 billion, while software-as-a-service (SaaS) grew by 20%, with a value of $7.8 billion. Rai predicts continued growth in this area, driven by increased adoption of cloud platforms such as Azure, AWS, and Google Cloud. As businesses shift to cloud-based setups, Indian IT services companies like Wipro, TCS, and Infosys are expected to benefit from this ongoing trend.
Google’s parent company, Alphabet, also reported strong growth in its cloud business, with Google Cloud surpassing $6 billion in quarterly revenue for the first time. This marks a 36% increase from the previous year, highlighting the expanding demand for cloud services across the globe.
As the cloud continues to grow in importance for businesses worldwide, Indian IT services companies are positioning themselves as key players in this space. With ongoing investments and strategic partnerships, these firms are well-positioned to capitalize on the rapid rise of cloud computing and digital transformation.