Data cloud company Snowflake has announced that it marked one year of operations and growth in India today. Having established its Indian office in early 2020, Snowflake has been encouraged by the explosive growth in Data Cloud adoption despite the disruption caused by the pandemic in the country.
“When planning for the business in India, we were confident of the growth opportunities, as the country was experiencing strong cloud adoption, driven by a rapidly expanding digital retail, commerce, and financial services sectors. India is essential to the success of our global growth strategy, and we will be increasing our focus and investment in the market. Our business revolves around our customers’ needs and expectations, therefore, we are deeply committed to building our team in India to support our customers every step of the way,” explains Jon Robertson, Snowflake, President Asia Pacific Japan.
Despite the onset of the pandemic, for many fast-growing companies in key growth sectors including e-commerce, online platforms, education, healthcare, and edtech, cloud platforms have become the default. This has been driving data growth in India. It is estimated by Gartner that public cloud spending in India is expected to grow in excess of 20% in 2021 from 12% in 20201. This growth is fuelled by the rapidly developing cloud, data centre infrastructure, and native internet applications market in India.
“As data residency and data sovereignty are increasing demands from many India organizations, we initiated a local deployment by launching Snowflake on AWS in Mumbai exactly a year ago for the purposes of sharing data securely and enabling our customers to ensure data never left Indian shores,” said Vimal Venkatram, Snowflake’s Country Manager for India.
Snowflake launched its platform on Amazon Web Services (AWS) in India and, within a year, its unique cloud-built architecture provided near-unlimited scale, concurrency, and performance to numerous established names in the country. Snowflake credits its India success story to the confidence and support from its customers that chose to go on this journey with the company as their preferred Data Cloud.
As the events of 2020 unfolded, the pace of digitalisation in India moved up another gear which triggered rapid adoption of cloud solutions and data analytics. According to IDC, the cloud market in India is expected to skyrocket in the next couple of years with its public cloud services market projected to scale $7.4 billion by 2024.
Snowflake’s entry into India provided businesses with a safe and reliable data consolidation and sharing platform, enabled with near-real time insights for quick data-driven decision-making. In line with its strategic goals, Snowflake’s plan for India is primarily focused on engaging companies in the fast growth digital sectors.
Snowflake is optimistic that India’s acceleration towards cloud adoption will see increased demand for its Data Cloud solutions as the company aims to replicate its success in the world’s second most populous nation.
“In the midst of our growth and success, we take a moment to pay our tribute and respect to all those who have been affected deeply by this pandemic and to the brave and courageous front liners,” concluded Vimal Venkatram.