The public cloud services market in India is forecast to grow 32.4 percent in 2012 to total $326.2 million, according to Gartner, Inc. Worldwide public cloud services revenue is on pace to total $111 billion this year.
"The cloud services market is clearly a high-growth sector within the overall IT marketplace," said Ed Anderson, research director at Gartner. "
Software as a service (SaaS) is forecast to grow to $115.6 million in 2012, while Infrastructure as a service (IaaS) is forecast to grow from $35.2 million in 2011 to $42.7 million in 2012. Business process as a service (BPaaS) is forecast to grow to $112.1 million in 2012, up from $90.3 million in 2011. By 2016, cloud compute services will become the largest single segment within the public cloud services market in India growing to $140.8 million, and accounting for about 14 percent of total public cloud services spending.
The growth will also be high in Application Infrastructure Services (platform as a service, or PaaS). Its growth will be $15.7 million in 2012 which considered being a critical growth driver. The cloud management and security services segment is forecast to grow to $40.1 million in 2012. High growth rates will occur in India, Indonesia and China. However, 81 percent of spending increase will come from North America and Western Europe.
