Cloud services in India to soar to US$1.3b in 2016

Cloud services are soaring in India with projected growth of 35.9 percent to hit US$1.3 billion this year, according to Gartner.

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

“The overall 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,” said Sid Nag, Research Director of Gartner.

“As buyers intensify and increase IaaS activity, they will be getting more for their investment: ongoing enhancement of performance, more memory, more storage for the same money (which will drive increases in consumption) and increased automation in traditional IT outsourcing (ITO) delivery. As PaaS offerings mature and the competitive landscapes consolidates, we predict that more organisations will consider expanding their PaaS adoption as an important component to their cloud strategy, and specifically to their SaaS deployments,” he added.