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January 16, 2012

Indian Cloud Computing To Reach $16 billion by 2020


Cloud computing in India could reach $16 billion by 2020 - 12/28/2011

Cloud computing has been growing across the world, and India is no exception. Silicon India said the cloud market in the country could be worth as much as $16 billion by 2020, with the global cloud market growing at a 33 percent rate per year to about $680 billion by 2020.

A study by NASSCOM and Deloitte called Deconstructing the CLOUD: The New Growth Frontier for Indian IT BPO Sector, brought the statistics to light earlier this year. The report was talked about at the NASSCOM Infrastructure Management Service Summit, and NASSCOM president Som Mittal said the cloud was reshaping India's IT market and generating new opportunities.