HP sees $1.3-b cloud market by 2017

Our Bureau Updated - November 24, 2017 at 11:59 AM.

Cloud drive V Ramachandran (left) of HP India, and LSS Reddy of KL University, at a press conference inHyderabad on Monday. PV SIVAKUMAR

HP sees opportunities in SMEs, education, manufacturing and distribution sectors for its cloud solutions as the market for cloud service in India is projected to grow to $1.3 billion by 2017.

“Analysts have put the current market size for cloud services in India at $600 million. This is growing at a compounded annual growth rate of 33 per cent,” Ramachandran V, Country Manager (Converged Infrastructure and Cloud Solutions – Cloud systems) of Hewlett-Packard India, said.

Govt data centres

“The appetite from SMEs is quite huge as their complete computing requirements could be handled over the cloud. Besides, telecom companies, education, manufacturing and distribution sectors are consuming cloud services,” he said.

The Government too is driving cloud consumption as they populate State data centres to host data of governments and its departments.

He, however, said break-up on market shares of different cloud services providers was not ready yet. “Analysts are working on that and hopefully the break-up would come out in 2015,” he said.

The company has deployed its Converged Cloud solutions in Vijayawada-based KL University that promises to improve research capabilities by increasing IT availability and efficiency in utilisation of IT infrastructure. It would offer certification programmes.

Published on April 7, 2014 16:59