India public cloud to cross $1bn in 2016: Zinnov

India’s public cloud market is likely to cross the $1 billion mark in 2016 and will see a growth of over 34 per cent compounded annual growth rate to become a $3.9-4 billion market by 2020, said a study.

The study titled, “Indian Public Cloud Market Landscape”, by Zinnov, a management consulting firm, said India continues to be a prominent market for cloud technology adoption. With multiple growth drivers like investments in local data centres, maturing channel partner ecosystem, and rapidly growing developer ecosystem, cloud spending will continue to dominate the market landscape and cross the $10 billion mark by 2020, including both public & private cloud spending.

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