MarketBite

Domestic cloud computing market to touch USD 16 bn: Study

Posted on: November 11, 2011


  • The Indian cloud computing market opportunity is expected to reach $ 16 billion by 2020, a study said here today.

 

  • The global cloud computing market was projected to grow at 33 per cent compounded annual growth rate and reach $ 680 billion by 2020 while the domestic market opportunity might touch $ 16 billion in the same period.

 

  • About two-third of this would be ‘new-business’ and the rest would come from existing service lines, said the study titled, ‘Deconstructing the CLOUD: The New Growth Frontier for Indian IT-BPO Sector’, brought out by NASSCOM in association with Deloitte

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