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Cloud computing by Salesforce customers will add $66.4bn to Indian economy by 2026

Fiinews by Fiinews
November 1, 2021
in Investment, Technology
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Cloud services set to grow by 22% over five years

The use of cloud computing by Salesforce customers will add a net US$66.4 billion in new business revenue to the Indian economy by 2026, according to a a third party study addendum from IDC.

The study also finds that Salesforce is driving immense growth for its partner ecosystem in India, which will make US$6.55 for every US$1 Salesforce makes locally by 2026.

In India, the growth of cloud software is also driving economic benefits. According to IDC, the demand for cloud services is set to grow 22%, from US$2.6 billion in 2020 to US$8.5 billion in 2026.

According to the study, 24% of new jobs created in India in the Salesforce customer base this year leverage significant digital skills, such as using automation tools, the Internet of Things (IoT), and other complex applications.

Trailhead, Salesforce’s free online learning platform, and its Trailblazer Community, which helps accelerate this learning through peer-to-peer knowledge sharing and support, empowers users to learn digital skills for the growing Salesforce economy.

Arundhati Bhattacharya, Chairperson & CEO, Salesforce India, said on 29 Oct 2021, “The growth in the Salesforce Economy really does go back to the idea of collaboration and community. The Salesforce partner ecosystem is critical to extending the power of Salesforce to companies of all sizes, across industries and we are committed to providing our expanding partner ecosystem with the tools needed to succeed in the jobs of the future.

“For Salesforce, it’s not only about creating new technology and career opportunities; we have to create pathways to these new jobs. We’ve made it our mission to empower people with the tools they need to build dynamic careers, companies, and communities with Salesforce and thrive in a digital-first world.” #technology #investment #economy /fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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