India’s public cloud services market could reach $638 million this year: Gartner

09 Oct 2014

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The public cloud services revenue in India will reach $638 million by the end of 2014, an increase of almost 34 per cent over 2013 revenue, driven by high rates of growth in key market segments such as cloud infrastructure as a service (IaaS) and software as a service (SaaS), according to a Gartner study.

Spending on SaaS will total $249 million in 2014, a 37 per cent increase over last year. Spending on IaaS will grow 33 per cent to $77 million during the same period.

Gartner predicts continuing high rates of spending on cloud services in India through 2018 when the market is expected to reach almost $2 billion.

''The expanding use of information technology in India, coupled with aggressive adoption of cloud services, makes India a rich market for cloud services growth,'' said Ed Anderson, research vice president at Gartner. ''Organisations in India see cloud services as a means to develop new applications and support a more effective use of IT budgets.''

Indian organisations demonstrate a preference for public cloud services beyond most other countries, Gartner said, quoting its cloud adoption survey. About 53 per cent of organisations in India indicate they are using cloud services today, with another 43 per cent indicating plans to begin using cloud services in the next 12 months.

Business process as a service (BPaaS) is expected to grow from $131 million in 2014 to $358 million in 2018. SaaS is expected to grow to $735 million in 2018, while PaaS is forecast to grow to $121 million, and IaaS is forecast to grow to $295 through 2018.

The growth of cloud services varies by country and specific cloud service type. The Indian market is unique in that demand is consistently high for all types of cloud services, Anderson added.


 

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