The domestic cloud computing market is expected to touch $ 1.08 billion by 2015 from $ 110 million currently, research firm Zinnov said.
Cloud computing refers to a pay-per-use model of computing where applications and software are accessed over the Internet and not owned by users. IT companies can save huge costs on these products as they would not have to invest in purchasing them, resulting in reduced IT costs.
Sectors like banking and financial services, telecom, manufacturing and government would drive cloud adoption.
The global cloud computing market is expected to grow to $ 70 billion by 2015 from $ 20 billion now. The adoption of cloud computing is being led by the small and medium businesses.
Source: Economic Times
Full article: http://economictimes.indiatimes.com/articleshow/6075815.cms?prtpage=1
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