Neocloud Providers Drive Local GPU-As-A-Service Growth

Neocloud providers specializing in GPU-as-a-service are expanding rapidly in India and globally, with players such as Yotta Data Services, NxtGen, NeevCloud, and E2E Networks gaining traction. The segment saw an 82% five-year revenue CAGR since 2021 per JLL, and CoreWeave raised $1.5 billion in its March IPO, underscoring investor interest. Local demand, sovereign-AI initiatives, and GPU scarcity drive adoption and hybrid deployment strategies.