The public cloud services market in India is expected to grow at the rate of 37.5% in 2013 to reach $434 million, according to a recent report.
This new figure shows an increase of $119 million from the 2012 forecast of $315 million forecast
Infrastructure as a service (IaaS), like cloud compute, storage and print services, is expected to grow at 41.8% in 2013 to touch $62.5 million, the report by Gartner said.
Here are some key highlights from the report
The report also said that from 2013 through 2017, $4.2 billion will be spent on cloud services in India, $1.8 billion of which will be spent on software as a service (SaaS).
Cloud services in India is expected to be strong across all cloud services market segments through 2017.
Business Process as a Service (BPaaS) market is expected to grow by nearly 3 times, from $67 million in 2013 to $180 million in 2017.
SaaS market in India is expected to grow from $176 million in 2013 to $572 million in 2017.
IT spending on public cloud services in India is expected to reach $1.4 billion in 2017.
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