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Mumbai, India, October 9, 2014

Gartner Says Indian Public Cloud Services Market Will Reach $638 Million In 2014

Analysts Will Examine Top Technology Trends at Gartner Symposium

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 inc. Public cloud services revenue is driven by high rates of growth in key market segments, namely cloud infrastructure as a service (IaaS) and software as a service (SaaS), two of the largest segments in the public cloud services market. Spending on SaaS will total $249 million in 2014, an increase of 37 percent over last year. Spending on IaaS will grow 33 percent to $77 million during the same period.

 Gartner predicts continuing high rates of spending on cloud services in India through 2018 when the market is expected to reach almost $2 billion.

“The expanding use of information technology in India, coupled with aggressive adoption of cloud services, makes India a rich market for cloud services growth,” said Ed Anderson, research vice president at Gartner. “Organizations in India see cloud services as a means to develop new applications and support a more effective use of IT budgets.”

According to Gartner’s latest cloud adoption survey, organizations in India demonstrate a preference for public cloud services beyond most other countries. 53 percent of 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.

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.

Mr. Anderson said the growth of cloud services varies by country and specific cloud service type. The Indian market is unique in that demand is consistently high for all types of cloud services.

Additional information is available in the report "Forecast: Public Cloud Services, Worldwide, 2012-2018, 3Q14 Update." The report is available on Gartner's website at http://www.gartner.com/document/2858118.

About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the world's most important gathering of CIOs and other senior IT executives. This event delivers independent and objective content with the authority of the world's leading IT research and advisory organization, and provides access to the latest solutions from key technology providers. Gartner's annual Symposium/ITxpo events are key components of attendees' annual planning efforts. IT executives rely on these events to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency.

Additional information for Gartner Symposium/ITxpo 2014 in Goa, October 14-17, is available at www.gartner.com/in/symposium. Members of the media can register for the event by contacting Sony Shetty at sony.shetty@gartner.com.

Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSYM.

Upcoming dates and locations for Gartner Symposium/ITxpo include:

October 14-17, Goa, India: www.gartner.com/in/symposium

October 27-30, Sao Paulo, Brazil: www.gartner.com/br/symposium

October 28-30, Tokyo, Japan: www.gartner.com/jp/symposium

November 9-13, Barcelona, Spain: www.gartner.com/eu/symposium

November 17-20, Gold Coast, Australia: www.gartner.com/au/symposium

About Gartner

Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow.

Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

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