New Delhi: The public cloud services market in the country is expected to grow 37.5 per cent this year to $434 million, research firm Gartner said.

"The public cloud services market in India is on pace to grow 37.5 per cent in 2013 to total $434 million, an increase of $119 million from the $315 million forecast for 2012," Gartner said in its latest report.

As per Gartner, infrastructure as a service (IaaS), including cloud computing, storage and print services, is expected to grow 41.8 per cent in 2013 to $62.5 million.

Cloud computing enables companies to use software, applications and various services on pay-per-use basis, without the need to set up and own IT infrastructure.

Gartner predicts that from 2013 through 2017, $4.2 billion will be spent on cloud services in India, of which $1.8 billion will be spent on SaaS.

"SaaS represents today the most mature segment in the cloud services marketplace, resulting in high rates of adoption. However, IaaS is rapidly being accepted as both a mature technology and an accepted deployment destination for business-critical workloads," Gartner research director Ed Anderson said.

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