Private cloud to create 1 lakh jobs in India

 EMC Corporation and Zinnov Management  Consulting, in a study on private cloud  landscape in India estimated that the total  cloud market in India, currently at $400  million, will reach a market value of $ 4.5  billion by 2015.

Of this private cloud adoption will dominate  and account for $3.5 billion in revenues,  growing at over 60%. The study also estimates  that the segment will create 1 lakh jobs by

2015 from 10,000 today

The study was commissioned by EMC and executed by Zinnov Management Consulting. Its findings are based on a comprehensive survey of over 100 CIOs & IT decision makers in India across industry verticals conducted during January 2011 to May 2011.

With the overall environment of cloud adoption fast evolving in India, cloud computing will account for a significant share in the total IT spend of enterprises.

Total cloud spend as a percentage of the total IT spend is expected to rise from 1.4% in 2010 to 8.2% in 2015. IT/ITeS, telecom, BFSI, manufacturing and government sectors will contribute largest to the cloud market in India, with nearly 78% of the total market.

The study also estimates that private cloud deployments could result in potential savings of up to 50% on the IT investments on average, when compared with a legacy IT model, with cost optimization in segments like telecom and networking, facilities and fabric, hardware, software, internal labour and external IT services.

Pari Natarajan, chief executive officer at Zinnov Management Consulting said: “Cloud computing will generate new opportunities for IT vendors and driving changes in traditional IT offerings. There is a high chance that companies that are not adopting IT today and don’t have major investments in datacenters and server farms will directly move into the cloud model.”