India's public cloud services market will reach $731 million by end of 2015: Research
Updated: Oct 26, 2015 04:29:30pm
New Delhi, Oct 26 (KNN) Public cloud services revenue in India may reach USD 731 million by the end of 2015, an increase of USD 176 million over 2014 revenue of USD 555 million, according to research firm Gartner Inc.
Spending on infrastructure as a service (IaaS) will total USD 100 million in 2015, an increase of 25 percent over last year. Spending on cloud management and security will grow 36.6 percent to USD 82 million, and software as a service (SaaS) will grow 33.4 percent to USD 302 million this year, it said.
Gartner predicted high rates of spending on cloud services in India to continue through 2019 when the market is expected to reach USD 1.9 billion.
“The forecast for cloud services vary based on local factors, including supply and demand within the local markets, country-specific economic conditions, currency exchange rates, and other global market factors,” said research director at Gartner, Sid Nag.
The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers, he said.
According to Gartner’s latest cloud adoption survey, 61 per cent of respondents in India indicated that they are currently using cloud services, and additional 31 per cent plan to use cloud services by the end of 2015. (KNN Bureau)
Spending on infrastructure as a service (IaaS) will total USD 100 million in 2015, an increase of 25 percent over last year. Spending on cloud management and security will grow 36.6 percent to USD 82 million, and software as a service (SaaS) will grow 33.4 percent to USD 302 million this year, it said.
Gartner predicted high rates of spending on cloud services in India to continue through 2019 when the market is expected to reach USD 1.9 billion.
“The forecast for cloud services vary based on local factors, including supply and demand within the local markets, country-specific economic conditions, currency exchange rates, and other global market factors,” said research director at Gartner, Sid Nag.
The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers, he said.
According to Gartner’s latest cloud adoption survey, 61 per cent of respondents in India indicated that they are currently using cloud services, and additional 31 per cent plan to use cloud services by the end of 2015. (KNN Bureau)
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