Cloud Computing to create 2 mn jobs in India; 14 mn globally:Microsoft-IDC study
06 Mar 2012
Cloud computing could generate about 2 million jobs in India over the next three years as most companies look at migrating to cloud as a way to free up existing resources and work on more innovative projects, says a new study.
According to the study conducted by Microsoft Corp. and International Data Corp. (IDC), the revenues from cloud could reach $1.1 trillion a year by 2015 from $400 billion in 2011.
The study also said that cloud will generate some 14 million new jobs worldwide by 2015.
The highest percentage of new jobs will be created in emerging markets, according to the study, especially China and India, which together are expected to produce nearly 6.8 million cloud-enabled jobs between 2011 and 2015.
This can partly be attributed to the size of their workforces, and partly to the fact that many Chinese and Indian companies aren't bound by large legacy system investments, the study said.
The study also indicates specific industries will generate job growth at different rates, and that public cloud investments will drive faster job growth than private cloud investments. The report also notes that governments can influence the number of jobs created by cloud computing within individual countries.