Booming cloud services business in India expected to hit $556 million in 2014
April 29, 2014
Grazed from AmericanBazaar. Author: Deepak Chitnis.
The value of the cloud services market in India is expected to hit a record high of over $556 million by the end of 2014. Growth for the year is projected at 32.2%, which will see India’s cloud sector rise from $421 million in 2013 to $556.8 this year, an increase of $135.8 million. This rapid rate of increase is expected to hold for the next few years, and by 2018, the Indian cloud services market could hit a staggering $1.7 billion in total worth.
The information comes from Gartner, a technology research firm based in Stamford, Connecticut. Their numbers also indicate that Infrastructure-as-a-Service (IaaS) will experience a large amount of growth in India, growing from $58 million last year to $78 million this year (a difference of $20 million, or 34.5%)…
IaaS is a component of cloud computing, and deals with virtual machines and servers that store the data for cloud-based networks. As cloud services grows, so will IaaS, according to projections, which will hit around $317 million by 2018. Related components – such as Business Process-as-a-Service (BPaaS) and Software-as-a-Service (SaaS) – will expand, too…
Read more from the source @ http://www.americanbazaaronline.com/2014/04/29/booming-cloud-services-business-india-expected-hit-556-million-2014/
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