`Cloud` Will be Growth Driver in Developing Economies

Cloud computing has now become the fastest growing segment of the information communication technology (ICT) sector. The growth in global cloud computing traffic is forecast to increase twelve-fold between 2010 – 2015 (to $180b). Although most of this growth will take place in mature Western economies, there are also signs of positive trends unfolding in the developing world. In recent years, the developing economies have received considerable attention from global cloud computing players. For instance, IBM has established cloud computing centres in China, India, Vietnam and Brazil. Other cloud players such as Microsoft, VMware, Salesforce and Parallels have also been active in developing countries. Similarly, developing world cloud-based firms such as India’s CRL and AdventNet have jumped on the cloud bandwagon. Cloud related venture capital (VC) and other investments are also flowing into developing economies.