Global software and cloud specialist, Oracle, has revealed its tremendous expectation of a ten time growth by 2020 in India. Yes, you got that right! Oracle expects ten times growth! One of the top executives said that India is a huge market for the numerous cloud services offered by Oracle.
Why does Oracle expects ten times growth?
The reason behind this is crystal clear. India is currently in a developing stage. Digitaliation of almost everything is already in full pace. Many new start-ups are popping up everyday. All these start-ups want to make use of every resource at their dispense to make it big. This is where Oracle comes into the picture. So, a ten times growth is not off the table. It is very much achievable.
Safra Catz, Global CEO of Oracle said at Oracle OpenWorld (OOW) 2016, “Cloud will be an enormous market opportunity for us in India. My expectation is to become 10 times the size we are now in India by 2020. Actually for us, it is the single largest growth potential country.”
Plans for India
Catz visited India earlier in April. She gave her word on a $400 million investment in the technology hub – Bengaluru. She also announced the first Oracle Startup Cloud Accelerator in the metropolitan.
Also, she said that she will open nine software and technological centres across the country along with an initiative to train 500,000 Indian students every year.
She further added that Oracle has been present in India from more than 25 years and during this time, their investments have kept growing. As a matter of fact, India has their second highest employee base after the US. They have roughly 40,000 current employees with around 2000 new job openings in India.
The nine planned incubation centres will help in entrepreneurship and developing the innovative start-ups with the necessary software, tools as well as training to the new software and technology companies which will be making use of the Oracle and Java platforms.
These new centres will be strategically located in the following areas: –
- Bengaluru
- Gurgaon
- Chennai
- Hyderabad
- Noida
- Mumbai
- Pune
- Noida
- Trivandrum
- Vijayawada