Public Cloud Computing To Reach Rs 2,434 Crore By 2014

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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