Public cloud services in India to be worth $434 mn this year
New Delhi: The public cloud services market in the country is expected to grow 37.5 percent this year to USD 434 million, research firm Gartner said on Tuesday.
"The public cloud services market in India is on pace to grow 37.5 percent in 2013 to total USD 434 million, an increase of USD 119 million from the USD 315 million forecast for 2012," Gartner said in its latest report.
As per Gartner, infrastructure as a service (IaaS), including cloud computing, storage and print services, is expected to grow 41.8 percent in 2013 to USD 62.5 million.
Cloud computing enables companies to use software, applications and various services on pay-per-use basis, without the need to set up and own IT infrastructure.
Gartner predicts that from 2013 through 2017, USD 4.2 billion will be spent on cloud services in India, of which USD 1.8 billion will be spent on SaaS.
"SaaS represents today the most mature segment in the cloud services marketplace, resulting in high rates of adoption. However, IaaS is rapidly being accepted as both a mature technology and an accepted deployment destination for business-critical workloads," Gartner research director Ed Anderson said.
"We predict high demand for SaaS, IaaS and the services supporting the adoption of these key cloud offerings through our forecast period of 2011 through 2017," Anderson added.
The research firm said cloud services in India will be strong across all cloud services market segments through 2017.
"Business process as a service (BPaaS) is expected to grow from USD 67 million in 2013 to USD 180 million in 2017. SaaS is expected to grow from USD 176 million in 2013 to USD 572 million in 2017," the report said.
The Indian market has shown particularly strong growth for the past few years and is predicted to continue to be one of the fastest growing countries in Gartner's cloud forecast, it said.
"IT spending on public cloud services in India is expected to reach USD 1.4 billion in 2017," it added.