Cloud services spending growth over30% in India

61 percent of respondents in India are currently using cloud services

GN Staff | October 26, 2015


#cloud   #india   #IaaS   #SaaS   #software   #gartner  

Spending on cloud services in India market is expected to reach $ 1.9 billion by 2019. High rates of growth is attributed to public cloud services, which is to touch $ 731 million by the end of this year, a jump of more than 31 percent over last year, research firm Gartner has said.

According to Gartner’s latest cloud adoption survey, 61 percent of respondents in India indicated that they are currently using cloud services, and additional 31 percent plan to use cloud services by the end of 2015.

“Emerging markets, such as China and India, are expected to lead in real GDP growth from 2015 through 2017. There are some exceptions, such as Brazil, Russia and Turkey, whose currencies have declined significantly compared with other world currencies,” said Gartner Research Director Sid Nag.

The revenues, which stood at $ 555 million in 2014, are expected to be driven by high growth rates in key market segments like cloud infrastructure as a service (IaaS), cloud management and security services and software as a service (SaaS), it added.

Gartner forecast spending on IaaS to total $ 100 million in 2015, an increase of 25 percent over last year. Spending on cloud management/security will grow 36.6 percent to $ 82 million, and SaaS will grow 33.4 percent to $ 302 million this year, Gartner added.

"The forecast for cloud services vary based on local factors, including supply and demand within the local markets, country-specific economic conditions, currency exchange rates, and other global market factors," Nag said.

The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers, Nag added.
 

Comments

 

Other News

Terrorising the terrorists

One year has passed since the Modi regime applied shock therapy to improve the functioning of the Indian economy through demonetisation on November 8, 2016. Thus, legal tender to rupee notes worth 1,000 and 500 denominations was withdrawn and 86 percent of the currency went out of circulation. It was claim

J&K to get additional electricity during winters

In a bid to meet the increase in electricity demand of Jammu & Kashmir during the winters, the centre has decided to allocate an additional 792 Megawatts to the state. The allocation of power to J&K from central generating stations (CGS) is 2,397 MW. The supply would be given by powe

IOCL, IDCO ink pact to set up plastic park at Paradip

Minister for petroleum and natural gas, skill development & entrepreneurship Dharmendra Pradhan has lauded the state run Indian Oil Corporation and IDCO (Industrial Development Corporation of Odisha) for signing a pact to establish a plastic park at Paradip in Odisha. Pradhan was speakin

RBI mulls whether to shift loan pricing system to external benchmark

An efficient monetary transmission is a sine qua non for the successful pursuit of its objectives by any central bank. Over the past two decades, it has been the endeavour of the Reserve Bank of India to strengthen the monetary transmission process, but these efforts have yet not yielded the desired result

Govt okays deputation of group A officers to TCIL

 The cabinet has approved the proposal for deputation of group A officers of department of telecommunications (DoT) and other ministries with telecommunication and information technology background to Telecommunications Consultants India Ltd. (TCIL). TCIL, a Miniratna PSU, is a premier telec

Indians want more military force in Kashmir: Pew

When it comes to dealing with the disputed border regions of Jammu and Kashmir, the Indian public favours an aggressive stance, said the Pew Research Center, a US based think-tank. A 63% majority believes the government should be using more military force. Few say India should use less force



Video

Gujrat election – 70 candidates in BJP’s first list

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter