61 percent of respondents in India are currently using cloud services
GN Staff | October 26, 2015
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.
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