Public cloud services market size for India revealed

public-cloud-services-forecastThe size of the public cloud services market in India will be $1.3 billion in 2016, according to Gartner.

The public cloud services market in India will grow at 35.9 percent.

The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 45.5 percent in 2016, followed by platform as a service (PaaS) projected to grow 33.5 percent.

The global public cloud market will mature, and its growth rate will slightly slow down from 17.2 percent in 2016 to a 15.2 percent increase in 2020.

While Brexit and other growth challenges exist, some segments such as financial SaaS applications and the PaaS user markets will still see strong growth through 2020.

“Buyers will intensify and increase IaaS activity. Ongoing enhancement of performance, more memory, more storage for the same money (which will drive increases in consumptions) and increased automation in traditional IT outsourcing (ITO) delivery,” said Sid Nag, research director at Gartner.

The Gartner report on public cloud said that more organizations will consider expanding their PaaS adoption as an important component to their cloud strategy, and specifically to their SaaS deployments.