Platform-as-a-service (PaaS) is expected to grow moderately throughout the forecast period of 2019-24, with a CAGR of 10.2%. With cloud being a technology foundation for the deployment of a multitude of digital offerings and services, revenue for infrastructure-as-a-service (IaaS) is estimated to exceed the $1.2 billion mark by 2024, with a CAGR of 16.3% throughout the forecast period of 2019-24.
Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal as the Indian IT major seeks to become a “bolder and ambitious” company as well as rake in higher revenues from banking and financial services space. Announcing the deal on Thursday, Wipro said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector.
I had shared with you that you will see a bold Wipro, a more ambitious approach, one that will be more risk taking, one that will not be afraid to shake up the applecart to make tough calls to invest in deep tech. And to think big. This acquisition fits well into that strategy and will pave the path of building a bold tomorrow for Wipro.
Tech major IBM has launched a Cloud Satellite to give wings to its hybrid cloud strategy in India. The cloud satellite is a unifying layer of cloud services, available across locations, offering businesses control on critical data delivered via IBM Cloud, regardless of where the data resides, the company said. Clients can now deploy cloud services securely in a multi-cloud environment for both public and private cloud, on-premises, or at the edge. For instance, IBM Cloud Satellite will support satellite locations on Amazon Web Services, Azure and Google Cloud.
The pandemic-induced lockdowns resulted in a 70 times increase in the user base for Zoom in the four months to April 2020, the video conference app’s founder and Chief Executive Eric S Yuan said. He said the app, which enjoyed a runaway jump in valuations after the pandemic, will continue to be relevant for its users as the world switches to a hybrid mode of working, which entails dividing time between home and offices. Following the sudden imposition of the lockdown, video conferencing was the default connect with the world for all the people, and ensured that office work continued remotely and people stayed in touch with their dear ones.
As the contours of the post-COVID global economy sharpen, few would dispute the accelerating importance of software generally and of software as a service (SaaS) specifically. The average U.S. enterprise now uses more than 1,000 SaaS products, demonstrating with their buying power the effectiveness of this model. What fewer recognize is that Indian entrepreneurs are the global economy’s emerging SaaS powerhouse, building on longstanding leadership in IT services. India’s talent pool, local resources and market dynamics, and pay-it-forward attitudes are driving this trend toward longer-term dominance.
Over just the past five years, India has gone from a modest SaaS ecosystem to more than 1,000 SaaS startups, of which more than 150 have exceeded $1 million in revenues. The software reviews website G2 found that reviews and traffic for Indian SaaS companies jumped 350% in 2019 over the prior year, the fastest of any major region in the world. Funding for SaaS startups in India also more than doubled to exceed $1 billion last year for the first time. Although the $30 billion invested in the U.S. dwarfs this amount, the budding Indian SaaS ecosystem’s evident cost efficiencies and other advantages ensure that India matters.
On top of these advantages in the quality and cost of talent, Indian SaaS entrepreneurs see expanding benefits in their home market. While few Indian companies were active SaaS buyers previously, now India has become a huge greenfield consumption playground for software in general and SaaS in particular. The India SaaS market is estimated to be growing at a 36% CAGR (2018–2022) per the local industry association Nasscom, and this is boosting Indian SaaS providers as they can more efficiently learn and scale.
Amazon launched Amazon Academy, a service that will aim to help students in India prepare for entry into the nation’s prestigious engineering college. The American firm is the latest entrant to this market where scores of startups and institutes have launched digital offerings in recent years. All learning material and exam content has been developed by expert faculty from across the country, it said. In addition to the JEE, those preparing for BITSAT, VITEEE, SRMJEEE, and MET exams will also benefit from the quality content resources available. The content is currently available for free and will continue to be for the next few months, the statement added.
COVID-19 Pandemic Created a New Wave of Opportunities for Businesses to Digitize Processes & Manage Data – Kulmeet Bawa, President and Managing Director, SAP Indian Subcontinent
Despite posing businesses continuity challenges, the COVID-19 pandemic has also created a new wave of opportunities for businesses to digitize processes and manage data. It has unified us as we take this opportunity to deepen our engagement with our customers, be empathetic towards our stakeholders, take note of their challenges, and help them sail through. India continues to remain one of the fastest-growing economies. The rise of an Experience Economy in India is yet another big opportunity, thanks to a hyper-connected young population. Today, enterprises want us to help them innovate faster and become more agile to serve their end-customers better.
LOCAD is Southeast Asia’s 1st Cloud Logistics Network that Combines an Integrated Technology Platform with a Network of Warehouses & Logistics Partners
LOCAD is Southeast Asia’s first cloud logistics network that combines an integrated technology platform with a network of warehouses and logistics partners. An innovative solution to the emerging supply chain needs and demands of e-commerce and omni-channel distribution, Locad provides on-demand warehousing and multi-channel fulfillment. Offering fast, flexible and affordable services to simplify logistics and operations, Locad empowers entrepreneurs and brands to grow their online business, one package at a time.
SAP to invest INR 500 crore (€55 million) in India to localize and offer customers a multi-cloud choice
SAP announced it would invest INR 500 crore (€55 million) in India to localize and offer customers a multi-cloud choice. Underscoring its commitment to India, SAP will make available its multiple cloud solutions in India data centers. With one of the largest and most diverse business-to-business cloud portfolios, SAP India is a leading cloud company that is aggressively working toward addressing local customer demands. SAP further fortified its commitment to enterprises with the benefits of integrated cloud technologies to deliver the greatest flexibility and be data compliant under the upcoming Personal Data Protection Bill.
