Worldwide cloud services to grow exponentially through 2022

Cloud services are really hot with projected growth of 17.5 percent to US$214.3 billion in 2019, according to Gartner. The momentum is expected to continue through to 2022 with the research firm projecting the market size and growth of the cloud services industry at nearly three time the growth of overall IT services.

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India public cloud services to hit US$1.26b in 2016

GartnerThe public cloud services market in India is projected to grow 30.4 percent in 2016 to hit US$1.26 billion, according to Gartner.

The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 32.5 percent in 2016, with platform as a service (PaaS) projected to grow 31.7 percent.

“We are witnessing a shift from legacy IT services to cloud-based services. Cloud services are growing due to organizations pursuing a digital business strategy,” said Sid Nag, Research Director of Gartner.

Continue reading “India public cloud services to hit US$1.26b in 2016”