The public cloud services market in India is on pace to grow 37.5% in 2013 to total $434 million, according to the latest outlook by Gartner.
Gartner expects IT spending on public cloud services in India to reach $1.4 billion in 2017.
Infrastructure as a service (IaaS), including cloud compute, storage and print services, is expected to grow 41.8% 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.
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 to $180 million in 2017 while SaaS is expected to reach $572 million.
The Indian market is predicted to continue to be one of the fastest growing countries in Gartner’s cloud forecast.