Indian SMB market for cloud services to grow 42 bn by 2016

Parallel says Indian SMB market for the cloud services estimated at 17 bn, and is expected to grow 35% y-o-y. The adoption of cloud services among Indian SMBs continues to grow rapidly as more service providers are fully equipped to launching and managing new services to meet the growing needs of the country's burgeoning SMBs. This was announced by Parallels, the hosting and cloud services enabler, at World Hosting Days India in Mumbai.

According to the latest Parallels SMB Cloud Insights research for India, the Indian SMB market for the cloud services estimated at 17 bn ($339 mn), and is expected to grow 35% y-o-y for the next 3 years, reaching 42 bn ($839 mn) by the beginning of 2016.

To meet the growing demand of cloud services by SMBs, service providers need to be able to grow and scale. To this end, Parallels recently released Parallels Plesk Automation, which is a scalable, multi-server automation solution enabling a seamless growth path for Parallels Plesk Panel customers to scale to thousands of servers and a wide range of services.

Another opportunity for huge growth and opportunity for Indian service providers is to offer SMB customers easy-to-consume hosted infrastructure (Infrastructure as a Service), which includes cloud servers and storage. Parallels predicts continued steady growth in IaaS across all size segments of Indian SMBs-especially as more SMBs gain access to the Internet, with a compound annual growth rate (CAGR) of 30% through 2016 to become a 17.2 bn (US$344 mn) market.

To address this opportunity for service providers, Parallels has launched two integrated products, which have been adopted by service providers globally: Parallels Cloud Storage which it says drastically reduces the cost of high-availability, high-performance storage, and Parallels Cloud Server makes it easy to offer all cloud infrastructure services customers want.