‘Cloud Computing’ has been touted as the next wave of transformation in the Indian IT industry. According to IT research firm IDC, the Indian public cloud computing market was estimated to be USD 66.7 million in 2009. IDC has predicted the market to grow at a CAGR of 40 percent by 2014. Unlike the Americas and EMEA (Europe, the Middle East and Africa), India and the APAC have ample untapped potential for cloud computing at every level; be it enterprise, public sector or ITES. Although Indian businesses are gradually adopting cloud computing, it's still is in a nascent stage and hasn’t received much awareness.
However, in the wake of the global economic slowdown; cloud computing has gained wide interest. The most attractive feature of this new technology is the prospect of converting large, upfront capital investments in IT infrastructure into smaller, manageable ‘pay-per-use´ annual payments. According to India-based research firm, Zinnov; the Indian cloud computing market is going to experience a tenfold growth by 2015. According to the firm, the current cloud computing market is USD 110 million today with; approximately USD 66 million in the SaaS market dominated by applications such as collaboration apps, CRM and ERP. The remaining USD 44 million is shared by the PaaS (Platform-as-a-Service) and IaaS (Infrastructure-as-a-Service). By 2015, the cloud computing market in India is expected to reach USD 1 billion with SaaS capturing USD 650 million while PaaS and IaaS cumulatively get around USD 440 million.
However, in the wake of the global economic slowdown; cloud computing has gained wide interest. The most attractive feature of this new technology is the prospect of converting large, upfront capital investments in IT infrastructure into smaller, manageable ‘pay-per-use´ annual payments. According to India-based research firm, Zinnov; the Indian cloud computing market is going to experience a tenfold growth by 2015. According to the firm, the current cloud computing market is USD 110 million today with; approximately USD 66 million in the SaaS market dominated by applications such as collaboration apps, CRM and ERP. The remaining USD 44 million is shared by the PaaS (Platform-as-a-Service) and IaaS (Infrastructure-as-a-Service). By 2015, the cloud computing market in India is expected to reach USD 1 billion with SaaS capturing USD 650 million while PaaS and IaaS cumulatively get around USD 440 million.
The study claims that this growth will be driven by the rapid increase in data such as text and media moving online. Some numbers shared in the study are quite interesting, it is expected that information stored online will reach a staggering 2.3 million petabytes. The main sectors which would utilise cloud computing extensively include: the banking and financial sector; the telecommunications sector and the manufacturing sector.
The country’s top IT firms such as; Infosys, TCS, Wipro and Tech Mahindra have announced cloud projects to their names. The competition is fierce as the market is nascent and big international names like Microsoft, IBM have dedicated resources as well. Support from the government to get basic infrastructure (cheaper and faster Internet) in place will go a long way in ensuring India’s IT prominence.
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