New Delhi: ZStack International, a globally renowned market leader in cloud computing, IaaS and PaaS solutions has appointed Telenet Pvt. Ltd (A Ramesh Corp entity) as a Distributor in Nepal to strengthen the partners’ network in Nepal and have access to wide-ranging smart, scalable and cost-effective cloud services. Telenet Pvt. Ltd is one of the rapidly growing IT companies of Nepal that develops and sources the latest and innovative technologies followed globally. It is actively engaged in cloud computing, digital health, mobile and web applications and entertainment tech platforms.
Studies suggest that the cloud computing market size was valued at USD 325.30 Billion in 2021 and is projected to reach USD 1,225.12 Billion by 2030. Thus, growing at a CAGR of 14.1% from 2022 to 2030. The factors that are responsible for fostering market growth include rising penetration of internet and mobile devices across the world, growing digital transformation among industries and an increase in the consumption of big data.
According to Devanshu Bajpai, Country Manager, SAARC Region, ZStack International, “Nepal market is seeing various transformations towards adoption of cloud and cloud computing technologies due to various changes in the government policies. We wanted to capture these opportunities and what better way to enter this market than with Telenet, who has been driving change in this market for years. We see significant synergies between our organisations to help achieve mutual targets and bring new-age technologies into this market.”
Commenting on this new association with ZStack International, for the Nepal territory, which is an emerging market for ICT space and Cloud Computing, Mr. Navankur Sood , CEO, Telenet Pvt. Ltd, (A Ramesh Corp entity) said, “Nepal is undergoing a profound transformation towards the future of virtualization and growing need for cloud computing for a couple of years. Telenet has been a part of this growing change in the ICT space for the last 5 years. With our market understanding, we see a great synergy between ZStack International and our company to make a great leap in business growth. We are honoured to be associated with a prestigious company like ZStack international and a team of world-class professionals.”