Cloud computing is expected to stimulate the creation of 12,000 new jobs in Singapore by 2015.
According to a new research report from IDC commissioned by Microsoft Singapore, IT spending is expected to grow by 16% over the next four years, however Singapore is expected to show a 30.6% growth in cloud-generated jobs. The growth figure is almost double that of overall growth rate of the total Singapore workforce over the next four years, which has been forecast to be of 12%.
“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. This increase in cloud usage In turn, this creates technology new job opportunities within the country,” said Microsoft Singapore’s COO John Fernandes.
Globally, cloud computing will create nearly 14 million new jobs globally by 2015 with revenues from cloud innovation reaching a possible US$1.1 trillion per year by 2015, the report forecasts. It also contends that governments can influence the number of jobs created by cloud computing within individual countries.
“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,” said IDC chief research officer and senior vice president John Gantz. ®