The public cloud services market in India is projected to grow 30.4 percent this year to reach $1.26 billion, market research firm Gartner said on Thursday. The highest growth will come from the cloud system infrastructure-as-a-service (IaaS) which is projected to grow 32.5 percent in 2016 while platform-as-a-service (PaaS) is projected to grow 31.7 percent to $82.1 million. Also Read - Ola to offer free oxygen concentrators to the needyAlso Read - Samsung Galaxy S20 FE Long-term Review
We are witnessing a shift from the legacy IT services to cloud-based services. Cloud services are growing due to organisations pursuing a digital business strategy, said Sid Nag, research director at Gartner, in a statement.
The IaaS segment will remain the fastest growing segment in 2016. IaaS continues to be the strongest-growing segment as enterprises move away from data center build-outs and move their infrastructure needs to the public cloud,” Nag added.
Recently Gatner’s report which said even though there was a rapid growth in the platform as a service (PaaS) segment globally, leading companies in the cloud business failed to capitalize on this. Worldwide application infrastructure and middleware (AIM) software revenue totalled $23.9 billion in 2015 a 0.1 percent increase from 2014, the report added. The PaaS segment showed the most impressive growth across the entire enterprise software market, Fabrizio Biscotti, research director at Gartner, said in a statement.