India public cloud services market to grow 43% in 2017 to reach $1.9 bn: Gartner
05 Oct 2017
The public cloud services market in India is projected to grow 43 per cent in 2017 to total $1.9 billion, while the highest growth will continue to be driven by infrastructure as a service (IaaS), according to a study by Gartner.
''Ongoing new entries into the public cloud managed service provider and migration services space indicate continued overall growth in net new and migrated workloads. Hybrid cloud solutions will continue to drive overall cloud adoption and overall IaaS trajectory at the same rate as past quarters,'' said Sid Nag, research director at Gartner.
The highest growth will continue to be driven by IaaS, which is projected to grow 42 per cent in 2017, followed by 33.5 per cent in platform as a service (PaaS) and 33.3 per cent in software as a service (SaaS).
The global demand for IaaS will continue with strong growth through 2021, which benefits the cloud related services market, such as development, implementation and migration services among others.
The iPaaS market will continue to be the fastest growing segment within application integration and middleware (AIM) segment, and it is therefore the jewel in the crown of the integration software market.
Much of the worldwide growth will be driven by increasing adoption of cloud applications, mainstream organisations building their hybrid integration platforms, the relatively untapped SMB and mid-size markets, and geographies outside US such as India.
Declining annual growth rates indicate the mainstreaming of cloud services in the market for IT spending generally. About 18 per cent of IT spending generally was directed to cloud in 2016 worldwide and is expected to increase to 21 per cent in 2018.
In 2016, about 17 per cent of the total addressable market for cloud infrastructure, middleware, application and business process services shifted to the cloud. By 2021, cloud shift for these markets will increase to 28 per cent worldwide. Absolute growth rates for cloud will continue to be strong, while annual growth rates for each cloud segment decline.
India's public cloud services forecast (in million dollars)
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