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According to the global research firm Gartner, global cloud services market is expected to be worth about $111 billion in 2012.
Gartner identifies cloud services market as a high-growth sector within the overall information technology marketplace. It suggests that the key to taking advantage of the growing cloud services market is in understanding the nuances of the opportunity within service segments and geographic regions, to prioritise investments in line with the opportunities.
Gartner identifies Software as a service (SaaS) as the largest segment and forecasts it to grow to $115.6 million in 2012. Infrastructure as a service (IaaS) is expected to grow from $35.2 million in 2011 to $42.7 million in 2012.
The research firm further says that the business process services or business process as a service (BPaaS) is the next-largest segment primarily because of the inclusion of cloud advertising as a sub-segment. BPaaS market is expected to increase from $90.3 million in 2011 to $112.1 million in 2012.
According to Gartner, the public cloud services market in India is going register a growth of 32.4 per cent to reach $326.2 million in 2012.
The research firm says by 2016, cloud computing services will become the largest single segment within the public cloud services market in India growing to $140.8 million, and will account for about 14 per cent of the total public cloud services spending in the country.
The growth in PaaS services will also be high, though as of now it is a small market compared to other segments. Gartner identifies PaaS as a critical growth driver for other segments, including BPaaS and SaaS.
The PaaS segment In India is estimated to grow to $15.7 million in 2012. As per Gartner, cloud management and security services constitute a new forecast segment comprising cloud security services, IT operations management and storage management (including backup and recovery services). It estimates that the cloud management and security services segment will grow to $40.1 million in 2012.
