Digitisation and explosion of data would help emerging technologies such as cloud computing and big data gain a faster foothold in the country.
“I can, without any hesitation, say that cloud is a massive, massive wave happening in India. Sensing the opportunity, a lot of corporates are moving over to the cloud,” Jaideep Mehta, Vice-President and Country Manager at research and advisory firm International Data Corporation (IDC), told Business Line .
In fact, consumers were using cloud-based services such as Gmail and Hotmail for quite sometime. Across the world about 1.8 zetabytes of information was generated and consumed in 2011. This is expected to grow to 35 zetabytes by 2020, Mehta said.
A byte is a unit of digital information in computing and telecommunications that most commonly consists of eight bits. A zetabyte is a trillion gigabytes or a billion terabytes.
Over the decade (2010-20), digital information in India will grow from 40,000 petabytes to 2.3 million petabytes, which is twice as fast as the global rate, according to a study by IDC.
The Indian cloud market was estimated to be $535 million in 2011, and it grew by about 70 per cent in 2012. IDC forecasts Indian cloud to grow by another 50 per cent annually through 2015.
BIG DATA
According IDC, the big data solutions market in India is expected to double to $153.1 million by 2014 from $80 million in 2012.
“Big data and cloud are almost synchronous. One will drive the other. Our belief is that big data graph will inflate. However, big data market would be construed because of lack of data scientists, especially people who can play at the intersection of business and technology,” Mehta added.
The global estimated shortfall for data scientists (including India) by 2019 would be about 1.90 lakh, Mehta said, quoting an independent study.
BRAZIL AHOY!
Separately, for Indian outsourcing companies Brazil is the new emerging destination.
“We have been fielding a lot of enquiries for Brazil from major Indian IT companies. The language issues aside, this has been a rapidly emerging market,” Mehta said.
The enquiries were from both top and mid-size IT companies, he added.