India to top Asia-Pacific growth rate for order bookings: VMware
Dell Technologies-owned cloud computing platform VMware Inc. sees India as one of its fastest-growing markets, topping its Asia-Pacific growth rate of 15% for order bookings, Press Trust of India reported.
“We are talking about a journey of 5 to 10 years. There is a big growth opportunity in India,” said Rajiv Ramaswami, chief operating officer (COO), products and cloud services at VMware, in the report.
The COO said that India presented a big growth opportunity as the country was only 30 to 40% virtualised compared with 80% virtualisation in the US.
He added that several of VMware’s Indian customers, such as Bharti Airtel and State Bank of India (SBI), with their own cloud infrastructure are deploying the business software firm’s technology to ramp up operations.
“There are some which are fairly advanced and very modern. BookMyShow is a customer of ours that I would say is very modern but it is in a minority. Some public sector firms are hardly even virtualised. They are looking to build modern infrastructure,” Ramaswami was quoted as saying. He also underlined that enterprises were still warming up to the idea of switching to public cloud models.
Another top official said that the company saw its biggest opportunity with the Indian government.
“Among verticals, the biggest opportunity I see is the government. If we see the next three years, the government will clearly stand out as the largest spender and also because of scale. We continue to see the financial services sector to be a close second,” VMware India managing director Arun Kumar Parameswaran was quoted as saying.