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.
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.
