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Cloud services in India expected to reach One billion in 2016

The cloud services market in India is forecasted to grow 30.4 per cent this year to reach $1.26 billion, market research firms recently said:

The highest growth will come from the cloud system infrastructure-as-a-service (IaaS) which is projected to grow 32.5 per cent in 2016 while platform-as-a-service (PaaS) is forecasted to grow 31.7 per cent to $82.1 million.

“We are witnessing a shift from the legacy IT services to cloud-based services. Cloud services are growing due to organisations pursuing a digital business strategy,” said Sid Nag, research director at a Market firm, in a statement.

The IaaS segment will once again remain the fastest growing segment of IT services in 2016.


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