Indian SMB Market for Cloud to cross Rs.40 Billion in 2016
It seems that, with easy availability and advancement of Cloud services in India, the adoption of Cloud services among Indian SMBs continues to grow rapidly. According o a recent report generated by Parallels, the Indian SMB market for the cloud services is expected to grow 35 per cent year-over-year for the next three years. Presently, it is estimated at Rs.17 billion (US$339 million).
Further, it is speculated to reach Rs.42 billion (US$839 million) by the beginning of 2016.
The study also revealed that the web presence market in India is also an area of growth, which is increasing by nearly 45 per cent in the past year, reaching a current market size of Rs.2.7 billion (US$55 million). Parallels further expect that the growth in web presence and web applications will remain high over the next several years. According to the estimate, there would be at least 36-per cent growth year-over-year, reaching Rs.6.8 billion (US$137 million) in 2016.
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