New Delhi: Public cloud services revenue in India will reach $838 million by the end of 2015, an increase of almost 33 percent over 2014, information technology research and advisory firm Gartner said here Monday.
"Public cloud services revenue in India will reach $838 million by the end of 2015, an increase of almost 33 percent, or $206 million over 2014 revenue of $632 million," the statement said.
In 2015, public cloud services revenue is driven by high rates of growth in key market segments, cloud infrastructure as a service (IaaS), cloud management and security services and cloud application infrastructure platform as a service (PaaS), it added.
Spending on IaaS will total $104.8 million in 2015, an increase of 38 percent over last year. Spending on cloud management/security and PaaS will both grow 35.4 percent to $56.7 and $84.6 million respectively during the same period.
Gartner predicts high rates of spending on cloud services in India to continue through 2018 when the market is expected to reach $1.9 billion.
"Organizations in India seeking IT outsourcing services are increasingly turning to public cloud services as an alternative to traditional ITO offerings," said Ed Anderson, research vice president at Gartner.
According to Gartner`s latest cloud adoption survey, 53 percent of organizations in India indicate they are using cloud services now, with another 43 percent indicating plans to begin using cloud services in the next 12 months.