Report Id: SNS/ICT/2056 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Private Cloud Services Market size was valued at USD 80.28 Bn in 2022 and is expected to reach USD 612.24 Bn by 2030, and grow at a CAGR of 28.91% over the forecast period 2023-2030.
The private cloud is a scalable, trustworthy, and adaptive system of computer services offered to a limited group of users rather than the broader public through the Internet or a private internal network. A private cloud is a server, data center, or distributed network dedicated only to one firm. The main advantage of a private cloud is that users are not required to participate. Because of its anonymity, the cloud technology idea is excellent for organizations with various current demands, particularly those requiring total control of the outcomes, such as surpassing encryption, implementation, or relevant rules.
A private cloud is a remotely situated infrastructure network that is used by a single organization or customer. Organizations can also pick on-premise private cloud, which is more expensive and gives them no physical control over the infrastructure. While utilizing a private network, for example, organizations have a high level of security and control, but the investment in an on-premise cloud infrastructure is significant.
Low-cost, secure IT operations are in high demand.
Increased Cloud Adoption in a Variety of Industry Verticals.
Increased Preference for Private Cloud for Better Data Security.
The services for organizations and corporations are widely available.
The materials may or may not be available to all business venues.
Increasing investment in digital infrastructure by several developing countries.
Several small businesses are investing in cloud services to gain access to more services.
IMPACT OF COVID-19:
The epidemic has posed significant hurdles for cloud services since enterprises have ceased operations and demand has decreased. The government is making significant efforts and measures to resurrect market growth by investing in R&D technologies and technical developments. In the current situation, the government is enforcing tough limitations with severe penalties for violations. The market has a lot to cover up after the covid period, from restricted working hours to casualties tied to supplying consumer demand. Because of these constraints and their consequences, the existing market is losing money. Following the pandemic, the worldwide study for the market has recognized and internationally studied a shift in customer desire and behavior. The market's upcoming trends and drivers, as well as the providers' ability to leverage the services in a way that may enable timely business choices. There are several collaboration and business options. However, the difficulties must be addressed in a priority manner. The research examines the potential and challenges after covid and assists organizations in developing a growth strategy.
The worldwide Private Cloud market is divided into three segments based on delivery mode: software as a service, platform as a service, and infrastructure as a service. In 2021, the Software as a Service sector maintained the biggest market share. SaaS solutions are one of the fastest-growing segments of the IT industry. The software as a service (SaaS) model, which operates on a subscription basis and is centralized on a distant cloud network, is gaining popularity among many businesses for a variety of reasons, including flexibility and simplicity. Software as a service saw the most significant increase. By 2021, practically all businesses will have implemented one or more Software as a Service offerings.
The worldwide Private Cloud market is divided into SMEs and Large Enterprises based on Organization Size. In 2021, the SME category held the highest market share. The program provides clients with continual access to their papers while still keeping them secure, which is encouraging enterprises to utilize it. The product is utilized by huge organizations such as Amazon and Microsoft and has a wide range of applications in SMEs. Demand for personal cloud solutions and synchronization services will boost demand throughout the forecast period. The market is expanding as a result of increased dependability and control over a wide variety of data.
KEY MARKET SEGMENTS:
On The Basis of Services
On The Basis of User Type
On The Basis of Industry Vertical
Banking, Financial Services, and Insurance
IT & Telecom
Government & Education
Media & Entertainment
Energy & Utilities
The market for private cloud services in North America is expanding, and this area accounts for the lion's share of the worldwide private cloud services industry. The Latin American private cloud services market will rise steadily throughout the projected period, owing to the region's increased use of cloud computing. Due to the acceptance of digitalization and different innovations by enterprises in cloud services in countries such as India, the Asia Pacific, excluding Japan, has the greatest potential for the development of private cloud services. Many small and medium-sized businesses would attract many new suppliers in the region, positively impacting global private cloud services.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are BMC Software, Amazon Web Services, Inc, Eucalyptus, Oracle, IBM Corporation, Rackspace, VMware, Inc, Microsoft, Citrix, Hewlett Packard Enterprise Company, Red Hat, Inc
|Market Size in 2022||
US$ 80.28 Bn
|Market Size by 2030||
US$ 612.24 Bn
CAGR of 28.91% From 2023 to 2030
|Report Scope & Coverage||
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
• By Services (SaaS, PaaS, and IaaS)
North America (USA, Canada, Mexico), Europe
BMC Software, Amazon Web Services, Inc, Eucalyptus, Oracle, IBM Corporation, Rackspace, VMware, Inc, Microsoft, Citrix, Hewlett Packard Enterprise Company, Red Hat, Inc
• Low-cost, secure IT operations are in high demand
• Increasing investment in digital infrastructure by several developing countries
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Private Cloud Services market is 2022-2028.
Ans: - Low-cost, secure IT operations are in high demand and increased Cloud Adoption in a Variety of Industry Verticals.
Ans: - The segments covered in the Private Cloud Services Market report for study are On the Basis of Services, User Type, and Industry Vertical.
Ans. The primary growth tactics of Private Cloud Services market participants include merger and acquisition, business expansion, and product launch.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Private Cloud Services Market Segmentation, by Services
9. Private Cloud Services Market Segmentation, by User Type
9.2 Large Enterprises
10. Private Cloud Services Market Segmentation, By Industry Vertical
10.1 Banking, Financial Services, and Insurance
10.2 IT & Telecom
10.3 Government & Education
10.7 Media & Entertainment
10.8 Energy & Utilities
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 BMC Software
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Amazon Web Services, Inc
12.5 IBM Corporation
12.7 VMware, Inc
12.10 Red Hat, Inc
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
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