Home
Internet
Internet News
Cloud services market to surpass $326 million in 2012: Gartner

Cloud services market to surpass $326 million in 2012: Gartner

By Press Trust of India | Updated: 8 October 2012 14:42 IST

The cloud services market in India is projected to grow 32.4 percent in 2012 to total $326.2 million (about Rs. 1,665 crore), according to IT research and advisory firm Gartner.

Software as a service (SaaS) is the largest segment and is forecast to grow to $115.6 million in 2012, while infrastructure as a service (IaaS) is estimated to grow from $35.2 million in 2011 to $42.7 million in 2012, it said.

Cloud computing enables companies to use software, applications and various services on pay-per-use basis, without the need to set up and own IT infrastructure.

Business process services also known as business process as a service, or BPaaS, is the next-largest segment primarily because of the inclusion of cloud advertising as a sub-segment, it said.

BPaaS is forecast to grow to $112.1 million in 2012, up from $90.3 million in 2011, it said, adding cloud compute services will become the largest single segment within the public cloud services market in India growing to $140.8 million, and accounting for about 14 percent of total public cloud services spending in the next four years.

Worldwide public cloud services revenue is on pace to total $111 billion this year, it added.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.