Infotech Lead India: The size of the public cloud services market in India will be $326.2 million, up 32.4 percent in 2012.
Globally, public cloud services revenue will touch $111 billion this year, Gartner said.
“The key to taking advantage of this growth will be understanding the nuances of the opportunity within service segments and geographic regions, and then prioritizing investments in line with the opportunities,” said Ed Anderson, research director at Gartner.
Software as a service (SaaS), the largest segment, is forecast to grow to $115.6 million in 2012.
Infrastructure as a service (IaaS) is forecast to grow to $42.7 million in 2012 from $35.2 million in 2011.
Thanks to the inclusion of cloud advertising as a subsegment, business process services (BPaaS) is forecast to grow to $112.1 million in 2012, up from $90.3 million in 2011.
Gartner said Cloud compute services will become the largest single segment within the public cloud services market in India growing to $140.8 million, and accounting for about 14 percent of total public cloud services spending by 2016.
Growth in application infrastructure services (PaaS) will also be high, although it is a smaller market relative to the other segments.
The PaaS segment is forecast to grow to $15.7 million in 2012. Cloud management and security services constitute a new forecast segment comprising cloud security services, IT operations management (ITOM) and storage management (including backup and recovery services). The cloud management and security services segment is forecast to grow to $40.1 million in 2012.
81 percent of spending increases will come from North America and Western Europe. For cloud services providers, this will require a strategic approach when considering both high-volume and high-growth markets. Both will be important in the development of sustained, global strategies.