MUMBAI: The growth of Oracle’s cloud business (Oracle Cloud Infrastructure OCI) in India is clocking a rate almost double that of its global growth. The cloud consumption for OCI grew 125% in India in the first half of fiscal year 2023, compared to the corresponding half year last fiscal, a company executive said on Wednesday.
“India is on a leapfrog trajectory with respect to the cloud. We are now seeing the core systems move to the cloud here as opposed to just the fringe moving to the cloud,” Chris Chelliah, senior vice president, technology & customer strategy, Japan & Asia Pacific, Oracle, told TOI on the sidelines of the Oracle Cloud Summit here.
Serving verticals ranging from payments infrastructure of banks, to utility management systems to systems of major telcos in India, Oracle says cloud is now mainstream here. Tata Motors, for instance, has moved its entire dealer management systems on to Oracle’s cloud infrastructure. “There are more widescale and long-term partnership on the cards with large public sector names,” Chelliah added.
India is also leading in the adoption of the multi-cloud trend. Multi-cloud refers to companies going for multicloud deployment from more than one cloud provider. As per results of a survey by OCI and 451 Research released on Wednesday, 98% of enterprises surveyed in India are using or plan to use at least two cloud infrastructure providers and 33% are using four or more. Data sovereignty and cost optimization emerged as top drivers for Indian enterprises to deploy multi-cloud strategies.
Oracle today has 41 data centers (what it calls ‘cloud regions’) globally including two in India in Mumbai and Hyderabad. Chelliah says this is expected to touch 50 by the end of the calendar year. “In 2019, we just had one globally, and today we have 41 and that shows the pace of growth,” he added. Oracle employs 45,000 professionals across business, support and development in India, and globally, the tech giant is over 120,000 people. “We develop, run and support [products] here,” Chelliah said.