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Home Business News Cloud computing to create over 2 million jobs in India

Cloud computing to create over 2 million jobs in India

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A new research by IDC predicts 15 per cent of total jobs created by cloud across the world will be generated in India.

 

 

A Microsoft commissioned study, conducted by IDC, predicts that cloud computing will generate over 2 million jobs in India by 2015. The findings predict that cloud will generate nearly 14 million new jobs worldwide in the same time. More than 50 per cent of these jobs will be generated in the small and medium businesses. Further, more than two million jobs each will be generated in the 'communications and media' and manufacturing sectors, followed by banking at over 1.4 million.

IDC estimates that in 2011 alone, IT cloud services helped businesses around the world generate more than US$600 billion in revenue and 1.5 million new jobs.

The study also indicates that countries investing in key cloud infrastructure will experience greater job growth. The factors determining the number of jobs that might be created in a particular country include projected level of spending on IT, degree of automation, workforce size amongst others.

Cloud computing is a way of storing and sharing data on the Internet. It allows users to share photos, music, documents, etc, on the Internet instead of a local computer.

 

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