NEW DELHI: The Public cloud services market in India is projected to grow 35.9 percent to $1.3 billion in 2016 with highest growth from coming from cloud system infrastructure services (45.5%) followed by platform as a service (33.5%), according to Gartner Inc.
“The overall global public cloud market will mature, and its growth rate will slightly slow down from 17.2 percent in 2016 to a 15.2 percent increase in 2020. While Brexit and other growth challenges exist, some segments such as financial SaaS applications and the PaaS user markets will still see strong growth through 2020,” Sid Nag, research director at Gartner. said.
As buyers continue to intensify IaaS activity, they would be getting more for their investment— ongoing enhancement of performance, more memory, more storage for the same money, driving increase in consumptions and increased automation in traditional IT outsourcing (ITO) delivery, Nag added.
He also added that as PaaS offerings mature and the competitive landscapes consolidates, we predict that more organizations will consider expanding their PaaS adoption as an important component to their cloud strategy.