India Public Cloud Market Growing Rapidly – $838M in 2015
India has been highlighted as a key growth market for cloud by many analysts. Over the past several years, there has been significant growth in Indian startups that are tapping into public cloud resources. In an announcement today, Gartner estimates the public cloud services revenue in India will reach $838 million by the end of 2015, an increase of almost 33 percent, or $206 million over 2014 revenue of $632 million. In 2015, public cloud services revenue is driven by high rates of growth in key market segments, cloud infrastructure as a service (IaaS), cloud management and security services and cloud application infrastructure platform as a service (PaaS).
Per Gartner, spending on IaaS will total $104.8 million in 2015, an increase of 38 percent over last year. Spending on cloud management/security and PaaS will both grow 35.4 percent to $56.7 and $84.6 million respectively during the same period. Gartner predicts high rates of spending on cloud services in India to continue through 2018 when the market is expected to reach $1.9 billion.
“Organizations in India seeking IT outsourcing services are increasingly turning to public cloud services as an alternative to traditional ITO offerings,” said Ed Anderson, research vice president at Gartner. “In fact, cloud services are not only being used for low-value or transient workloads but also increasingly for production workloads, including some mission-critical initiatives.”
This is great news for cloud providers in a country that thrives on services driven economy. We anticipate more and more Indian companies shifting to utilize managed cloud services in 2015.
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