Public cloud services revenue in India will reach $731 million by the end of 2015, an increase of $176 million over 2014 revenue of $555 million, according to Gartner, Inc. In 2015, public cloud services revenue is driven by high growth rates in key market segments, such as cloud infrastructure as a service (IaaS), cloud management and security services, and software as a service (SaaS).
Spending on IaaS will total $100 million in 2015, an increase of 25 percent over last year. Spending on cloud management/security will grow 36.6 percent to $82 million, and SaaS will grow 33.4 percent to $302 million this year.
Gartner predicts high rates of spending on cloud services in India to continue through 2019 when the market is expected to reach $1.9 billion.
“The forecast for cloud services vary based on local factors, including supply and demand within the local markets, country-specific economic conditions, currency exchange rates, and other global market factors,,” said Sid Nag, research director at Gartner. “The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers.”
A recently released TechSci Research report reveals that the growing adoption of cloud technologies in SMEs and government agencies in India will drive the demand for cloud services in India.
Rising availability of cloud services at economical price models and the ease of implementation are the major growth drivers for cloud services in India. In addition, increased government spending on new e-governance projects based on cloud technology is likely to drive the market for cloud computing services in India over the coming years. Software-as-a-Service (SaaS) emerged as the leading market segment holding majority market share in 2014 in India, said the report.
“Wide range of cloud solutions bundled with innovative pricing models covering private, public as well as hybrid cloud are contributing to the adoption of cloud services in India. Growing spending on cloud services within government and IT/ITeS segment is also expected to drive the market over the coming years”, said Karan Chechi, Research Director, TechSci Research.
Chechi stated that application hosting and e-mail remained the leading services to utilize cloud technology extensively in India. Growing at over a CAGR of 50 percent, private cloud dominated cloud computing ecosystem in India during 2010-2014. Improved data security features and exclusive control remain the key factors contributing to growth of private cloud in India.
However, private cloud adoption is largely restricted to large enterprises in present times. This is due to the fact that higher initial investment discourages small and medium enterprises to opt for private cloud deployment.
Moreover, public cloud adoption is plagued by data security and reliability issues due to which hybrid cloud has been gaining traction in India. The report also throws light on key roadblocks that restrict the growth of overall cloud services in India such as growing concerns over data security, reliability and surveillance. In addition, dearth of quality IT infrastructure further hampers widespread adoption of cloud services in India, the reports stated.
According to Gartner’s latest cloud adoption survey, 61 percent of respondents in India indicated that they are currently using cloud services, and additional 31 percent plan to use cloud services by the end of 2015.
“Emerging markets, such as China and India, are expected to lead in real GDP growth from 2015 through 2017. There are some exceptions, such as Brazil, Russia and Turkey, whose currencies have declined significantly compared with other world currencies,” said Mr. Nag.
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Quelle/Source: CXOToday, 27.10.2015
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