Indian IT firms open up to cloud, seek to ramp up spending next year

Cloud spend is seen as the key growth driver in 2020 as large traditional enterprises like Pentagon give out multi-billion dollar contracts

Indian IT services companies are building up dedicated divisions for providing cloud-related services to clients as larger enterprises are slowly preparing to move part of their operations to cloud. Analysts are of the opinion that many big enterprises, which are reluctant to move to cloud owing to security concerns, have started to adopt hybrid cloud (combination of public and private cloud).

Even global research firm Gartner has predicted that total spend on IT services is likely to grow by 5.5 per cent to touch $1.08 trillion in 2020, which will be mostly driven by companies' cloud-related spending. It also predicted