India is expected to generate US$443 million in revenues from public cloud services this year, helped by the fast-growing infrastructure-as-a-service (IaaS) segment as companies adopt such offerings for production systems and workloads.
A Gartner study released Monday stated the industry will grow 36 percent from the US$326 million in 2012, and software-as-a-service continues to be the largest segment of the country's cloud services market wth 36 percent.
IaaS, however, is the fastest-growing segment and it is expected to grow 39.6 percent this year to generate US$60.2 million in revenues. This is an increase from the 22.7 percent growth last year to US$43.1 million, it noted.
"The continued growth of the cloud services market will result from the adoption of cloud services for production systems and workloads, in addition to the development and testing scenarios that have led as the most prominent use case for public cloud services to date," said Ed Anderson, research director at Gartner, in the reoprt.
"Evidence of this growth is found in the increasing demand for cloud services from end-user organizations, met by an increased supply of cloud services from suppliers," he added.
On a global scale, Gartner predicted in February the public cloud arena is expected to grow by more than 18 percent this year to become a US$131-billion market.