PTINEW DELHI: The public cloud services market in the country is projected to grow 30.4 per cent to reach $1.26 billion this year as organisations are pursuing a digital business strategy, Gartner said today.
According to the research firm, public cloud services market, which stood at $968.1 million in 2015, will reach $3.52 billion by 2020.
"The public cloud services market in India is projected to grow 30.4 per cent in 2016 to $1.26 billion," it said.
The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 32.5 per cent in 2016, with platform as a service (PaaS) projected to grow 31.7 per cent.
"We are witnessing a shift from legacy IT services to cloud-based services. Cloud services are growing due to organisations pursuing a digital business strategy," Sid Nag, research director at Gartner said.
The IaaS segment will remain the fastest-growing segment in 2016, forecast to reach $448.9 million.
"IaaS continues to be the strongest-growing segment as enterprises move away from data centre build-outs and move their infrastructure needs to the public cloud," said Nag.
"Certain market leaders have built a significant lead in this segment, so providers should focus on creating differentiation for success," Nag added.
PaaS is forecast to grow 31.7 per cent in 2016, to $82.1 million.
"This is an artifact of enterprises looking to develop and build applications in the public cloud that are cloud native, as well as non-cloud native applications that are refactored taking advantage of PaaS," Gartner said
According to the research firm, public cloud services market, which stood at $968.1 million in 2015, will reach $3.52 billion by 2020.
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The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 32.5 per cent in 2016, with platform as a service (PaaS) projected to grow 31.7 per cent.
"We are witnessing a shift from legacy IT services to cloud-based services. Cloud services are growing due to organisations pursuing a digital business strategy," Sid Nag, research director at Gartner said.
The IaaS segment will remain the fastest-growing segment in 2016, forecast to reach $448.9 million.
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"IaaS continues to be the strongest-growing segment as enterprises move away from data centre build-outs and move their infrastructure needs to the public cloud," said Nag.
"Certain market leaders have built a significant lead in this segment, so providers should focus on creating differentiation for success," Nag added.
PaaS is forecast to grow 31.7 per cent in 2016, to $82.1 million.
"This is an artifact of enterprises looking to develop and build applications in the public cloud that are cloud native, as well as non-cloud native applications that are refactored taking advantage of PaaS," Gartner said
