Cloud Computing To Create Over 2 Million Jobs By 2015 In India


5 Aug 2011
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A Microsoft commissioned study, conducted by IDC, has predicted that cloud computing will generate over 2 million jobs in India by 2015.

The findings predict that the cloud will generate nearly 14 million new jobs worldwide in the same time. More than 50 percent of these jobs will be generated for the SMB. Further, more than four million jobs will be generated in the communications and media, and manufacturing sectors, followed by banking at over 1.4 million.

Pointing to the strong linkage between cloud, innovation and entrepreneurship, the study estimates that revenues from cloud innovation could reach $1.1 trillion per year by 2015.

IDC estimates that in 2011 alone, IT cloud services helped businesses around the world generate more than $600 billion in revenue and 1.5 million new jobs. Further, the spending on public cloud IT services in 2011 stood at $28 billion, while the total spending on IT products and services was $1.7 trillion.

“For most organizations, cloud computing is a no-brainer when considering it enables massive return on investment and flexibility,” said John F Gantz, Chief Research Officer and Senior Vice President, IDC. “A common misperception is cloud computing is a job eliminator, but in truth it will be a job creator. And job growth will occur across continents and throughout organizations of all sizes because emerging markets, small cities and small businesses have the same access to cloud benefits as large enterprises or developed nations.”

While sharing the findings of the study, Floris van Heist, General Manager, Business & Marketing, Microsoft India, said, “Cloud computing poses a compelling opportunity for businesses and governments around the world. India is uniquely poised to leverage this opportunity with factors like an unparalleled ecosystem of developers, ISVs and SIs, no legacy IT systems and a high growth rate of economy contributing towards growth of cloud computing.”

Source : crn
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