When compared to the same period in the previous year, the Indian market for Oracle Cloud Infrastructure (OCI) grew at a rate of 125% during the first half of 2022–23. This news was shared by Chris Chelliah, who is the Senior Vice President of Technology and Customer Strategy for Japan and Asia Pacific.
Demand for Personalized Services
Chelliah attributed the rise in demand for OCI’s services to the demand for personalized services, noting that the company had also experienced a surge in growth in the government sector, with initiatives like NITI Aayog, PM Gati Shakti, and ONDC adopting the technology. He mentioned how this need had led to an increase in consumption at the company across many different industries.
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Strong Demand for AI-Based Solutions
Chelliah talked about how AI-based solutions are in high demand in OCI’s services, especially in the supply chain solutions industry. He also mentioned that the company had seen significant growth in cloud consumption solutions, with up to 125% year-on-year growth in the first half of 2022–2023 alone. He stated that the company had observed growth opportunities in the Indian SMB market, which included mid-tier and digital native businesses like cooperative banks, EdTech’s, and FinTech’s.
Increasing Demand from the Public Sector
Chelliah said that OCI was getting more requests from both the public sector and small and medium-sized businesses. He also noted that the trend was evident in the rising number of mid-sized clients. From tier-2 and tier-3 cities (SMB). He stated that recent digitization efforts had been the driving force behind the public sector’s fivefold growth.
OCI’s Strong Presence in India
OCI has two “cloud regions” or data centers in India out of its 41 global cloud regions. He also mentioned that the company had seen many customers shut down their on-premise or physical data centers and move crucial applications and workloads onto OCI. Examples of these companies include IFFCO and Manappuram Finance. Many customers who wanted to scale up from on-premises to the cloud hyperscale environment. Converted to OCI customers thanks to this company’s presence in both cloud application services and physical infrastructure.
Working with Partners and System Integrators
Chelliah stressed that partners are an essential component of OCI’s go-to-market strategy. She also mentioned that the company had experienced rapid growth in its customer base. With nearly 70% of Oracle’s customers in India signing long-term contracts with them. OCI’s growth in the Indian market is a testament to the company’s strong presence in the nation. As well as the rising demand for customized services and AI-based solutions across various industries. He also mentioned that the company works very closely with its partners and system integrators, driving growth for each other. OCI is well-positioned to continue its growth trajectory in India and beyond thanks to its focus on the public sector and SMB market, as well as its strong partnerships with system integrators.