Private Cloud Market: Global Industry Analysis And Forecast (2022-2029)

Private Cloud Market size was valued at US$ 65.98 Bn. in 2021 and the total Private Cloud revenue is expected to grow at 29.7% from 2022 to 2029, reaching nearly US$ 528.36 Bn.

Private Cloud Market Overview:

The private cloud is defined as computer services provided through the Internet or a private internal network to a limited number of customers rather than the wider public. Private cloud computing, also known as internal or corporate cloud computing, offers businesses many of the advantages of public cloud computing, such as self-service, scalability, and elasticity, as well as the increased regulation and customization offered by dedicated resources over an on-premises cloud computing. Moreover, private clouds provide greater security and privacy by utilizing both business firewalls and internal hosting to guarantee that operations and sensitive data are not accessible to third-party providers. Private Cloud Market To know about the Research Methodology :- Request Free Sample Report This MMR report includes major inventions based on the Private Cloud market and recommendations for the investor based on a thorough examination of the market's contemporary competitive scenario. The study investigates the market's drivers, limitations, prospects, and barriers. The report explores the market's segments by Service Model, Deployment Model, Organization Size, Verticals, and Region. The data provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020.

Private Cloud Market Dynamics:

Reduced infrastructure and storage costs increase the return on investment for an organization. As Organizations are more concerned about the investment and ongoing expenses of hosting data on-premises. Nonetheless, power prices, labor expenses, and downtime difficulties are a few other challenges for businesses. The current competitive environment and global economic conditions have pushed the adoption of cost-effective ways to reorganize company strategies. Another factor driving the popularity of cloud computing services is the rising movement of organizations toward the adoption of digital transformation and the advancement of customer satisfaction. Additionally, the cloud provides the pay-as-you-go model, which allows organizations to pay for cloud services based on their utilization, resulting in lower expenses. Because of advantages such as on-demand availability and low cost, startups and SMEs are rapidly turning to cloud services. Moreover, they allow staff to focus on other business-critical responsibilities. These incentives encourage organizations to quickly adopt cloud computing services. Management of regulatory and compliance policy requirements restraining the market growth. Due to changing organizational priorities, increasing security breaches and cyber-attacks, and expanding data security concerns, the necessity for addressing regulatory and compliance standards has steadily increased in recent years. Moreover, organizations must seek to remain in the market by taking steps to fulfill regulatory requirements and avoid financial penalties, avoid customer and market losses, and avoid legal action. Increased use of hybrid cloud services is a key opportunity for the Private Cloud Market. Enterprises with current infrastructure are shifting toward cloud computing services and are prepared to use a hybrid strategy to gain more benefits from both on-premises and cloud services. SMEs are mainly adopting cloud computing services due to significant benefits such as no initial infrastructure setup expenses and on-demand computing availability of services. These factors are driving the growth of hybrid cloud services in organizations. The hybrid cloud provides improved workload management, greater confidentiality and availability, and efficient integration within DevOps teams. It also provides the freedom to transition from on-premises to cloud or across clouds, as well as the scalability necessary to establish a competitive advantage over other organizations. These considerations are increasing the potential for hybrid CSP. The major challenge for the market is Cyberattacks which disrupt business operations and significant data loss. Cloud computing services encourage companies in increasing company efficiency and lowering expenses. Additionally, these services provide several benefits, such as versatility, scalability, and mobility. Although the cloud provides several benefits and security precautions, data stored in the cloud is still vulnerable to hackers. The number of cyberattacks is continually increasing as the volume of data grows and organizational ambitions toward digital transformation expand. Cyber-attacks such as Spectre and Meltdown, as well as cloud Trojan injection attacks, account or service hijacking, and man-in-the-cloud assaults, expose company data to vulnerabilities. These risks have the potential to cause corporate losses and shutdowns.

