News Buzz

Public cloud deployment to reach $8 bn by 2023

India’s public cloud deployments are projected to grow to become a US$ 8 billion industry in 2023, according to a combined report by Google Cloud and Boston Consulting Group (BCG). The report also states that the business efficiencies and growth resulting from public cloud deployments have the potential to create up to 240,000 jobs and impact another 743,000 jobs through second order effects from 2019 to 2023. Out of the 240,000 direct jobs, around 157,000 will be accounted by digital and technology-related roles such as data scientists, product managers, engineering, design, user experience and infrastructure management jobs with cloud service providers, IT service providers and across industry verticals. Another 83,000 direct roles will pertain to core business areas (marketing, finance, operations etc.) across industry verticals, the study said. Digital native businesses and media and entertainment companies are the biggest drivers of public cloud adoption in India. Retail and consumer goods players are also ramping up on deployments in the domain.