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India: An attractive market for cloud computing

Aparna Dutt Sharma, Chief Executive Officer, IBEF

May 13, 2013 17:47

The rapid changes in the domestic information technology (IT) market have paved way for related segments to grow exponentially over the past few years. The public cloud services market in India is expected to touch US$ 443 million in 2013, growing by 36 per cent from US$ 326 million in 2012. Infrastructure as a Service (IaaS) continues to be the fastest growing segment of the public cloud services market in India at US$ 43.1 million in 2012. The segment is expected to grow 39.6 per cent in 2013 to US$ 60.2 million. Software as a Service (SaaS), however, continues to be the largest segment of the cloud services market in India, accounting for 36 per cent of the total market in 2012.

It is expected that US$ 4.2 billion will be spent on cloud services in India from 2013 till 2017. With more and more people willing to take the entrepreneurial plunge and overall rise in IT spending by Indian firms, it opens a wide playfield for the companies offering cloud computing solutions in the Indian market.