Public cloud services market in India is forecast to grow 36% in 2013 to total $443 million, research firm Gartner on Monday said.
Cloud computing facilitates sharing of technological resources, software and digital information. It operates on a pay-per-use model, helping companies to cut costs as they do not have to invest heavily in infrastructure.
The public cloud services market stood at $ 326 million in 2012, Gartner said in a statement.
Infrastructure as a service (IaaS), including cloud compute, storage and print services, which was the fastest-growing segment, grew 22.7% in 2012 to $ 43.1 million.
It's expected to further grow 39.6% in 2013 to $ 60.2 million, Gartner said.
Software as a service (SaaS), which is the largest segment of the cloud services market in India, comprised 36% of the total market in 2012.
Gartner expects that from 2013 through 2017, $ 4.2 billion will be spent on cloud services in India, of which $ 1.6 billion will be spent on SaaS.
"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," Gartner Research Director Ed Anderson said.
Evidence of this growth is found in the increasing demand for cloud services from end-user organisations, met by an increased supply of cloud services from suppliers, he added.
Gartner said strong demand is anticipated for all types of cloud services offerings.
The cloud business process services segment (BPaaS) is the second-largest market segment after SaaS, comprising 23% of the total market in 2012 in India.
This is followed by cloud infrastructure services at 13%, cloud advertising services at 12%, cloud management and security services at 11%, and cloud application infrastructure services (platform as a service [PaaS]) at 5%.
In general, emerging markets in Asia/Pacific, Latin America, Eastern Europe, the Middle East and North Africa show the highest growth rates, while representing the smallest overall markets.
China is the exception, being both a large and growing market. Similarly, the mature markets of North America, Western Europe, Japan and the mature Asia/Pacific countries constitute the larger, but slower-growth, markets.