Cloud products seeing massive adoption in India, says IT firm Oracle

MUMBAI: IT firm Oracle today said it is witnessing massive adoption of cloud services across industries like IT/ITeS, telecom, banking and automobile industry in the country.

Cloud computing facilitates sharing of technological resources, software and digital information. It operates on a pay-per-use model, helping companies cut costs as they do not have to invest heavily in infrastructure.

"Cloud services are transforming the way businesses function and people are no more just talking about cloud, they are deploying it. We are seeing massive adoption of cloud across industries in India," Oracle India Managing Director Sandeep Mathur told reporters here.

These include IT/IT-enabled services, travel, automobile, media, real estate, telecom, banking, financial services and insurance, manufacturing, retail, e-commerce, pharma and life sciences, he added.

Oracle offers customer experience management, sales and marketing, human capital management, talent management, financial management, procurement, project management and governance, risk and compliance solutions on the cloud.

The company said its cloud service is used every day by more than 25 million users and more than 10,000 organisations.

Oracle, however, did not comment on India-specific numbers. Its customers include Flipkart, TataSky, MakeMyTrip, Centaur Pharmaceuticals, Helpage India, Mahindra Logistics, WNS and Wipro.

According to research firm Zinnov, cloud computing market in India is expected to reach USD 1.08 billion by 2015 from USD 110 million in 2010.