Private Cloud Market Segment Analysis:

By Organization Type, The large enterprise segment dominates the market at the end of the forecast period. Large enterprises' main priorities are data security and reliability. As a result, large enterprises frequently demand secure and dependable services. Due to this, major enterprises prefer private cloud server solutions in particular. Private cloud services may benefit both small and medium-sized businesses and large corporations in improving their business operations. A private cloud server provides advantages such as cheaper operational expenses, pay-per-usage choices, and products suited to the needs of the organization. As a result, market participants are aggressively promoting small and medium-sized businesses to install private clouds. They specialize in scalable infrastructure and low-cost services that are appropriate for small and medium-sized businesses. Private cloud server solutions are becoming increasingly popular among small and medium-sized enterprises since they enable them to leverage 24x7 help while eliminating the need to engage a dedicated IT professional. Private Cloud Market By Verticals, The banking industry is gaining importance in the private cloud market, due to the rising customer concerns in this vertical and expected to dominate the market at the end of the forecast period. Cloud computing helps clients in simplifying transactions at any time and from any location, resulting in less work and time for customers to finish the procedure. Additionally, cloud computing services enable BFSI suppliers to focus more on the customer-centric approach by establishing a multi-channel contact with clients at each stage of service delivery. These causes are causing an increase in the use of cloud computing services in the industry. The BFSI vertical is rapidly introducing digitalization operations to fulfill growing consumer demands and maintain a competitive edge. BFSI firms deal with vast amounts of data that must be processed, stored, and replicated repeatedly. Financial service providers must address critical challenges such as data storage, recovery, and cybersecurity. VPC solutions are ready-to-use solutions that deliver the benefits of a private cloud on a public cloud platform.

Private Cloud Market Regional Insights:

The North American regional market dominated the global private cloud market in 2021 with a market share of xx% and is expected to continue its dominance at the end of the forecast period. Because of the region's enormous technical advances and economic progress. Shifting expectations caused by an increase in social lives influence how businesses are managed to attract the broadest potential audience. Additionally, due to the massive increasing amounts of transactions and data at these enterprises, the United States and Canada have taken the lead in the installation of private cloud server solutions. Leading firms in North America have been seen to be leveraging their spending capacity and increasing their IT infrastructure investment to choose hosted services, consequently enhancing regional demand growth. Private Cloud Market The Asia Pacific regional market is expected to hold the highest CAGR of xx% at the end of the forecast period. Small and medium-sized businesses in Asia Pacific regions have identified the potential benefits of using private cloud server solutions for a variety of business processes. Governments in countries like India and China are emphasising the need of promoting innovation and adopting hosted technologies on a greater scale to develop a contemporary and technology-driven society. Such attempts to boost hosted deployment are driving the Asia Pacific regional market's rapid growth. The objective of the report is to present a comprehensive analysis of the Private Cloud market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Private Cloud market dynamics, and structure by analyzing the market segments and projecting the Private Cloud market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Private Cloud market make the report investor’s guide.

Private Cloud Market Scope: Inquire before buying

Global Private Cloud Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 65.98 Bn.
Forecast Period 2022 to 2029 CAGR: 29.7 % Market Size in 2029: US $ 528.36 Bn.
Segments Covered: by Service Model • Infrastructure as a Service (IaaS) • Platform as a Service (PaaS) • Software as a service (SaaS)
by Deployment Model • Public cloud • Private cloud
by Organization Size • Small and Medium-sized Enterprises (SMEs) • Large Enterprises
by Verticals • Banking, Financial Services, and Insurance (BFSI) • Telecommunications • IT and ITeS • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others (education, travel and hospitality, and transportation and logistics)

Private Cloud Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Private Cloud Market Key Players

