Multi-cloud drives financial growth of Indian enterprises

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Bangalore: Multi-cloud drives financial growth of Indian enterprises with a positive impact, revealed a new global study from Vanson Bourne in collaboration with VMware. 71% of Indian enterprises surveyed believe that multi-cloud is absolutely critical to the success of a business, according to the report.

The global study covering regions in Asia Pacific identifies the top challenges for organisations in the midst of cloud chaos. In contrast, cloud-smart organisations reveal what they’re doing differently as they capture strategic advantages.

On the India front, the study elaborated on the challenges and opportunities that Indian enterprises face as a part of their digital transformation journey and their strategic approach to multi-cloud adoption.

71% of Indian enterprises believe that multi-cloud architectures are absolutely critical to business success, particularly those organisations that are in advanced stages of their cloud journey, revealed the study. However, most enterprises surveyed in India do raise concerns about data sovereignty.

The study interviewed around 2,000 professionals during April, May, and June 2022 across the Asia Pacific market. The majority of APJ respondents (90%) say that their organisation uses apps that were built to run across multiple public clouds. However, 83% of Indian respondents have had apps built to run across multiple public clouds for more than a year.

There are seven key findings from the report that highlight the multi-cloud journey of Indian enterprises.

• Apps built to run across multiple public clouds: 83% of Indian respondents are most likely to have had apps built to run across multiple public clouds for over a year

• Financial impacts: 98% and 100% of those surveyed across India report positive impacts of multi-cloud in terms of revenue and profitability growth, respectively

• Data monetisation as a source of revenue: 66% of respondents from India believe that data monetization will be a “significant” source of revenue in 2 years time

• Data Sovereignty: 60% of Indian respondents show significant concern over data sovereignty

• Managing and securing data: Although a concern, 90% of Indian organisations generally find it easy to manage and 85% of Indian organisations find it easy to secure data in whichever nation it resides

• Impact on business success: A large majority of respondents (71%) believe that multi-cloud architectures are absolutely critical to business success.

• Cost visibility: 94% of Indian respondents report that improvements are required for visibility over operational expenses

As per the report, it is expected that by 2027, businesses all over the world will on average rely on more than two public cloud vendors. Currently, only 19% of surveyed businesses worldwide identify as “cloud smart.” The complexity of multi-cloud, security issues and a lack of internal experience in multi-cloud deployment and administration are major obstacles for businesses.

While multi-cloud brings with it many advantages, there are also several challenges associated with it. The complexity of multi-cloud, security risks and a lack of in-house expertise in multi-cloud deployment and management are some of the key challenges enterprises are facing due to increased cybersecurity risks. Along with this, organisations will face challenges related to skills gaps.

“The study confirms that multi-cloud is already a reality for Indian enterprises and is critical to driving greater profitability and revenue growth. However, concerns around data sovereignty, cost and security remain, according to Pradeep Nair, VP and MD of VMware India.

Nair said VMware is uniquely positioned to help enterprises become cloud-smart – move faster and spend less – as they harness the power of multi-cloud.
Pippa Thirkettle, Senior Research Manager, Vanson Bourne, said, “The results of this research piece are fascinating and really highlight the need for organisations to best utilize their multi-cloud operations in order to get the best out of their business.”

“With just 19% of those surveyed globally falling within the most advanced cloud smart maturity group, it goes to show how much ample opportunity there is for others to improve,” added Thirkettle.

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