A Microsoft commissioned Study, conducted by IDC, predicts that cloud computing is believed to 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% 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. Pointing to the strong linkage between cloud, innovation and entrepreneurship, the study estimates that revenues from cloud innovation could reach US$1.1 trillion per year by 2015. Combined with cloud efficiencies, this will drive significant organizational reinvestment and job growth.
The study also indicates that countries investing in the 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, and workforce size, among others.
"For most organizations, cloud computing is a no-brainer when considering it enables massive return on investment and flexibility," said John F. Gantz, Chief Research Officer & Sr. VP, IDC.
"A common misperception is cloud computing is a job eliminator, but in truth it will be a job creator – a major one. And job growth will occur across continents and throughout organizations of all sizes because emerging markets, small cities and small businesses have the same access to cloud benefits as large enterprises or developed nations."
Floris van Heist, General Manager, Business & Marketing, Microsoft Corporation India Pvt. Ltd., said, "Cloud computing poses a compelling opportunity for businesses and governments around the world. India is uniquely poised to leverage this opportunity with factors like an unparalleled ecosystem of developers, ISVs and SIs, no legacy IT systems and a high growth rate of economy contributing towards growth of cloud computing. Microsoft is playing a key role in the cloud space to help businesses realize their full potential and move governments closer to their vision."
