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The cloud services spending in India to reach $4.2 billion by 2017: Gartner

Gartner-cloudWith India already leading its way among the top nations in terms of Smartphones and Applications market, it is now also pacing its way in the Public Cloud Computing services segment, as revealed in the latest Gartner’s cloud forecast.

Here is a brief overview of the report:

In Year 2013, the public cloud computing market in India is expected to grow 37.5 percent to total $434 million, an increase of $119 million from the $315 million forecast for 2012. On the other hand, Infrastructure as a service (IaaS), including cloud compute, storage and print services, is expected to grow 41.8 percent to $62.5 million.

According to Gartner, by 2017-

->  Business Process as a Service (BPaaS) will reach $180 Mn from present $67 Mn.

->  SaaS will grow from $176 million in 2013 to $572 million.

-> IT spending on public cloud services will reach $1.4 billion

-> $4.2 billion will be spent on cloud services in India, $1.8 billion of which will be spent on software as a service (SaaS).

In Q1 2013, Gartner predicted almost the same figures for spending on cloud services in India and about the growth of IaaS. However, this time the amount of spending on SaaS increased from $1.6 billion to $1.8 billion while IaaS is now expected to have a growth of 41.8% rather than the previous 39.6%.

Considering the cloud service market today, this change in prediction can be attributed to the high rates of SaaS adoption and rapid acceptance of IaaS as both a mature technology and an accepted deployment destination for business-critical workloads, as said by Ed Anderson, research director at Gartner.

The recent developments include Dell conversion to a private company in order to focus more on cloud and mobile, an INR 50 crore investment by Intel in Bangalore based NxtGen Datacenter and BSNL foray into the cloud computing services.

Previously, Nasscom also released a report wherein the Indian market for cloud computing is expected to reach $16 billion in 2020.

An overview of the report can be seen here.

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