by July 22, 2011 0 comments

According to the study, there is an increased preference of cloud adoption over the next five years in India. The total cloud market in India, currently at US$ 400 million will reach a market value of US$ 4.5 billion by 2015; of which private cloud adoption will dominate and account for US$ 3.5 billion in revenues, growing at over 60 percent.

The study also brings to attention that while private cloud market will create 1 lac jobs by 2015 from 10,000 today — an opportunity for students and the workforce — companies today are under-skilled in addressing cloud computing implementations in India. It recommends companies to invest in competency building internally to take advantage of cloud computing technologies.

According to the study, the cloud computing market growth is attributed to the increased maturity of Indian enterprises towards cloud computing and the CEO/ CIO mandate for an enterprise-wide cloud strategy. It adds that with the overall environment of cloud adoption fast evolving in India, cloud computing will account for a significant share in the total IT spend of the small, medium and large enterprises. The total cloud spend as a percentage of the total IT spend as such is expected to rise from 1.4% in 2010 to 8.2% in 2015.

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