India public cloud to cross $1bn in 2016: Zinnov

September 18, 2016

cl9India’s public cloud market is likely to cross the $1 billion mark in 2016 and will see a growth of over 34 per cent compounded annual growth rate to become a $3.9-4 billion market by 2020.
A study titled, “Indian Public Cloud Market Landscape”, by Zinnov, a management consulting firm, said India continues to be a prominent market for cloud technology adoption.
With multiple growth drivers like investments in local data centres, maturing channel partner ecosystem, and rapidly growing developer ecosystem, cloud spending will continue to dominate the market landscape and cross the $10 billion mark by 2020, including both public & private cloud spending.
Praveen Bhadada, Partner & Practice Head, Zinnov said, “Cloud market will present a $10 billion opportunity by 2020 and positions India as a strategic market for global cloud vendors.”
He added:”We expect technology companies to continue to make investments in innovative go-to-market strategies and partnerships to tap this huge opportunity. We will see at least 15-20 top global cloud companies to enter India market in a big way in the next 12 months.”
At $2.6-2.8 billion, Software-as-a-Service (SaaS) will continue to be the biggest spend category within public cloud followed by Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) cumulatively accounting for $1.2 billion by 2020.
While the mature enterprise ecosystem is driving significant demand, the vibrant SMB/ start-up landscape and government initiatives are indeed bound to increase the public cloud consumption going forward, said the Zinnov report.

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