The Indian cloud market is now worth about $110 million annually, but a new survey says that could grow by almost 10 times as much to over $1 billion by 2013. Wow; that’s a lot of cloud cash!
The study, called Cloud Computing in India: Opportunities & Way Forward, by Zinnov Management Consulting, says that the Indian cloud computing market, SaaS has seen the most rapid growth until now, and is likely to reach $650 million in sales by 2015, while PaaS and IaaS markets together will reach $434 million each by then.
“This is indeed a perfect storm,” said Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting, in an article I read in The Times of India. “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.”
Collaborative Applications, CRM, ERP & Email workloads are the dominant apps in Indian cloud computing, according to the article.
I’ve always thought that the emerging economies of the world are the future goldmines of cloud computing, especially as opportunities for further growth in mature markets like the U.S. and Europe scale down a bit. And I believe that someday, homegrown companies in India will provide real competition to today’s mostly Western cloud services providers. Hear that Google?
I know that in my business, as Monitis grows globally and establishes new monitoring stations around the world, our international customer list expands accordingly. I guess my point here is that we in the IT industry often get caught up in our very Western-centric thinking about the cloud, that it’s mostly a trend in developed countries. But nothing could be further from the truth. The cloud, by its very nature, is borderless, and businesses and customers can be found everywhere — in Bombay, Beijing, Berlin and Boston.