Public Cloud Services in India To Reach $1.26 bn in 2016

MUMBAI: The public cloud services market in India is projected to grow 30.4 percent this year to reach $1.26 billion, market research firm Gartner said on Thursday.

The highest growth will come from the cloud system infrastructure-as-a-service (IaaS) which is projected to grow 32.5 percent in 2016 while platform-as-a-service (PaaS) is projected to grow 31.7 percent to $82.1 million.

"We are witnessing a shift from the legacy IT services to cloud-based services. Cloud services are growing due to organisations pursuing a digital business strategy," said Sid Nag, research director at Gartner, in a statement.

The IaaS segment will remain the fastest growing segment in 2016.

"IaaS continues to be the strongest-growing segment as enterprises move away from data center build-outs and move their infrastructure needs to the public cloud," Nag added.

Read Also:
Reliance Takes Jio A Step Closer To Outside Customers
Direct Selling Mkt To Touch " border="0" height="11" src="file:///C:/Users/Narendra/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg" width="10" />64,500 Cr By 2025: Report