A study commissioned by Microsoft and conducted by International Data Corporation, IDC, predicts that Cloud computing will generate some 14 million new jobs worldwide by 2015, and in India alone it will create over 2 million. The study points out to a strong linkage between cloud, innovation and entrepreneurship, and states that most companies look at migration to cloud computing as a way to free up existing resources and work on more innovative projects. In effect, freeing up budget allows organizations to shift some of their legacy work to the cloud and invest such freed budget in IT innovation that supports business innovation and in turn create new jobs.
The Microsoft-IDC study estimates that the revenues from cloud innovation could reach as high as $1.1 trillion a year by 2015 from $400 billion in 2011, where some $28 billion was spent worldwide on public cloud IT services (as compared to over $1.7 trillion of spending on total IT products and services industry) creating 1.5 million jobs.
The study predicts over two million jobs each to be generated in the communications and media and manufacturing sectors, followed by banking at over 1.4 million. Though there is no such break-up available for the Indian market, however the footprint is expected to be more or less similar to global markets.
Source:The Economic Times