Oracle hosted its second global event series CloudWorld in Delhi on Wednesday where senior company executives showcased Oracle Cloud to an enthusiastic response from customers, partners and developers.
Upbeat on the multi-billion dollar cloud opportunity in India, Oracle is focussing on sectors like government, BFSI, healthcare and telecom to deliver more personalised, connected and secure solutions.
“India is an important market for Oracle and the growth of our cloud business here has been unprecedented,” said Sandeep Mathur, Managing Director, Oracle India. “Cloud adoption has gone mainstream. We are already one of the leading cloud software companies in the world, and will be investing heavily in building this business in India.”
According to research firm Gartner, India is expected to spend around $3.9 billion on cloud services from 2013 through 2017, of which $1.7 billion will be spent on software-as-a-service (SaaS). Of this, the public cloud services market in India is forecast to grow 33.6 percent in 2013 to touch $404 million from $303 million in 2012. According to Forbes, two-thirds of Indian CIO’s are expecting the majority of their information technologies to run on the cloud by 2015.
“When cloud was known to be relevant only among SMBs, we have seen a drastic propensity among large enterprises (100 year old companies) adopting this new modern form of computing. We will focus on healthcare, telecom, banking and financial services, manufacturing and government sectors,” Oracle India MD Sandeep Mathur told PTI.
Earlier, addressing the audience through a live webcast, Mark Hurd, President, Oracle Corporation re-inforced the company’s global cloud strategy which is to “offer choice and flexibility to customers with the most comprehensive, modern, and secure portfolio of cloud products and services.”