On his recent visit to New Delhi, Microsoft CEO Steve Ballmer said cloud computing would generate 300,000 jobs in India. Adding weight to his estimate, technology research firm IDC has now projected that revenues from cloud services in India will grow to over $3 billion by 2015 from the $534 million expected this year.
During the same period, the global revenues from cloud services will grow from $29 billion to over $70 billion, it said, projecting revenues from cloud computing in India to grow at a compounded annual growth rate (CAGR) of 56% to hit $3.164 billion by 2015.
Industry players say the bulk of this revenue will come from small and medium businesses. India’s leading IT and consultancy firms have launched several products aimed at cashing in on the cloud wave.
“SMEs and the individual user will drive cloud growth in the coming years,” said Vikas Gupta, vice president, technology at Tech Mahindra. “Large enterprises still have security concerns with cloud computing.”
Infosys has launched Finacle Lite for rural and semi-urban banks. Tata Consultancy Services (TCS) has “iON” exclusively for SMEs. TCS expects to make iON a $1 billion business in five years. Infosys did not disclose cloud revenue projections, but Vishnu Bhat, its vice president (systems integration and cloud), said, “We see cloud computing and its offerings as a big growth engine.”
All firms are investing in infrastructure and data warehouses to support their cloud services. “Wipro’s services ride on a strong R&D backbone consisting of 20 cloud centres,” said Kan. HCL, on the other hand, without disclosing the sum said it continues to direct its investments around building cloud architectures, business and service models. Infosys has cloud environments set-up in the US, Australia and India.