Indian public cloud services market will reach $731 million in 2015

MUMBAI, INDIA: 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.

In 2015, public cloud services revenue is being driven by high growth rates in key market segments such as 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 said.

The research firm predicts high rates of spending on cloud services to continue through 2019 when the market is expected to reach $1.9 billion.

Further Gartner found that 61 percent of respondents in India are currently using cloud services, and additional 31 percent plan to use the services by the end of 2015.

“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,” Sid Nag, Research Director, Gartner.