Cloud Revenue to Double in 2-3 Years: SAP

Enterprise resource planning software company SAP expects half of its income from cloud solutions in India and worldwide over the next two to three years. Its older clients are now shifting to the cloud, said SAP India’s Vice President (Digital Core) Subramanian Ananthapadmanabhan.

He said India’s cloud business grew in the high double digits, with no sharing of particular figures. The general cloud solutions industry in India has risen over the past five years to 300 percent.

SAP’s worldwide cloud revenue rose by 40 percent to reach 1.69 billion euros in its latest quarterly outcomes.

India is one of SAP’s fastest-growing geographies. The company has 10,200 customers across the enterprise, SME and new age segments across the country, with the SME segment accounting for nearly 80%.

In 2019, India’s income from public cloud services is likely to achieve $2.4 billion, a 24.3 percent increase over last year, Gartner said. “The change from’cloud-first’ to ‘cloud-only’ model is pushing organisations to boost expenditure on public cloud facilities to promote their digital company projects,” Gartner’s research vice president Sid Nag said. While India’s share of worldwide income is just over 1 percent, it is the world’s third fastest-growing industry.

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