Wipro Plans to Buy Appirio Cloud Services

India: Wipro Limited a Bangalore based company, with an aim to expand its cloud services portfolio, has shown interest in acquiring Appirio. Moreover, the partnership between the two organizations is expected to leverage their transformational synergies and help the enterprise to develop new business models.

Furthermore, Wipro will amalgamate its already existing cloud application practices of CRM software and HR software of Workday with Appirio. In addition, the deal brings in TopCoder, a crowdsourcing company to assimilate over millions of designers, developers, and data scientists along with potential customers at one place. However, the deal is expected to close by the end of this year.

TechSci Research depicts that with the rising demand for ease of deployment of the different services and technology in an enterprise has led to an inclination towards the different cloud services. This in turn helps to cut down the costs. Thus, the widespread use of the different cloud services has showcased an upsurge.

According to the recent report published by TechSci Research, “India Cloud Computing Market Forecast and Opportunities,2020” the market for cloud computing services in India is projected to grow at a CAGR of over 22% during 2015-2020. Increased government spending on National Optical Fibre Network (NOFN) and various e-governance portals, coupled with growing acceptance of cloud services in SME segment is expected to drive the market for cloud computing. SaaS is set to top the charts as the largest cloud service segment, occupying over 40% share in the market by 2020. However, cloud services are likely to face stiff challenges pertaining to data security, vendor lock-in period and less availability of quality IT hardware infrastructure in semi-urban regions across the country.