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India has recently surpassed the UK and has become the fifth largest economy in the world. So, that clearly indicates the potential of the Indian economy and I strongly believe that cloud technology can contribute in terms of innovation, and innovation can drive and can add to the economy of India, says Karmendra Trivedi, Sales Director, Canonical India, the company behind Ubuntu. Canonical provides enterprise security, support and services for a wide range of open source technologies, covering every part of the stack from infrastructure to applications. . Indeed, India wants to be a $1 trillion digital economy by 2026, and cloud computing is critical to support and enable this growth. In a conversation with Miloni Bhatt, editor - digitalbroadcast, economictimes.com, Trivedi maps the direct and indirect impact of cloud technology on the Indian economy, reiterating that the National Association of Software and Service Companies (NASSCOM) predicted that by 2026 clouds contribution towards the gross domestic product (GDP) will be anywhere between $315 to $375 billion and will, directly and indirectly, create 14 million jobs. Decoding the Indian economys cloud map, Trivedi highlights four components that he believes would be impacted by cloud computing. If I talk about it in a nutshell, there are four things that are going to be impacted by the adoption of cloud technology, one is the GDP, second is employment, third is innovation and entrepreneurship and finally technology progress. Trivedi stresses that open-source technologies and cloud computing support Indias digital journey and will continue to do so as the technology keeps evolving. Inside the boundless world of cloud computingNo longer confined by physical infrastructure, computing now exists ubiquitously in a virtual reality brimming with untapped potential. Cloud computing is the linchpin of the digital revolution, where technology allows for the storage, precession and management of data across a network of servers around the world, rendering geographical boundaries and hardware limitations obsolete. The cloud offers unparalleled flexibility, scalability and cost efficiency. In this digital age, businesses must embrace cloud computing as an essential part of their operations. The agility and resilience offered by cloud technologies have not only emerged as beneficial but fundamental to the survival and success of any business. The scalability it offers enables businesses to easily adjust their computing power on demand, mitigating the risk of overprovisioning or under-utilising resources. It helps businesses save costs by turning capital expenses into operational ones. The tools and platforms that are provided to teams offer seamless communication promoting collaboration. Additionally, advanced artificial intelligence (AI), machine learning (ML), and analytics available on the cloud ensures higher business resilience.

Barriers in adopting cloud technologiesThere is an opportunity cost for the Indian economy in terms of it lagging behind in adopting cloud technology. Trivedi states that this gap will reduce Indias competitiveness and slow down its entire digital transformation journey. So, what are some of the barriers hindering the adoption of cloud? Trivedi outlines that the primary barrier to adoption is simply the lack of organisational understanding of the benefits of the cloud. It is crucial for organisations to enhance their knowledge and keep themselves aware of the innovations that are taking place in the tech space and how these advancements are driving growth.

Canonical India provides organisations with the long-term support they need, whether it is security-based or other enterprise-level support, effectively integrating with the cloud. Trivedi talks about how Ubuntu works in different scenarios of cloud computing, such as hybrid cloud, private cloud, in telecommunication, network functions virtualization (NFV), and more.

Ubuntu is secure by design, and Canonical ensures that any vulnerabilities that arise are resolved with speed and skill. Ubuntu offers automatic critical updates and committed security maintenance as part of its LTS model, which covers Ubuntu for 5 years from its release date.

Furthermore, Trivedi throws light on the spectrum of innovation and some of the innovative use cases of Ubuntu. For instance, Trivedi states that ChatGPTone of the hottest technologies right nowis nurtured on the cloud, and the underlying technology that they are using is from the open-source world, and Ubuntu is part of the journey.

Despite transitioning shifts in an ever-evolving ecosystem, India is one of the primary adopters of open-source technologies, even when compared to the mature markets, emphasises Trivedi, and the dynamic world of open-source technologies will likely continue to power the countrys next leap of digital transformation.

Watch the full interview.

