Zinnov reports on Public Cloud Market

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Zinnov has recently released a study to evaluate the Public Cloud opportunity in India, titled, "Public Cloud Opportunity in India". The released study, pegged that the overall Indian market for Cloud has grown steadily to reach USD860-912 million in CY11.  Of the total pie, the study highlighted that the Public Cloud market comprises of 20-22% of the share, while the remaining 78-80% is accounted by Private Cloud.  

The Public Cloud market has rapidly evolved in the last two years in India with significant traction across SaaS, PaaS and IaaS, added the study. The SaaS market has grown at a CAGR of 46% from USD56–67 million in CY09 until CY11. The study also highlighted that the PaaS and IaaS markets in India on the other hand are rapidly growing, though from a small base.  This segment has seen a growth of CAGR 84% from a market share of US$11-14 million in CY09. 

Praveen Bhadada, Director - Market Expansion, Zinnov Management Consulting, said, "Public Cloud market is expected to grow at 55% CAGR in the near future and will become a default choice for new IT investments, especially in the SMB segment. We will not be surprised if Cloud takes up more than 20% of the total Indian IT spend in the next couple of years. This would also mean that there will be a significant demand in the job market for Cloud Computing-related skills."

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