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Cloud computing to create 20 lakh jobs in India

Posted: 06 Mar 2012     Print Version  Bookmark and Share

Keywords:cloud computing  jobs  study 

According to a study by IDC and commissioned by Microsoft, cloud computing is expected to generate 20 lakh jobs in India by 2015. These jobs, according to the study, will be generated in the manufacturing and 'communications and media' sectors, followed by banking at over 14 lakh.

Out of the 20 lakh jobs, more than 50 per cent of it will be generated in the small and medium businesses.

Revenues from cloud innovation are estimated to reach 1.10 lakh crore ($1.1 trillion) per year by 2015. "Combined with cloud efficiencies, this will drive significant organisational reinvestment and job growth," the study stated.

Commenting on the study, Floris van Heist, general manager, business & marketing, Microsoft Corporation India Pvt Ltd, 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. Microsoft is playing a key role in the cloud space to help businesses realise their full potential and move governments closer to their vision."

According to IDC estimates, in 2011 IT cloud services helped businesses around the world generate more than Rs.29.70 lakh crore ($600 billion) in revenue and 15 lakh new jobs. Further, the spending on public cloud IT services in 2011 stood at Rs.1.39 lakh crore ($28 billion), while the total spending on IT products and services was Rs.84.16 lakh crore ($1.7 trillion).

The study also pointed out that countries investing in key cloud infrastructure will experience greater job growth.

The factors determining the number of jobs that might be created in a particular country include projected level of spending on IT, degree of automation, workforce size amongst others.

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