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Symantec Predicts Strong Growth for Indian Cloud

Symantec continues to be a strong supporter of the Indian cloud. The software solutions company is confident the country’s cloud-computing market will experience substantial growth within the next year. A new report by IDC says the Indian cloud market is likely to reach the $3 billion mark by the year 2015, up from the current levels of $534 million.

Despite the cloud’s current beginning stage status in India, Symantec says the country is likely to see increasing revenue from cloud computing, with the potential to see a large market created as in other countries. With India following the same cloud adoption trends as international markets, the company predicts it will see similar success.

“Indian enterprises are discussing virtualization and private/hybrid clouds,” Symantec Vice President Information Management Group Vijay Mhaskar told Indian reporters. “While agility and affordability are the main drivers, having fewer legacy systems is helping this transition.”

A recent Symantec survey of 3,700 companies across the globe, 200 of which were from India, found that 57 percent of these Indian companies were implementing server virtualization, compared to 45 percent of companies deploying server virtualization on the global scale. The same survey found 73 percent aim to virtualize their database applications within a year.

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