Cloud Computing Expected to Create 12,000 New Jobs in Singapore
March 18, 2012 by Press Releases
Countering conventional wisdom, new commissioned research from IDC predicts the cloud will generate nearly 14 million new jobs worldwide by 2015.
Singapore — March 15, 2012 — Microsoft Singapore today shared insights from a commissioned research from analyst firm IDC indicating that cloud computing is expected to create over 12,000 new cloud-related jobs in Singapore by 2015. While IT spending is expected to grow by just 16% over the next four years, Singapore is expected to show a 30.6% growth in cloud-generated jobs. This compares to growth of the total Singapore workforce of 12%1 during the same four-year period.
Cloud computing is currently a key focus for Singaporean businesses looking to increasing IT’s agility to support business growth and lower capital costs. The research points to Singapore enterprises of all types and sizes accelerating the adoption of cloud infrastructure and services in the next few years.
“As a global business hub, Singapore is a strategic market for cloud adoption. Microsoft helps many multinational companies based in Singapore, that increasing look to the cloud solutions to grow and optimize their operations,” said John Fernandes, Chief Operating Officer, Microsoft Singapore. “This increase in cloud usage In turn, this creates technology new job opportunities within the country.”
The IDC research also shows that cloud computing will create nearly 14 million new jobs globally by 2015. IDC’s research predicts revenues from cloud innovation could reach $1.1 trillion per year by 2015, which, combined with cloud efficiencies, will drive significant organizational reinvestment and job growth.
“For most organizations, cloud computing should be a no-brainer, given its ability to increase IT innovation and flexibility, lower capital costs, and help generate revenues that are multiples of spending,” said John F. Gantz, chief research officer and senior vice president at IDC. “A common misperception is cloud computing is a job eliminator, but in truth it will be a job creator — a major one. And job growth will occur across continents and throughout organizations of all sizes because emerging markets, small cities and small businesses have the same access to cloud benefits as large enterprises or developed nations.”
The report also indicates specific industries will generate job growth at different rates, and that public cloud investments will drive faster job growth than private cloud investments. The report also notes governments can influence the number of jobs created by cloud computing within individual countries. More information, including the full report, is available at http://www.microsoft.com/presspass/features/2012/mar12/03-05CloudComputingJobs.mspx.
Microsoft is delivering a set of solutions to drive the cloud’s growing future. The company offers full public and private cloud solutions for consumers and organizations of all sizes. These enable customers to reap the benefits of cloud computing — from connecting and sharing for consumers, to lowering costs and realizing new technical or strategic opportunities for organizations. More information on Microsoft cloud solutions is available at http://www.microsoft.com/en-us/cloud/default.aspx?fbid=92ndoVValL4.
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
IN.FOM for Microsoft Singapore
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