According to Zinnov Management Consulting, the public cloud computing market in India is expected to grow to $685 million by 2014. In 2011, this space was estimated to be between $160-192 million.
In the study, ?Public Cloud Opportunity in India?, the company estimates public cloud computing in India to grow at a 55 per cent compounded annual growth rate. The study says that the public cloud computing in the country would become the default choice for new information technology investments, especially in the small and medium business segment.
According to the study, in India, though public cloud computing is in a nascent stage and has not reached the inflection point, it still indicates significant future potential.
The study expects public cloud computing in India to account for 20 per cent of the total Indian IT spend in the next few years resulting in significant demand in the job market for cloud computing-related skills.
