Rapid development within the technology industries of China and India has seen considerable investment in their respective cloud markets in recent years. A new study from Gartner finds that the Indian public cloud services market will grow by $176 million to reach $731 million by the end of this year. Increases in demand for off-premise IT solutions has the research firm project that the total market will be worth $1.9 billion by 2019.
China and India have enjoyed considerable growth in recent years, and are expected to continue to grow in the medium term. As part of their rapid development, their technology markets have also been experiencing strong growth. A recent Bain & Company article, for instance, highlights that the total Chinese cloud market (including private and public clouds) will expand to $20 billion by 2020 as a result of the growing shift to cloud-based offerings and solution.
China is not the only emerging economy investing heavily in cloud. According to Gartner, India – while still behind China – will see its public cloud services market expand by $176 million to reach $731 million by the end of this year. The expansion is driven by high growth rates in several key segments, including cloud infrastructure as a service (IaaS), cloud management and security services, and software as a service (SaaS). IaaS is projected to be worth $100 million in 2015, an increase of 33% over the previous year. Cloud management and security is to jump 37% to $82 million, while SaaS is to grow 33% to $302 million.
Demand for cloud services is only expected to continue, according to Gartner’s recent report, titled ‘Forecast Analysis: Public Cloud Services, Worldwide, 2Q15 Update’. The analysts find that 61% of respondents are currently using cloud services, with an additional 31% planning to use cloud by the end of 2015. Like in China, spending on cloud is expected to continue through to 2019 when the market is projected to be worth $1.9 billion.
"The forecast for cloud services vary based on local factors, including supply and demand within the local markets, country-specific economic conditions, currency exchange rates, and other global market factors," says Sid Nag, Research Director at Gartner. "The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers."