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Private Cloud Services Market By Deployment Model (On-premise Private Cloud, Hosted Private Cloud), By Service (SaaS, IaaS, PaaS), By Industry Vertical (BFSI, IT & Telecom, Healthcare, Government, Manufacturing, Retail, Media & Entertainment) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Increasing Data Security Concerns and Convenient Service Models to Ensure Rapid Growth in the Private Cloud Services Market

The global private cloud services market is expected to grow at a CAGR of 18.9% from 2019 to 2027, with a starting value of US$ 36.72 billion in 2018. Overall, the cloud services sector worldwide has witnessed tremendous growth over the past few years, with a growth rate of more than 20% every year. Of these, private cloud spending has been growing at a rate of over 25% year over year for the past five years.

Various organizations worldwide have increased their spending on private cloud computing due to higher security, a convenient deployment model, and total control and ownership of the setup. Nevertheless, higher costs and the predominant existence of public cloud services are the major factors hampering the private cloud services market's growth.

Market Synopsis

SaaS to Continue Dominating the Market

In 2018, the overall private cloud services market was led by the SaaS segment, which contributed over 40% of the total revenue generated worldwide. The segment was followed by the IaaS segment, with "Storage-as-a-Service" gaining rapid traction across the globe.

Further, based on the deployment model, the market was led by the hosted private cloud segment. In the following years, on-premise private cloud (a newer deployment of private cloud) is expected to register higher growth in the market. The growth is attributed to increasing enterprise demand for enhanced control over the cloud infrastructure.

Asia Pacific to Register the Fastest Growth

The private cloud services market is led by North America. In 2018, the regional market accounted for nearly 45% of the total revenue generated worldwide. The market is primarily backed by the U.S., which has the highest spending on cloud services across the globe. The U.S. is among the earliest adopters of cloud services and is home to numerous major cloud service providers.

Subsequently, the benefits of private cloud are well understood by the enterprises here, leading to higher penetration. Europe follows North America with major regional markets, including the U.K., Germany, Italy, France, and the Nordic countries. Asia Pacific is set to register the highest growth in the market during the forecast period. The region's rapidly growing data generation, data analytics, IoT, and artificial intelligence are major factors driving the market growth.

Some of the prominent players operating in the private cloud services market include Amazon Web Services, Cisco Systems, Inc., Dell EMC, Google LLC, HPE Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace, Inc., Red Hat, Inc., Salesforce.com, Inc., and VMware, Inc., among others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The private cloud services market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global private cloud services market based on service type, deployment model, industry vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of private cloud services in 2018 and the forecast up to 2027?
  • Which is the largest regional market for private cloud services?
  • What are the major trends followed in overall private cloud services across different regions?
  • Who are the key private cloud services companies leading the market?
  • What are the key strategies adopted by the leading private cloud services companies in the market?

This report's distinct data points

  • Statistics on cloud service penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of private cloud services across various applications
  • Notable developments are going on in the cloud industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Private Cloud Services Market is expected to reach USD$ 36.72 Bn in 2027.

The Private Cloud Services Market is expected to see significant CAGR growth over the coming years, at 18.9%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Cisco Systems, Inc., Dell EMC, Google LLC, HPE Company, IBM Corporation, Microsoft Corporation, Oracle Corporation. are some of the major players in the global market.

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Godaddy
Published Date:  Jun 2019
Category:  Technology & Media
Report ID:   59715
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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