According to market intelligence and advisory firm CyberMedia Research, the public cloud computing market in India is estimated to touch Rs 2,434 crore by 2014 after growing at a CAGR of 53% between 2010-2014.
The overall Indian software as service market is expected to touch Rs 465 crore by end 2011, a growth of 50 per cent over 2010.
India Cloud Computing Market Review 2011 by CyberMedia Research, a survey of ‘users’ and ‘non-users’ of cloud computing, showed that penetration amongst Indian enterprises was 4% in 2010. This is expected to rise to 6.8% for all large and mid-size enterprises in the country by 2012.
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