SAP intends to advance vision of Atmanirbhar Bharat by leveraging an agile & scalable cloud technology that is co-developed in India – Kulmeet Bawa, SAP India President & MD
Today, customers are seeking scalability, faster deployment, data compliancy and cost-effective solutions to enable innovation and achieve prompt business outcomes. SAP intends to advance the vision of Atmanirbhar Bharat [self-reliant India] by leveraging an agile and scalable cloud technology that is co-developed in India and now made available in local data centers to help Indian enterprises recalibrate their businesses to run better.
Our investment in India is toward accelerating Nation’s Digital agenda & our customers’ Transformation in Cloud – Scott Russell, President, SAP Asia Pacific Japan
SAP’s commitment to support India’s growth vision remains a top priority, and we are determined to achieve this with deeper collaboration with our customers, ecosystem and the government. Our investment in India is toward accelerating the nation’s digital agenda and our customers’ transformation in the cloud.
HCL Technologies and Claim Genius has signed a strategic agreement to jointly develop and market new AI claims management solutions
HCL Technologies and Claim Genius has signed a strategic agreement to jointly develop and market new AI claims management solutions. As part of this agreement, HCL will be providing Claim Genius’s real-time damage analysis technology for passenger vehicles to global insurance carriers. HCL is integrating Claim Genius’s platform with HCL’s core claims platform, which is widely used by carriers. Coupled with HCL’s comprehensive claims-management solutions, these new features will help clients drive new efficiencies into their claims workflow and accelerate the transformation towards a virtual and touchless claims future.
Google Cloud on Tuesday announced the elevation of Karan Bajwa as its new leader for Asia Pacific. He currently leads Google Cloud in India. Bajwa will lead all regional revenue and go-to-market operations for Google Cloud, including on Google Cloud Platform (GCP) and Google Workspace from January 5, 2021, a statement said. Bajwa continues to lead Google Cloud in India until a new senior leader for the business is appointed and will report to Rob Enslin, President of Sales, Google Cloud.
Businesses have Realized Importance of Investing in Cloud Services During Current Times – Srinivas Rao, Sr. Director, System Engineering, Dell Technologies India
The pandemic has put us all into an Innovative mode. Businesses which were earlier reluctant to try out new technologies and work arrangements, have now started to rethink their strategy to innovate. They have realized the importance of investing in cloud services during current times and have expedited their adoption process, which would have otherwise taken many years to accomplish. As we transition into a mode of recovery, we can expect a rise in the adoption of On-demand cloud services. Through this, organizations will be able to receive the benefits of cloud computing that will allow them to develop, manage and deliver applications while giving them control over their IT spending. We will also witness hybrid cloud computing taking the center stage and providing consistent operations and infrastructure across multiple cloud environments. To conclude, we expect businesses to venture out and combine the services of IoT, Big Data and cloud computing to help make their business processes simpler, improve the quality of their outcome and maintain business continuity.
Salesforce Cloud Partner Prime Technology Group Reportedly acquired Agile Software Developer Synerzip
Salesforce cloud partner Prime Technology Group, backed by private equity firm Frontenac, has acquired agile software developer Synerzip. Prime, founded in 2001, is headquartered in Wayne, Pennsylvania. Prime’s core product offerings include application development, data management, cloud services, and content management. It has additional operations in Detroit, Michigan and Hyderabad, India.
We are excited to combine the Prime family with the Synerzip family – Sudhakar Goverdhanam, Prime Technology Group Founder & CEO
We are excited to combine the Prime family with the Synerzip family, consistent with our strategy to add complementary software development capabilities which strengthen our vertical market domain expertise. We are excited to work with the Synerzip leadership team to continue to delight their clients and our clients with our combined strength.
In Bengaluru, restaurants that have managed to survive 2020 and — surprisingly — five-star hotels have taken to the cloud kitchen avatar spryly. Embassy Leisure, a venture that Seth is a part of, for instance, has opened four cloud kitchens in the past few months, namely, Mad Mex, Garam Masala, Hakka Chow and Bangalore Pizza Company. “We decided that since our guests couldn’t come to us, we could go to them… We also wanted to retain all our staff and this was the best way we could do so,” Seth says as reported in media.
Amazon Internet Services, the Indian unit of cloud computing provider Amazon Web Services, reported a 54% jump in revenue to Rs 4,216 crore in fiscal year 2020, regulatory filings sourced by business intelligence platform Tofler has revealed. The company, which is in the business of data processing, hosting and related activities, is the Indian subsidiary of the Amazon Group that resells and markets A WS Cloud services in India.
The last few years, particularly 2020, have seen an exponential growth of remote users and internet connected devices (IoT). Existing network access technologies require costly DIY builds and are unable to provide zero trust security, universal wireless reach, high-performance cloud access, and intelligence to these users and devices. Infiot’s Cloud Service Fabric provides a global business fabric to deliver consistent end user experience, zero trust security and distributed services across all remote users, sites, devices, and cloud.
With Eye on Banking, Finance, Telecom & Public Sector, Salesforce Rolls out its ‘Hyperforce’ Architecture in India
Cloud-based software provider Salesforce has rolled out its ‘Hyperforce’ architecture in India – a global first – which will allow organisations to run Salesforce solutions on public cloud in a secure manner. Adoption of this new architecture will also allow Salesforce to tap into sectors like banking and finance, telecom and public sector in India that have strict data compliance requirements.