The revenue of public cloud services in India is expected to reach $2.5 billion this year, up 37.5% from a year before, according to Gartner. In 2017, the public cloud revenue in India was $1.8 billion.
“While the public cloud revenue market in India exhibits solid growth in 2018, the growth rate is expected to flatten, which is indicative of a maturing market,” said Sid Nag, research director at Gartner.
Public cloud is divided into five segments: Business Process as a Service (BPaaS), Platform as a Service (PaaS), Software as a Service (SaaS), Cloud Management and Security Services, and Infrastructure as a Service (IaaS).
The revenue growth of public cloud services will majorly be driven by the IaaS segment, which is expected to reach $1 billion in 2018, up 46% from 2017. The growth in IaaS segment is being driven by enterprises refraining from using data center build-outs and consolidation among data center vendors.
“While IaaS enables efficiencies and cost benefits, organizations need to be cautious about IaaS providers potentially gaining unchecked influence over customers and the market,” said Mr. Nag. “In response to multicloud adoption trends, organizations in India are also increasingly demanding a simpler way to move workloads, applications and data, across cloud providers’ IaaS offerings without penalties.”
SaaS, the largest segment of Indian public cloud market in 2017, is predicted to reach $932 million this year, up 34% from last year. Gartner said that organizations would continue to move toward applications and workloads to cloud locally, as opposed to running them on-premises. The demand for purpose-built services to deliver specific business outcomes is rapidly increasing.
Whereas, the PaaS segment will reach $191 million in 2018, up from $143 million in 2017. Within this segment, particularly the database PaaS (dbPaaS) is forecasted to total $32 million this year, an increase of 50% from a year before.
Gartner said that the growth in dbPaaS segment presents an opportunity for hyperscale cloud providers to include it in their services to increase customers.
Gartner will share additional analysis on data center and IT operations trends at Gartner global IT Infrastructure & Operations events.