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India's public cloud services to reach $731M in 2015

Posted: 27 Oct 2015     Print Version  Bookmark and Share

Keywords:cloud  public cloud services  data centre 

Public cloud services revenue in India is expected to reach $731 million by the end of 2015, growing more than 31 per cent over last year, according to research firm Gartner.

The revenue, which stood at $555 million in 2014, is driven by high growth rates in key market segments, including cloud infrastructure as a service (IaaS), cloud management and security services, and software as a service (SaaS).

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

Gartner predicts high rates of spending on cloud services in India to continue through 2019 when the market is expected to reach $1.9 billion.

"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," said Sid Nag, research director at Gartner.

"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," he added.

According to Gartner's latest cloud adoption survey, 61 per cent of respondents in India indicated that they are currently using cloud services, and additional 31 per cent 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 Nag.

Public data centre

Just recently, IBM opened its first public data centre in Chennai to expand its cloud solutions footprint in India and across the globe. It is part of the company's $1.2-billion investment to deliver cloud services into every major financial market.

The New York-based company also teamed up with information technology leaders like Tech Mahindra, CSC and Accenture to offer its cloud solutions, including IBM Bluemix, to developer communities.

"India's cloud market is poised for exponential growth," said Robert LeBlanc, senior vice president of IBM Cloud.

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