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9 May 2018
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| Gartner (The Total Investment & Insurance Solutions) |
The revenue from public cloud services in
India is projected to grow 37.5 percent in 2018 to $2.5 billion, up from $1.8
billion in 2017, market research firm Gartner said on Wednesday. “While the
public cloud revenue market in India exhibits solid growth in 2018, the growth
rate is expected to flatten, which is indicative of a maturing market,” Sid
Nag, Research Director at Gartner, said in a statement.
Gartner estimated that Infrastructure-as-a-Service (IaaS) would be the
fastest-growing segment of the public cloud market. IaaS in India is forecast
to total $1 billion – an increase of 46 percent from 2017. “While IaaS enables
efficiencies and cost benefits, organisations need to be cautious about IaaS
providers potentially gaining unchecked influence over customers and the
market,” Nag pointed out. In regions such as India, pricing would be a major
factor in the selection of public cloud providers by organisations. The Total Investment & Insurance
Solutions
“In response to multi-cloud adoption trends, organisations in India are
also increasingly demanding a simpler way to move workloads, applications and
data, across cloud providers’ IaaS offerings without penalties,” Nag added.
Software-as-a-Service (SaaS) still remains the largest segment of the public
Cloud market in India, with revenue expected to reach $932 million in 2018 — an
increase of 34 percent year-on-year. The
Total Investment & Insurance Solutions
According to Nag, SaaS users are increasingly demanding more
purpose-built offerings engineered to deliver specific business outcomes. Under
the Platform-as-a-Service (PaaS) segment, database PaaS (dbPaaS) would be the
fastest-growing segment over the next four years. The dbPaas segment would
reach $32 million in 2018, which is an increase of 50 percent from 2017.
Gartner expects the segment to reach almost $113 million by 2022..The Total Investment & Insurance Solutions
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