Public Cloud services market in India to hit $1.9bn in 2017

IANS  |  New Delhi 

The public services market in is projected to hit $1.9 billion in 2017 -- an increase of 42 per cent from 2016, market research firm Gartner said on Thursday.

The highest growth will continue to be driven by Infrastructure-as-a-Service (IaaS) which is projected to grow 42 percent, followed by 33.5 per cent in Platform-as-a-Service (PaaS) and 33.3 per cent in Software-as-a-Service (SaaS).

"Hybrid solutions will continue to drive overall adoption and overall IaaS trajectory at the same rate as past quarters," said Sid Nag, Research Director, Gartner, in a statement.

According to Gartner, the worldwide demand for IaaS will continue with strong growth through 2021, benefiting the related services market such as development, implementation and migration services.

The Integration-Platform-as-a-Service (iPaaS) market will continue to be the fastest growing segment within application integration and middleware (AIM) segment.

While the absolute growth rates for will continue to be strong, the annual growth rates for each segment will decline, the report noted.

The decline indicates the mainstreaming of services in the market for IT spending.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 05 2017. 14:24 IST