Gartner Says Indian Public Cloud Services Market on Pace To Total $550 Million In 2014

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Latest trends In Cloud and Digital Strategy Will Be Addressed at the Gartner IT Infrastructure Operations & Data Center Summit, 12 -13 May in Mumbai

The public cloud services market in India is on pace to grow 29.8 percent in 2014 to total $550 million, an increase of $127 million from an estimated 2013 revenue of $423 million, according to Gartner, Inc. Spending on software as a service (SaaS) will total $218 million in 2014, growing 30.3 percent from 2013 through 2014.

Gartner predicts that from 2013 through 2017, $4 billion will be spent on cloud services in India. SaaS is the largest overall cloud market segment, followed by infrastructure as a service (IaaS), totally $76 million in 2014 and business process as a service (BPaaS), totally $73 million over the same period.

“The market for public cloud services in India continues to expand at rates outpacing much of the rest of the world,” said Ed Anderson, research director at Gartner. “Increased demand for the business benefits and cost efficiencies will drive growth uniformly across virtually all cloud market segments through 2017.”

BPaaS is expected to grow from $61.9 million in 2013 to $154 million in 2017. SaaS is expected to grow from $167 million in 2013 to $507 million in 2017, and IaaS is forecast to grow from $58 million in 2013 to $217 million in 2017.

The Indian market is expected to be one of the fastest growing countries in Gartner’s cloud forecast. IT spending on public cloud services in India is expected to reach $1.3 billion in 2017.

Additional information is available in the report " Forecast Analysis: Public Cloud Services, Worldwide, 2011-2017, 4Q13 Update and Forecast: Public Cloud Services, Worldwide, 2011-2017, 4Q13 Update". The report is available on Gartner's website at http://www.gartner.com/doc/2642020.

Gartner IT Infrastructure Operations and Data Center Summit 2014

The latest trends in the transformative power of infrastructure and operations, big data and beyond, hybrid cloud computing, changing economics of data centre will be addressed at the Gartner Infrastructure, Operations and Data Centre Summit, 12-13 May, at the Renaissance Mumbai Convention Centre Hotel. For further information about the Gartner IODC summit, please visit: http://www.gartner.com/technology/summits/apac/data-center-india/.

Journalists can register by contacting Sony Shetty, Gartner PR on +91 98209 00036 or sony.shetty@gartner.com

Additional information from the event will be shared on Twitter at and using #GartnerDC

 

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