Indian IT majors(Companies) are competing with each other for a part in cloud computing market for producing a great deal of profit. The total cloud market in India, currently at US$ 400 million will grow ten fold, to reach a market value of US$ 4.5 billion by 2015. Of this private cloud adoption will dominate and account for $3.5 billion in revenues, growing at over 60%. The study also estimates that the segment will create 1 lakh jobs by 2015 from 10,000 today.
Here are some insights on Indian Cloud Computing market:-
1. $4.5 billion Estimated size of the total cloud market in India by 2015
2. $3.5 billion Private cloud’s share in total revenues.
3. 100,100 number of jobs that will be created by private cloud services. At present there are only 10,000 jobs in cloud computing sector.
4. 60% The growth rate of the Indian cloud market.
5. $54.7 billion Estimated spending in IT by 2015. India’s total IT spend stood at $28.8 billion in 2010.
6. $4.5billion The amount enterprises are expected to spend in cloud services by 2015.
Table: Cloud Spending Contribution in Total IT Investments
| Year |
2010 |
2011E |
2012E |
2013E |
2014E |
2015E |
| Total IT Spend (US$ Bn)` |
28.8 |
33.5 |
39.0 |
44.4 |
49.8 |
54.7 |
| Total Public Cloud Spend (US$ Bn) |
0.1 |
0.1 |
0.2 |
0.4 |
0.6 |
0.9 |
| Total Private Cloud Spend (US$ Bn) |
0.3 |
0.5 |
0.9 |
1.5 |
2.3 |
3.6 |
| Total Cloud Spend (US$ Bn) |
0.4 |
0.7 |
1.1 |
1.9 |
2.9 |
4.5 |
| Cloud Spend as %age of Total IT Spend |
1.4% |
2.0% |
2.9% |
4.2% |
5.8% |
8.2% |
The study also estimates that private cloud deployments could result in potential savings of up to 50% on the IT investments on average, when compared with a legacy IT model, with cost optimization in segments like telecom and networking, facilities and fabric, hardware, software, internal labour and external IT services.
The study was commissioned by EMC and executed by Zinnov Management Consulting.
