Indian Public Cloud Services Market to total $550 Million in 2014

21st February 2014 | By Mouseworld Now Correspondent |

Gartner-logoNew Delhi, India, 21st February, 2014: The public cloud services market in India is all set to clock 29.8 percent growth in 2014 to total $550 million, says Gartner, Inc. If this happens, then this will be an increase of $127 million from an estimated revenue of $423 million in 2013. Spending on software as a service (SaaS) will reach $218 million in 2014, growing at 30.3 percent from 2013 through 2014.

Gartner predicts that from 2013 through 2017, $4 billion will be spent on cloud services in India. SaaS is the largest overall cloud market segment, followed by infrastructure as a service (IaaS), totally $76 million in 2014 and business process as a service (BPaaS), totally $73 million over the same period.

“The market for public cloud services in India continues to expand at rates outpacing much of the rest of the world,” said Gartner research director Ed Anderson. “Increased demand for the business benefits and cost efficiencies will drive growth uniformly across virtually all cloud market segments through 2017.”

The Gartner report titled “ Forecast Analysis: Public Cloud Services, Worldwide, 2011-2017, 4Q13 Update and Forecast: Public Cloud Services, Worldwide, 2011-2017, 4Q13 Update” says BPaaS is expected to grow from $61.9 million in 2013 to $154 million in 2017. SaaS is expected to grow from $167 million in 2013 to $507 million in 2017, and IaaS is forecast to grow from $58 million in 2013 to $217 million in 2017.

The Indian market is expected to be one of the fastest growing countries in Gartner’s cloud forecast. IT spending on public cloud services in India is expected to reach $1.3 billion in 2017.

The report is available on Gartner’s website at http://www.gartner.com/doc/2642020.

 

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