Monday 26 October 2015

India's public cloud services to touch $730 million in 2015: Gartner

NEW DEL:HI: Public cloud services revenue in India is forecast to touch U$731 million by the end of 2015, growing more than 31 per cent over last year, research firm Gartner said.

High rates of spending on cloud services in India to continue through 2019 when the market is expected to reach USD 1.9 billion, Gartner said in a statement.

The revenues, which stood at $555 million in 2014, are expected to be driven by high growth rates in key market segments like cloud infrastructu as a service (IaaS), cloud management and security services and software as a service (SaaS), it added.

Gartner forecast spending on IaaS to total $100 million in 2015, an increase of 25 percent over last year.

Spending on cloud management/security will grow 36.6 per cent to $82 million, and SaaS will grow 33.4 per cent to $302 million this year, Gartner added.

"The forecast for cloud services vary based on local factors, including supply and demand within the local ma ..

Read More : http://economictimes.indiatimes.com/tech/software/indias-public-cloud-services-to-touch-730-million-in-2015-gartner/articleshow/49536888.cms 

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