According to a study by Zinnov Management Consulting Pvt. Ltd., the total market of cloud computing in India stands at $110 million today and is expected to reach a figure of about $1,084 million by 2015.
The study, titled ‘Cloud Computing in India: Opportunities and Way Forward’, also highlighted that in the cloud computing market in India, Software-as-a-Service (SaaS) has witnessed the most rapid uptake until now. As components of the overall cloud market, SaaS in India is likely to reach a mark of $650 million by 2015, while Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) markets cumulatively would touch $434 million each by then.