By 2026 clouds contribution towards the gross domestic product (GDP) will be anywhere between $315 to $375 billion, directly and indirectly creating 14 million jobs in India. With Canonical India's offerings, including Ubuntu, providing essential support for Indias digital transformation, Karmendra Trivedi, Sales Director, Canonical India, emphasises the critical role of open-source technologies and cloud computing in powering India's dream of becoming a $1 trillion digital economy by 2026. Despite the challenges of adoption, Trivedi stresses cloud technology can fuel innovation, and innovation can drive Indias digital economy.

(This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@timesinternet.in)

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Open-source technologies and cloud computing will continue to power Indias digital economy, says Karmendr - Economic Times

Amazon is investing another $7.8B in Ohio-based cloud computing operations, state leaders say

COLUMBUS, Ohio (AP) Amazons profitable cloud business will invest roughly $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further advancing the states efforts to establish itself as the Midwests technology hub.

The new investments by Amazon Web Services, or AWS, were announced by Republican Gov. Mike DeWine and Lt. Gov. Jon Husted, who leads the governors technology office. The financial outlay further cements Ohio as the heart of our nations technology and innovation, the governor said in a statement.

AWS launched its first data centers in the region in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus. The administration said numerous locations are being considered as sites for the new data centers, in a selection to be announced later this year.

The cloud computing company is now responsible for the second largest private sector investment in the states history, behind only the $20 billion chip plant announced by Intel last year. Facebook and Google also operate Ohio data centers.

Also underway in the region are a $3.5 billion battery plant being built by Honda and LG Energy Solution of South Korea and a new $110 million Center for Software Innovation at Ohio State University. A chemical research clearinghouse headquartered in Columbus has long been a leader in big data storage and processing.

Once a reliable cash cow for Amazon, AWS has recently begun to feel pressure, as companies trim cloud computing expenses in the face of high inflation and fears of a recession. The tech giants first quarter earnings report showed its cloud unit generated $21.4 billion and was growing at 16% in the first three months of this year, down from the 37% growth rate a year earlier.

Still, Roger Wehner, economic development director for AWS, said the company has a long-term commitment to Ohio, having invested more than $6 billion in the state since 2015. He said Mondays investment will include new workforce development and educational programs that support the next generation of talent by emphasizing collaborative, long-term public and private partnerships across the state.

The new AWS data centers will contain computer servers, data storage drives, networking equipment and other technology infrastructure for cloud computing. As of last year, the existing operation employed roughly 1,000 people across the state. JP Nauseef, president and CEO of JobsOhio, the states privatized economic development office, said the newest investment will create 230 direct new jobs and an estimated 1,000 support jobs.

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Amazon is investing another $7.8B in Ohio-based cloud computing ... - Wilmington News Journal, OH

This market research study on Cloud Computing Market offers a thorough assessment and improvement of important producers, rivals, international suppliers, and risks. Additionally, this paper makes an aggressive appraisal of current innovations, technology, and future scope. It also looks at dangers and obstacles to access.

The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries.

Key Players[Google, Adobe Inc., Workday, Inc., Alibaba Group Holding Ltd., SAP SE, Amazon Inc., Salesforce Inc., International Business Machines Corporation (IBM), Oracle Corporation, Microsoft Corporation, Databricks, Uptake Technologies Inc., Vlocity Inc., DigitalOcean, Inc., Box, Inc., Okta, Inc., Penguin Computing, Sabalcore Computing, Univa Corporation

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Report Ocean, revealed that the global cloud computing market was worth USD 390 billion in the year 2021 and it is projected to grow at a CAGR of around 11%, earning revenues of around USD 852 billion by the end of 2028.The global cloud computing market is flourishing at a high rate owing to the increasing adoption of advanced technologies including AI, IoT, machine learning, big data, etc., to improve business efficiency. Increasing number of small and medium-sized enterprises significantly investing towards cloud computing adoption to keep up with changing market scenario is anticipated to drive the market growth during the forecast period. However, a lack of sufficient human resources equipped with cybersecurity skills may act as a huge restraint for the cloud computing market.

