Market value of cloud services in India galloping to new heights
The Indian IT industry is often at the forefront when it comes to accepting new age technological platforms. Cloud computing is no different here, as a recent report from IT research firm Gartner states. Gartner claims that the Indian Cloud Services market is expected to grow to the tune of 32.4 percent in 2012. In terms of financial figures, the market is estimated to grow to nearly $326.2 million.
These figures are huge on a global scale as well. While North American countries continue to be at the top in terms of market value, countries like India and Indonesia are fast catching up according to Research Director Ed Anderson of Gartner.
A major chunk of growth is expected to occur in the Software as a Service (SaaS) segment which is slated to grow to $115.6 million in 2012. This followed by Infrastructure as a Service (IaaS) which will account for nearly $42.7 million in 2012, up from the $35.2 million it scaled, the previous year.
The next big wave of development is expected to happen in the Business Process as a Service (BPaaS) segment thanks to the influx of cloud based advertising as a dominant sub segment. Based on stats, the BPaaS sector is expected to breach the benchmark century milestone and reach a whopping $112.1 million in 2012, far better than the $90.3 million it clocked in 2011.
Since cloud computing makes it easier for enterprises to use software applications, utility tools and other software and hardware infrastructural services on a Pay and Use basis, this trend of market appreciation of cloud services is touted to continue into the future.
With an eye for detail and perfection in everything we do, Suyati Technologies would be at the forefront of this trend, making sure that our customers are provided with the apt cloud service available for their business needs. To know more about our cloud endeavours and the services we provide, contact us today!