The public cloud services market in India is on pace to grow 33.6% in 2013 to total $404 million, or an increase of $101 million from 2012 revenues of $303 million.
According to Gartner, IaaS, including cloud compute, storage and print services, is expected to grow 33.9% in 2013 to $59.2 million.
Gartner predicted that from 2013 through 2017, $3.9 billion will be spent on cloud services in India, $1.7 billion of which will be spent on software as a service (SaaS).
Ed Anderson, research director at Gartner, said “The public cloud services market continues robust growth in India through over the forecast period of 2011 through 2017. While SaaS dominates as the largest cloud segment, the high growth rates of IaaS and platform as a service (PaaS) make them important markets to watch.”
He added that cloud services in India will be strong across all cloud segments through 2017. Business Process as a Service (BPaaS) is expected to grow from $63.6 million in 2013 to $168 million in 2017. Software as a Service (SaaS) is expected to grow from $174 million in 2013 to $552 million in 2017, and IaaS is forecast to grow from $59.2 million in 2013 to $156.3 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 $1.3 billion in 2017.