New Delhi : The Indian cloud computing market, which was estimated at USD 535 million in 2011, is likely to grow by more than 70 per cent in the current year, according to research firm IDC.
"IDC estimates the Indian cloud market to be in the region of USD 535 million in 2011, with a growth of more than 70 per cent expected for 2012 and almost 50 per cent growth forecast for the next 3 years," IDC said in its India Cloud Market Overview, 2011-2016.
Cloud computing refers to pay-per-use model of computing where applications and softwares are accessed over the Internet and not owned by users. Companies can save huge costs on these products as they would not have to invest in purchasing them, resulting in reduced IT costs.
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