Public cloud services market in India to grow 37.5 percent in 2013

Gartner predicts that the public cloud services market in India is set to grow 37.5 percent in 2013 to total $434 million, an increase of $119 million from the $315 million forecast for 2012.

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.

The study finds 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, according to Gartner.

cloud services

Business Process as a Service (BPaaS) is one of the strongest cloud services market segments through 2017, which 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.

India is 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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