The Indian Public Cloud Services Revenue is projected to a total $2.4 billion in 2019 an increase of 24.3 percent from 2018, a new report by Gartner said on Tuesday. Although the Indias revenue will only represent 1.2 percent of the global public Cloud services in 2019, the country ranks among the nine nations whose growth rate will be higher than the global average growth rate.
India is also on pace to record third-highest growth rate in 2019 after China (33 percent) and Indonesia (29 percent), taking into consideration that their the revenue base is much smaller than those of mature markets. “The shift from ‘cloud first‘ to a ‘cloud only’ model is pushing organizations in India to increase their spending on the public cloud services to advance their digital business initiatives,” Sid Nag, Research Vice President at Gartner, said in a statement.
“Disinvestments in new data centres are also one of the early signs of this move.” Cloud application services (SaaS) is on pace to be the fastest-growing market segment in India in 2019, accounting for nearly half of total Indian Public Cloud Services Revenue year-over-year (YoY). The move to digital is forcing Indian organizations to increase their spending on security, as digitalizing platforms and networks bring with it heightened exposure to threats and risks.