Zinnov Highlights Opportunities in Cloud Computing Market in India

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Zinnov Management Consulting Pvt. Ltd has launched its study on the Indian Cloud Computing market, titled ‘Cloud Computing in India.

Zinnov Management Consulting Pvt. Ltd has launched its study on the Indian Cloud Computing market, titled Cloud Computing in India: Opportunities & Way Forward. According to the study the total market of cloud computing in India stands at USD 110 million presently and is expected to reach a figure of about USD 1,084 million by 2015.

The study highlights that in the cloud computing market in India, Software-as-a-Service has witnessed the most rapid uptake until now. Software-as-a-service (SaaS) in India is likely to reach a mark of USD 650 million by 2015, while Platform-as-a-service (PaaS) and Infrastructure-as-a-service (IaaS) markets cumulatively would touch USD 434 million each by then, claimed the study.

The study also reveals that there are several multinational and Indian companies entering the cloud space and trying to drive business relevance of its solutions for the Indian customers. Divulging details on the SaaS market, the report said that t

he domestic market for SaaS is estimated to be about USD 66 million and is currently dominated by Collaborative Applications, CRM, ERP & Email workloads.

Speaking about the study, Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. Ltd, said, The next wave of transformation in the Indian IT industry is Cloud Computing. This is indeed a perfect storm. The only difference is that, this storm is destructive only to companies who are not willing to change, while it is a huge opportunity for others.

Cloud computing has allowed the smaller ISVs access to customers that they could have never had through the use of market places. This has allowed smaller ISVs to be based on cloud platforms (such as Azure, App Engine etc) and make themselves available to global customers, thereby, significantly reducing their cost of sales. On the other hand, this has also increased the flexibility for end customers and increased the choice of products an