Public cloud services revenue in India will reach $638 million by the end of 2014, an increase of almost 34 percent, or $161 million over 2013 revenue, according to Gartner analysts.
Software as a service will generate $249 million in 2014, an increase of 37 percent over 2013. Spending on infrastructure as a servivce will grow 33 percent to $77 million during the same period.
In 2018, the public cloud market will generate almost $2 billion in revenue.
Some 53 percent of surveyed organizations in India indicate they are using cloud services today, with another 43 percent indicating plans to begin using cloud services in the next 12 months, Gartner says.
Business process as a service (BPaaS) is expected to grow to from $131 million in 2014 to $358 million in 2018.
SaaS is expected to grow to $735 million in 2018, PaaS is forecast to grow to $121 million, and IaaS is forecast to grow to $295 through 2018.