Zinnov Finds Cloud Market to Hit $1 Billion by 2012

The total market of cloud computing in India stands at USD 110 million today and is expected to reach a figure of about USD 1,084 million by 2015, according to a study by Zinnov Management Consulting.
 
The study highlighted that in the cloud computing market in India, Software-as-a-Service has witnessed the most rapid uptake until now. As components of the overall cloud market, Software-as-a-service (SaaS) in India is likely to reach a mark of USD 650 million by 2015, while Platform-as-a-service (PaaS) and Infrastructure-as-a-service (IaaS) markets cumulatively would touch USD 434 million each by then.
 
Speaking about the study, Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. Ltd, said, "The next wave of transformation in the Indian IT industry is 'Cloud Computing'. This is indeed a perfect storm. The only difference is that, this storm is destructive only to companies who are not willing to change, while it is a huge opportunity for others."
 
Speaking about the India market opportunity, Praveen Bhadada, Engagement, Zinnov Management Consulting said, "Indian customers are ideal for cloud offerings. Indian SMBs in specific, lack budgets, want business improvement, lack management bandwidth required to manage internal IT and are looking for rapid growth in the next few years. For all of this put together, 'Cloud Computing' is indeed the answer".