Indian Public Cloud Services Market To Reach $550 Million In 2014 | Cloud Computing Market in India (2014 to 2017): $4 Billion Will Be Spent on Cloud in India
From 2013 through 2017, $4 billion will be spent on cloud services in India. The public cloud services market in India is expected to grow 29.8 percent in 2014 to total $550 million, with an increase of $127 million from an estimated 2013 revenue of $423 million, according to Gartner, Inc. IT spending on public cloud services in India is expected to reach $1.3 billion in 2017.
Spending on software as a service (SaaS) will alone be $218 million in 2014, growing 30.3 percent from 2013 through 2014. SaaS is the largest overall cloud market segment in India, followed by infrastructure as a service (IaaS) – $76 million in 2014. Whereas, business process as a service (BPaaS), accounts for $73 million for the same period.
“The market for public cloud services in India continues to expand at rates outpacing much of the rest of the world,” said Ed Anderson, research director at Gartner, in the press statement. He stated – “Increased demand for the business benefits and cost efficiencies will drive growth uniformly across virtually all cloud market segments through 2017.”
The latest market study forecats, BPaaS to grow from $61.9 million in 2013 to $154 million in 2017, SaaS to grow from $167 million in 2013 to $507 million in 2017, and IaaS is forecast to grow from $58 million in 2013 to $217 million in 2017.
The Indian market is expected to show fastest growth.