50% of Indian SMEs Prioritise Cloud for Business Expansion in FY2024

Cloud Adoption Among Indian SMEs: The Survey Data

A Cybermedia Research study found that 50% of Indian SMEs are actively leveraging cloud technology for business expansion in FY2024, with 52% favouring public cloud for scalability and affordability.

Key Findings

• 40% of SMEs cited enhanced security compliance as their primary cloud adoption driver
• 52% prefer public cloud; 31% use hybrid cloud models
• Manufacturing and pharma are among the fastest-growing cloud verticals

The 40% compliance driver figure is significant. Indian pharma and manufacturing companies facing GMP, 21 CFR Part 11, and the DPDP Act are finding that major cloud providers' built-in compliance frameworks reduce the cost and complexity of regulatory documentation. AstraCMITS can help map your specific compliance requirements to the right cloud architecture.