India public cloud services market to jump 43% in 2017

Friday 13 October 2017 | 14:53 CET | News
Public cloud infrastructure as a service (IaaS) continues to be dominated by the hyperscale providers and their ecosystems that are driving growth, according to Gartner. The public cloud services market in India is expected to grow 43 percent in 2017 to USD 1.9 billion. 

The report further shows that the highest growth will continue to be driven by IaaS which is projected to grow 42 percent in 2017, followed by 33.5 percent in platform as a service (PaaS) and 33.3 percent in software as a service (SaaS). 

Worldwide demand for IaaS is forecast to continue with strong growth through 2021, which benefits the cloud related services market, such as development, implementation, migration services etc. Gartner sees continued significant above-average growth for the big three hyperscale IaaS cloud providers. The iPaaS market will continue to be the fastest growing segment within application integration and middleware (AIM) segment, and it is therefore the jewel in the crown of the integration software market.

Report authors believe that much of the worldwide growth will be driven by increasing adoption of cloud applications, mainstream organizations building their hybrid integration platforms, the relatively untapped SMB/mid-size markets, and geographies outside US such as India. 

Dropping annual growth rates indicate the mainstreaming of cloud services in the market for IT spending generally. Around 18 percent of IT spending generally was directed to cloud in 2016 worldwide and is expected to increase to 21 percent in 2018. In 2016, some 17 percent of the total addressable market for cloud infrastructure, middleware, application and business process services shifted to the cloud. By 2021, cloud shift for these markets is forecast to increase to 28 percent worldwide.

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