The study on the name - Private Cloud Landscape in India - was conducted by Zinnov Management Consulting and global IT firm EMC Corporation. The revelations of the study say, "Of the projected $4.5-billion total cloud computing market in India by 2015, private cloud will account for $3.5 billion, generate about 100,000 additional jobs and save about 50 percent of cost of IT operations for Indian enterprises."
Zinnov chief executive Pari Natrajan, while detailing about the findings of the study, said, "There will be an increased preference of cloud adoption over the next five years in India. The total cloud market, which was about $400 million in 2010, is expected to growth by a whopping 60 per cent annually with private cloud dominating the landscape."
"Cloud computing will reshape the Indian IT market by generating new opportunities for vendors and driving changes in traditional IT offerings," added Natrajan.
What is Cloud Computing?
Using multiple server computers via single digital network is called Cloud computing. Often, the services available are considered part of cloud computing.
Cloud computing is emerging as the next big IT service for its pay-as-you-go model, which eliminates capital intensive investment by companies, especially small and medium enterprises (SMEs) in setting up IT infrastructure.