As per a report from by IT consultancy Gartner market for public cloud services in India is expected to grow by 35.9% to reach $1.3bn.Gartner also added that it is the cloud system infrastructure services (IaaS) from where the highest growth is expected to come, which is projected to experience a growth rate of 45.5% in 2016.Following the (IaaS) in growth is platform as a service (PaaS) with a predicted growth rate of a 33.5%.
As per a statement given by Sid Nag, research director at Gartner “The overall global public cloud market will mature, and its growth rate will slightly slow down from 17.2 percent in 2016 to a 15.2 percent increase in 2020,”
Adding to this discussion he said that with intensified and increased IaaS activity from buyers, users will get more of the capital invested, a regular enhancement to the performance, more storage and more memory for same price driving increase in consumption. Apart from this it will also help in increased automation of traditional IT outsourcing delivery.
He said with maturing PaaS offerings and consolidation of the competitive landscape it is certain that more organizations will opt for expansion of their PaaS adoption as an important element to their cloud strategy, and more specific to their SaaS deployments
He also mentioned that there are Brexit and some other growth challenges that prevail but there are segments like financial SaaS applications and the PaaS user markets that according to him will experience growth through the year 2020.
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Madhurima Goyal, From ITvoir News Desk