Cloud is the engine of enterprise technology innovation, it has evolved beyond basic SaaS, IaaS, and PaaS offerings.
According to a latest report by Gartner, Public Cloud Services in India will reach $1.8 Billion by the end of 2017. The public cloud services market in India is projected to grow 38 percent in 2017. It is also estimated that by the end of 2018, the figures will reach $2.5 billion.
At the 11th edition of IDG’s CIO Year Ahead 2018, cloud is one of the five important themes, which will be instrumental in deciding the IT roadmap of the future.
The growth in the cloud space can be seen by the development of cloud-ready and cloud-native applications. The increase of SaaS (software as a service) and PaaS (platform as a service) are indicators to the increasing migration of application and workloads from on-premises datacenters to the cloud.
“We see increased cloud growth in the infrastructure compute services space as adoption becomes increasingly mainstream,” said Sid Nag, research director at Gartner. “This has been predicted for a while, and the momentum continues to sustain in 2017 eventually plateauing through 2020 as the market further matures.”
“Additional demand from the migration of infrastructure to the cloud, as well as increased demand from compute-intensive workloads, both in enterprise and startup space, is driving this growth,” said Mr. Nag.
Despite the breaches and threats, companies are not adopting appropriate governance and security measures to protect sensitive data in the cloud.
CIO Year Ahead 2018 will discuss the latest trends, and roadmap for IT organizations adopting cloud services.