RCOM targets Rs 400 cr revenue from cloud space in 2 years

Last Updated 23 January 2015, 13:31 IST

 Reliance Communications (RCOM) is looking at generating a revenue of Rs 400 crore from cloud- based and related services in the next couple of years, a senior company executive said today.

After tying up with firms like Hitachi, IBM, Polycon and Google during the last three months, the Anil Ambani-led company today announced a partnership with Panasonic for cloud -based video surveillance for enterprises in India.

"We have already tied up with firms like Hitachi for storage on cloud, IBM for cloud computing, Polycon for video conferencing and Google for ad word search engine during the past three months.

"Today, we tied up with Panasonic for cloud-based video surveillance for enterprises in the country. Thus, we are hopeful of making a revenue of up to Rs 400 crore in cloud space within the next two years," Reliance Communications CEO, India Enterprise, Deepak Khanna told reporters here.

"We are expecting to earn revenue of Rs 200 crore from cloud-based video surveillance alone during this period."

To begin with, RCOM is targeting sectors like BFSI (banking, financial services & insurance), retail, healthcare and education segments for the service, a one-stop-shop solution offering enterprises seamless surveillance for all their sites across the country.

"Initially, we will be targeting sectors like BFSI, retail, healthcare and education for cloud video surveillance service. Afterwards, we will move to tap manufacturing and other sectors," Khanna said.

Panasonic India Managing Director Manish Sharma said "the global market for cloud-based video surveillance was currently valued at USD 2.4 Billion and it was growing significantly."

Referring to a Frost & Sullivans report, he said at present there were merely 2,500 cloud video surveillance connections at various enterprises within the country, and this number is expected to go up to 25,000 by 2018.

(Published 23 January 2015, 13:31 IST)

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