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Public cloud services revenue to grow to $2.5 billion in 2018, says Gartner

May 10, 2018

According to research firm Gartner, India’s public cloud services revenue is projected to grow by 37.5 per cent to $2.5 billion as an increasing number of organisations move from on-premise data-centres to cloud-based storage services. In 2017, the country’s public cloud services revenue stood at $1.8 billion.

Globally, India’s public cloud services revenue growth rate is the second highest after China. Public cloud is a virtual infrastructure to store data and applications of multiple organisations and make them available through internet.

While software as a service (SaaS) continued to be the largest segment of the public cloud market in India with $694 million revenue in 2017, which is expected to reach $932 million in 2018; Gartner has estimated that the fastest-growing segment of the public cloud market will be infrastructure as a service (IaaS), which is expected to increase by 46 per cent to $1 billion in 2018. IaaS is gaining popularity as a business service since organisations are not interested in building their own data centre infrastructure.

According to Gartner, organisations continue to move toward applications and workloads to the cloud locally, as opposed to running them on-premises. Today, SaaS users are increasingly demanding more purpose-built offerings engineered to deliver specific business outcomes. Further, in regions such as India, pricing would be a major factor in organisations' decision making and selection of public cloud providers.

As per Gartner, even IaaS enables efficiencies and cost benefits and organisations should be cautious about the fact that IaaS providers are potentially gaining unchecked influence over customers and the market. The rapid growth of database platform-as-a-service (dbPaaS), is indicative of organisations in India moving away from traditional on-premises, license-based database consumption models to generally price-competitive cloud-based models.

 
 

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