IaaS and PaaS to reach $448.9 and $82.1 million respectively in 2016
The public cloud services market in India is forecasted to grow 30.4 and reach $1.26 billion in 2016, according to Gartner, Inc. IaaS is expected to show fastest and biggest contributor with which 32.5%growth rate. IaaS is expected to reach $448.9 million. It will be followed by PaaS which will grow with 31.7% and reach $82.1 million.
Sid Nag, research director at Gartner shared that the cloud services are growing due to organizations pursuing a digital business strategy. He further suggested, "Certain market leaders have built a significant lead in this segment, so providers should focus on creating differentiation for success."