India’s public cloud services market pegged at $434 mn

The public cloud services market in India is on pace to grow 37.5 percent in 2013 to total $434 million, an increase of $119 million according to the latest outlook by Gartner.

Infrastructure as a service (IaaS), including cloud compute, storage and print services, is expected to grow 41.8 percent in 2013 to $62.5 million.

Gartner predicts that from 2013 through 2017, $4.2 billion will be spent on cloud services in India, $1.8 billion of which will be spent on software as a service (SaaS).

“SaaS represents the most mature segment in the cloud services marketplace today, 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,” said Ed Anderson, research director at Gartner.

“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.”

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 $67 million in 2013 to $180 million in 2017. SaaS is expected to grow from $176 million in 2013 to $572 million in 2017.

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 spending on public cloud services in India is expected to reach $1.4 billion in 2017.

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