According to a study by global analyst firm, Gartner, public cloud services in India might grow by 43% in 2017 to a total of $1.9 billion. Hyperscale providers continue dominating the public cloud Infrastructure-as-a-service (IaaS), which is showing the highest growth.
IaaS growth will be highest (42%, to $699 million) in 2017, followed by Platform as a service (33.5%, to $169 million), and Software as a Service (33.3%, to $651 million). The growth of IaaS will benefit the cloud related services market, including development, migration, and implementation services.
”Ongoing new entries into the public cloud managed service provider and migration services space indicate continued overall growth in net new and migrated workloads. Hybrid cloud solutions will continue to drive overall cloud adoption and overall IaaS trajectory at the same rate as past quarters,” said Sid Nag, research director at Gartner.
The IT expenses on cloud services had grown by 18% in 2016, and it is expected to grow 21% in 2018.
About 17% of market for cloud infrastructure, middleware, application and business process services shifted to cloud in 2016, and it will increase to 28% by 2021. Even though the cloud absolute growth rates are continuously increasing, annual growth rates for cloud segments is declining.
The cloud applications, organizations building their hybrid integration platforms, SMBs, and regions outside US like India, will show much of the worldwide growth.