The public cloud services market in India is forecast to grow 36 per cent in 2013 to $443 million, up from $326 million in 2012.
Infrastructure as a Service (IaaS), including cloud compute, storage and print services, continues as the fastest-growing segment of the market in India, growing 22.7 per cent in 2012 to $43.1 million. It is expected to grow 39.6 per cent in 2013 to $60.2 million, said a Gartner report.
Software as a Service (SaaS) continues to be the largest segment of the cloud services market in India, comprising 36 per cent of the total market in 2012. Gartner predicts that from 2013 through 2017, $4.2 billion will be spent on cloud services, $1.6 billion of which will be spent on SaaS.
"The continued growth of the cloud services market will result from the adoption of cloud services for production systems and workloads, in addition to the development and testing scenarios that have led as the most prominent use case for public cloud services to date," said Ed Anderson, research director at Gartner.
"Evidence of this growth is found in the increasing demand for cloud services from end-user organisations, met by an increased supply of cloud services from suppliers," Anderson added.
Although there is wide variation between cloud services market sub segments, strong demand is anticipated for all types of cloud services offerings. The cloud business process services segment (BPaaS) is the second-largest market segment after SaaS, comprising 23 per cent of the total market in 2012 in India, followed by cloud infrastructure services (infrastructure as a service [SaaS]) at 13 per cent, cloud advertising services at 12 per cent, cloud management and security services at 11 per cent, and cloud application infrastructure services (platform as a service [PaaS]) at 5 per cent.