The highest growth will come from cloud system, IaaS, which is projected to grow 45.5% in 2016
The public cloud services market in India is on pace to grow 35.9% in 2016 to total USD1.3 billion, according to Gartner. The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 45.5%in 2016, followed by platform as a service (PaaS) projected to grow 33.5%.
"The overall global public cloud market will mature, and its growth rate will slightly slow down from 17.2% in 2016 to a 15.2% increase in 2020," said Sid Nag, research director at Gartner. "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."
"As buyers intensify and increase IaaS activity, they will be getting more for their investment: ongoing enhancement of performance, more memory, more storage for the same money (which will drive increases in consumptions) and increased automation in traditional IT outsourcing (ITO) delivery," said Nag.
"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, and specifically to their SaaS deployments," added Nag.