Many large companies are shying away the emerging technologies such as cloud computing in order to cut the costs. An efficient way of consuming, delivering, and managing technology is termed as cloud computing. On a demand basis, it includes the sharing of applications, software and other IT resources by companies.
Electricity and water are supplied by the public utility companies to the consumers and then they are charged for the used quantities. Similarly, the services are offered by the service providers. Software, infrastructure, and platform as service are the categories of the offerings in the cloud environment. A huge potential for cloud computing is represented by the small-to-medium-sized businesses. According to a report made by Zinnov, it was estimated that by 2011 the Indian market for cloud alone would be worth $260 million.
A report from IDC estimated that there would be a rise in public cloud services amounting for about $55 billion by 2014 over traditional IT spending. It was found that there were about 3.5 million SMEs in India among which many of the firms are involved in accelerating the growth of cloud computing technology.