Rising Adoption of Cloud Computing in SMEs is Offering Lucrative Growth Opportunities to the Market

Cloud computing is gaining significant traction among small and medium enterprises. The SMEs are utilizing cloud computing to expand their business along with keeping the cost low and boosting the overall productivity. Furthermore, cloud computing is also helpful in offering advanced data security, reduced downtime, flexible storage, better CRM management, etc. Cloud computing also proves to be cost efficient for SMEs as they only pay according to their size and financial capability. This is anticipated to drive the growth of the cloud computing market in the forecast period.

Surging Demand for Cloud Computing in BFSI Sector is Driving Market Growth

Based on verticals, the global cloud computing market is segmented into banking, financial services, and insurance, telecommunications, IT and ITES, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, others. The banking, financial services, and insurance (BFSI) sector hold the largest market share owing to the increasing adoption of cloud services for offering financial services such as money transfer, real-time transaction details, digital wallets, etc. The manufacturing sector is also growing at a high rate owing to the adoption of advanced technologies such as AI and IoT to boost operational efficiency.

Cloud Computing Market By Deployment Model

Based on the deployment model, the global cloud computing market is segmented into public cloud, private cloud, and hybrid. The private cloud segment accounts for the largest market share as it is predominantly used by large organizations. This deployment model offers maximum data protection compared to its counterparts, which acts as a major driving factor for this segment. The hybrid deployment is anticipated to register the highest growth rate during the forecast period due to the growing adoption among both SMEs and large organizations alike.

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Cloud Computing Market Regional Insights

Geographically, the cloud computing market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the cloud computing market. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period. The emergence of various multinational as well as cloud services startups such as Alibaba, Tata Consultancy, etc., acts as a major driving factor for its market growth. Furthermore, increasing penetration of established players such as Microsoft, Google, AWS, etc., in emerging economies due to expanding growth potential is anticipated to provide lucrative growth opportunities to the cloud computing market in the Asia-Pacific region.

Market Segment:

Impact of COVID-19 on Cloud Computing Market

The cloud computing market significantly proliferated after the COVID-19 pandemic outbreak. The rapid shift towards work from home (WFH) culture, increasing demand for online payment platforms and tremendous surge in the internet traffic significantly boosted the growth of the cloud computing market. Furthermore, the rising demand for entertainment and media platforms such as YouTube, Twitch, Hulu, Amazon Prime, etc., during the quarantine period and post the lockdown upliftment also proved to be favorable for the market growth.

Competitive Landscape

The leading market players of the cloud computing market are Google, Adobe Inc., Workday, Inc., Alibaba Group Holding Ltd., SAP SE, Amazon Inc., Salesforce Inc., International Business Machines Corporation (IBM), Oracle Corporation, Microsoft Corporation, Databricks, Uptake Technologies Inc., Vlocity Inc., DigitalOcean, Inc., Box, Inc., Okta, Inc., Penguin Computing, Sabalcore Computing, Univa Corporation, and other prominent players.

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By Service Model(Infrastructure As A Service (Iaas), Platform As A Service (Paas), Software As A Service (Saas))

By Deployment Model (Public Cloud, Private Cloud, Hybrid)

By Organization Size(Small And Medium-Sized Enterprises, Large Enterprises)

By Vertical (Banking, Financial Services, And Insurance, Telecommunications, It And Ites, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare And Life Sciences, Others)

By Region(North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

The market is highly consolidated and dominated by multinational corporations such as Google Inc. and Amazon. The companies constantly launch new cloud offerings to expand their product portfolio and increase their product penetration. They also customize their offerings according to the size and needs of the organizations. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Dont miss the business opportunity of the cloud computing market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the cloud computing market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the cloud computing market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Cloud Computing Market Data and Acquisition Research Study with ... - Taiwan News