Public Cloud Market in India has rapidly evolved in last 2 years and stands at … – Virtual
(1888PressRelease) Public Cloud comprises of 20-22% of the total cloud computing market in India. The Public Cloud Market demonstrates potential to reach USD 685 Mn by CY14. Indian Software-as-a-Service (SaaS) market stands at USD 120-143 Mn, potential to reach USD 410 Mn by CY14.
New Delhi: Zinnov, a leading market expansion and globalization advisory firm, today released a first-of-its-kind study to evaluate the Public Cloud opportunity in India, titled, “Public Cloud Opportunity in India”. The released study, pegged that the overall Indian market for Cloud (both Public Private) has grown steadily to reach ~USD 860 – 912 Mn in CY11. Of the total pie, the study highlighted that the Public Cloud market comprises of 20- 22% of the share, while the remaining 78-80% is accounted by Private Cloud.
The Public Cloud market has rapidly evolved in the last 2 years in India with significant traction across SaaS, PaaS IaaS, added the study. With the current market of USD 160-192 Million in CY11, Public Cloud in India is at a very nascent state of the market and may not have hit the inflection point yet, indicating significant future potential.
SaaS market in India is largely dominated by email, collaboration tools, CRM/ ERP and currently stands at 123-143 USD Million for CY11. The SaaS market has grown at
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