The public cloud services market in India is projected to grow 38 percent in 2017 to $1.81 billion, according to Gartner.
The highest growth will be driven by infrastructure as a service (IaaS) which is projected to grow at 49.2 percent in 2017, followed by 33 percent in software as a service (SaaS) and 32.1 percent in platform as a service (PaaS).
The increase of SaaS and PaaS are indicators that the migration of application and workloads from on premises data centers to the cloud, as well as the development of cloud ready and cloud native applications, are fueling the growth in the cloud space.
“We see increased cloud growth in the infrastructure compute services space as adoption becomes increasingly mainstream,” said Sid Nag research director at Gartner. “This has been predicted for a while, and the momentum continues to sustain in 2017 eventually plateauing through 2020 as the market further matures.”