India to spend $3.9 billion on cloud services by 2017: Gartner

The public cloud services market in India is on pace to grow 33.6% in 2013 to touch $404 mn, an increase of $101 mn from the 2012 revenue of $303 mn

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Around $3.9 billion will be spent on cloud services in India from 2013 through 2017, of which $1.7 billion will be spent on software-as-a-service (SaaS), according the latest outlook of IT research and advisory company Gartner Inc.

The public cloud services market in India is on pace to grow 33.6% in 2013 to touch $404 million, an increase of $101 million from the 2012 revenue of $303 million. Infrastructure-as-a-service (IaaS), including cloud compute, storage and print services, is expected to grow 33.9% in 2013 to $59.2 million, it said.

“The public cloud services market continues robust growth in India through over the forecast period of 2011 through 2017. While SaaS dominates as the largest cloud segment, the high growth rates of IaaS and platform-as-a-service (PaaS) make them important markets to watch,” Ed Anderson, research director at Gartner, said in a release on Wednesday.

According to Gartner, cloud services in India will be strong across all cloud segments through 2017. While business-process-as-a-service (BPaaS) is expected to grow from $63.6 million in 2013 to $168 million in 2017, SaaS is expected to grow from $174 million in 2013 to $552 million in 2017. IaaS is forecast to grow from $59.2 million in 2013 to $156.3 million in 2017.

The Indian market has shown particularly strong growth for the past few years and is predicted to continue to be one of the fastest growing countries in Gartner’s cloud forecast. IT spending on public cloud services in India is expected to reach $1.3 billion in 2017, it said.

Gartner also said that the serial inkjet and page printer, copier and multi-function product (MFP) market in India totaled 861,212 units in the third quarter of 2013, a 13.2% increase from the corresponding quarter of last year.

“Indian organisations are still largely paper-driven.But there is an increasing importance of digitisation and the need to access information anytime, anywhere. This represents an opportunity for print providers to expand their services into optimising the document workflows that support business processes,” said Zalak Shah, research analyst at Gartner.