Job Forecast: Cloud Computing to Create 2 Million Jobs in India by 2015
New research from IDC estimates cloud computing will result in over two million jobs in India by 2015. The study, commissioned by Microsoft, predicts that cloud will generate nearly 14 million new jobs worldwide in the same period.
“A common misperception is cloud computing is a job eliminator, but in truth it will be a job creator, a major one,” IDC Chief Research Officer and Senior Vice President John F Gantz said. The study found India, the global hub for information technology, to be “uniquely poised” to reap the benefits of cloud in the coming years.
Cloud is quickly emerging as a staple across companies for facilitated sharing of resources, software and data. India, with its unparalleled supply of IT workers, could be at the forefront of providing and managing cloud services for customers.
The study also estimates revenues from cloud innovation to reach $1.1 trillion per year over the next three years. Currently, 75 percent of IT spending is allocated toward maintenance of legacy systems and routine upgrades. But the cloud system would help technology companies significantly bring down cost, thus freeing up more funds to invest in job growth and innovation.
But India isn’t the leading country to benefit from the future of cloud. An infographic with the study’s overall findings depicts global competitor China as gaining up to 4.6 million jobs by 2015.
Among the factors used to determine the number of jobs that might be created in a particular country were projected level of spending on IT, degree of automation and workforce size. More than 50 percent of jobs created would be in small and medium businesses.
Download the full IDC study here.
Sabrina Siddiqui is the editor-in-chief of Divanee.com.