Pvt cloud mart to create 1 lakh jobs

Pvt cloud mart to create 1 lakh jobs

The number of jobs in private cloud market which is around 10,000 today will jump up significantly following increased preference of cloud adoption in the next five years in India, a study by EMC Corporation and Zinnov Management Consulting said.

The total cloud market in India,now at US$ 400 million, is expected to reach a market value of US$4.5 billion by 2015, of which private cloud adoption will dominate and account for US$3.5 billion in revenues, growing at over 60 per cent.

Cloud spend of IT is expected to grow from 1.4 per cent in 2010 to 8.2 per cent by 2015. IT/IES, Telecom, BFSI, Manufacturing verticals and government is expected to lead spends in this, as per the study tittled “Private Cloud Landscape in India”. Going forward, Indian IT services will be called on to provide private cloud to global enterprises. However, getting skilled manpower to address these huge opportunity is going to be a challenge.

According to the study, private cloud is expected to see an increased preference over public cloud over the next five years as the latter was being hindered by issues related to data security, latency, corporate governance and auditing and vendor lock in.

Deployment of private cloud is expected to deliver upto 50 per cent saving to Indian enterprises on IT investments on average compared with a legacy IT model, with cost optimisation in some of the areas.

Currently, IT/ITes contributes to 19 per cent of the total cloud market in India, followed by Telecom at 18, BFSI at 15 per cent, manufacturing at 14 per cent and government at 12 per cent.

 

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