Chief Information Officers (CIOs) believe that their IT budgets will surely grow next year leveraging on cloud and they have already started evaluating it. A recent study by Zinnov Management Consulting, titled “Cloud Opportunities in India – A CIOs Perspective”, highlights aspects like the various cloud opportunities existing in India and how the market is poised to grow in years to come. The report added that the total Cloud investment accounts to 5 % of the total IT investments in India by 2015.

The study reveals that over 60 % of CIOs surveyed believe that their IT budgets will surely grow next year and agreed that the cloud service would help accelerate the adoption as well as help standardize different workloads. Pari Natarajan, chief executive officer, Zinnov Management Consulting Pvt. Ltd. The next wave of transformation in the Indian IT industry is 'Cloud Computing'. This is indeed a perfect storm. The only difference is that, this storm is destructive only to companies who are not willing to change, while it is a huge opportunity for others. The study also reveals the domestic IT spend in India has been growing at a significant pace and is dominated by BFSI, telecom, Government, manufacturing and energy verticals. Praveen Bhadada, manager-consulting, Zinnov Management Consulting Pvt. Ltd said, “ The good news is that, CIOs have started looking towards Cloud computing as a means to reduce the increasing IT budgets. Public cloud alone holds a potential of USD 1 billion by 2015, a rapid 10 fold growth in five years.”