Indian Cloud computing market to touch $4.5 billion by 2015 Date:   Wednesday , September 07, 2011 The current $400 million cloud market in India is expected to touch $ 4.5 billion by 2015, stated a study released by EMC and Zinnov Management Consulting. According to the study, titled ‘Private Cloud Landscape in India’, private cloud adoption will dominate and account for $ 3.5 billion in revenues, growing at over 60 percent. Based on a comprehensive survey of over 100 CIOs and IT decision makers in India across industry verticals there is an increased preference of cloud adoption over the next five years in India. The study estimates that private cloud deployments could result in potential savings of up to 50 percent on the IT investments on average, when compared with a legacy IT model, with cost optimization in areas such as telecom and networking, facilities and fabric, hardware, software, internal labor and external IT services. Cloud computing will reshape the Indian IT market by generating 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 do not have major investments in datacenters and server farms will directly move into the cloud model. "There are ample opportunities in every industry. Be it retail, manufacturing, banking, education or government," says Pari Natarajan, CEO, Zinnov Management Consulting. The total cloud spend as a percentage of the total IT spend as such is expected to rise from 1.4 percent in 2010 to 8.2 percent in 2015. As per the study IT/ITeS, Telecom, BFSI, Manufacturing and Government sectors will contribute to 78 percent of the total cloud market in India. Also private cloud market is expected to create one lakh jobs by 2015 from 10,000 today but companies today are underskilled in addressing cloud computing implementations in India. It recommends companies to invest in competency building internally to take advantage of cloud computing technologies. The study estimates that the skilling and re-skilling market in India will grow fast as cloud computing becomes critical to IT strategies. "In India - for cloud computing to deliver its promise, customers need human resources with cloud computing competencies, both as vendors or as internal resources," says Manoj Chugh, President, EMC India & SAARC.