Private cloud is similar to the public clouds. However, it is dedicated to the needs and goals of a single organization. Private cloud services are best suited for organizations or businesses that have a dynamic and unpredictable computing need. Also, small and medium enterprises are observed to use private-cloud, based on their pricing. Cloud services can be priced on the basis of subscription or pay-per-use. The global private cloud services market is likely to expand at a fast pace over the forecast period. As per Market Research Future, the global private cloud services market is estimated to witness a robust CAGR of 21% over the forecast period.
There are several factors that are contributing to the ascension of the global private cloud services market including the impact of the growth of cloud computing technologies and the demand for low cost and secured IT operations. Furthermore, increasing cloud adoption across various end-user industries has contributed to the ascension of the global private cloud services market growth. Apart from this, an increasing inclination towards cloud services for secured data is supplementing market growth during the assessment period. rising adoption of cloud-based services among small and medium enterprises has led the private cloud services market to upscale at a fast pace over the forecast period. However, lack of technical expertise and a high level of initial investment are expected to slow down to the global private cloud services market over the forecast period. The global private cloud services market is likely to garner a market revenue valuation of USD 13 billion.
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The global private cloud services market is segmented by services, organization size, industry, and region. Based on services, the global private cloud services market is segmented into software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (Iaas). Based on organization size, the global private cloud services market is segmented into small and medium enterprises, and large enterprises. Based on industry, the global private cloud services market is segmented into information technology and telecommunication, government, education, healthcare, banking and financial services, retail, manufacturing, and media and entertainment.
Some prominent players in the global private cloud services market include Cisco Systems, Inc (U.S.), Dell Inc (U.S.), Hewlett Packard Enterprise Company (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Rackspace Inc (U.S.), Red Hat, Inc (U.S.) Salesforce.com, Inc (U.S.), Amazon Web Services (U.S.)
Detailed Regional Analysis
The global Private Cloud Services Market is segmented into the regions of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is at the fore of the global private cloud services market. This market dominion can be accredited to the presence of several diversified companies in the information and technology industry. The US and Canada are expected to emerge as prospective country-specific market leaders over the forecast period. In addition, a high population of early adopters of the cloud services across the region has also provided great impetus to the market for growth.
On the other hand, Asia Pacific is regarded as one of the fastest growing regional markets for private cloud services over the globe. Europe is estimated to follow the APAC private cloud services market over the forecast period. The region is likely to take up the third largest share of the global private cloud services market due to many large enterprises expanding operations in the region. Asia Pacific is also witnessing investments and start of operations from various multinational enterprises due to lower cost of labor and raw materials. Additionally, India and China have started becoming hubs for IT services, which is also propagating impressive growth in the region.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Private Cloud Services Market: By Region, 2017-2023
Table3 North America Private Cloud Services Market: By Country, 2017-2023
Table4 Europe Private Cloud Services Market: By Country, 2017-2023
Table5 Asia-Pacific Private Cloud Services Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Private Cloud Services Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Private Cloud Services Market
FIGURE 4 Value Chain Of Global Private Cloud Services Market
FIGURE 5 Share Of Global Private Cloud Services Market In 2017, By Country (In %)
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