• AWS • Cisco • Dell • Google • HPE • IBM • Microsoft • OpenStack • SAP • VMware • Stripe • Databricks • HashiCorp • Toast • Plaid • Figma • ServiceTitan • Checkout.com FAQs: 1. Which is the potential market for the Private Cloud in terms of the region? Ans. North America is the potential market for the Private Cloud in terms of the region. 2. What are the opportunities for new market entrants? Ans. Increased use of hybrid cloud services is a key opportunity for the Private Cloud Market. 3. What is expected to drive the growth of the Private Cloud market in the forecast period? Ans. Reduced infrastructure and storage costs increase the return on investment for an organization and drive market growth. 4. What is the projected market size & growth rate of the Private Cloud Market? Ans. Private Cloud Market size was valued at US$ 65.98 Bn. in 2021 and the total Private Cloud revenue is expected to grow at 29.7% from 2022 to 2029, reaching nearly US$ 528.36 Bn. 5. What segments are covered in the Private Cloud Market report? Ans. The segments covered in the Private Cloud Market are Service Model, Deployment Model, Organization Size, Verticals, and Region.
1. Global Private Cloud Market: Research Methodology 2. Global Private Cloud Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Private Cloud Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Private Cloud Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Private Cloud Market Segmentation 4.1 Global Private Cloud Market, by Service Model (2021-2029) • Infrastructure as a Service (IaaS) • Platform as a Service (PaaS) • Software as a service (SaaS) 4.2 Global Private Cloud Market, by Organization Size (2021-2029) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 4.3 Global Private Cloud Market, by Deployment Model (2021-2029) • Public cloud • Private cloud 4.4 Global Private Cloud Market, by Verticals (2021-2029) • Banking, Financial Services, and Insurance (BFSI) • Telecommunications • IT and ITeS • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others (education, travel and hospitality, and transportation and logistics) 5. North America Private Cloud Market(2021-2029) 5.1 North America Private Cloud Market, by Service Model (2021-2029) • Infrastructure as a Service (IaaS) • Platform as a Service (PaaS) • Software as a service (SaaS) 5.2 North America Private Cloud Market, by Organization Size (2021-2029) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 5.3 North America Private Cloud Market, by Deployment Model (2021-2029) • Public cloud • Private cloud 5.4 North America Private Cloud Market, by Verticals (2021-2029) • Banking, Financial Services, and Insurance (BFSI) • Telecommunications • IT and ITeS • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others (education, travel and hospitality, and transportation and logistics) 5.5 North America Private Cloud Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Private Cloud Market (2021-2029) 6.1. European Private Cloud Market, by Service Model (2021-2029) 6.2. European Private Cloud Market, by Organization Size (2021-2029) 6.3. European Private Cloud Market, by Deployment Model (2021-2029) 6.4. European Private Cloud Market, by Verticals (2021-2029) 6.5. European Private Cloud Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Private Cloud Market (2021-2029) 7.1. Asia Pacific Private Cloud Market, by Service Model (2021-2029) 7.2. Asia Pacific Private Cloud Market, by Organization Size (2021-2029) 7.3. Asia Pacific Private Cloud Market, by Deployment Model (2021-2029) 7.4. Asia Pacific Private Cloud Market, by Verticals (2021-2029) 7.5. Asia Pacific Private Cloud Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Private Cloud Market (2021-2029) 8.1 Middle East and Africa Private Cloud Market, by Service Model (2021-2029) 8.2. Middle East and Africa Private Cloud Market, by Organization Size (2021-2029) 8.3. Middle East and Africa Private Cloud Market, by Deployment Model (2021-2029) 8.4. Middle East and Africa Private Cloud Market, by Verticals (2021-2029) 8.5. Middle East and Africa Private Cloud Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Private Cloud Market (2021-2029) 9.1. South America Private Cloud Market, by Service Model (2021-2029) 9.2. South America Private Cloud Market, by Organization Size (2021-2029) 9.3. South America Private Cloud Market, by Deployment Model (2021-2029) 9.4. South America Private Cloud Market, by Verticals (2021-2029) 9.5. South America Private Cloud Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 AWS 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Cisco 10.3 Dell 10.4 Google 10.5 HPE 10.6 IBM 10.7 Microsoft 10.8 OpenStack 10.9 SAP 10.10 VMware 10.11 Stripe 10.12 Databricks 10.13 HashiCorp 10.14 Toast 10.15 Plaid 10.16 Figma 10.17 ServiceTitan 10.18 Checkout.com

About This Report

Report ID 24105
Category Information Technology & Telecommunication
Published Date July 2022
Updated Date
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