Global Private Cloud Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Private cloud services, like Software as a Service, Platform as a Service, and Infrastructure as a Service, are offered by noticeable cloud service providers, like Cisco Systems, Inc., Dell Inc., HP Inc., IBM Corporation, Microsoft Corporation, and others, to manage, host, and maintain all types of cloud services in private deployment model. Private cloud services are providing easy access to servers, networks, and storage for all user types that includes large enterprises and SME’s. The Global private cloud services market is estimated to witness a significant growth rate, owing to the rising ICT expenditure by the government of various developed and developing regions.
The banking, financial services, and insurance (BFSI) segment have witnessed great demand in the global private cloud services market in 2017 because of data security over increasing customer base and internet user. Additionally, less investment in new hardware and a pay-as-you-go deployment model in the private cloud are fueling the growth of the market during the forecast period. Also, government & education, and healthcare segments have witnessed improved adoption of cloud across different regions, due to improved security and improved reliability & scalability of private cloud services.
The product provides constant access to clients and keeps their documents protected which is encouraging organizations to incorporate these services in their business. The Product is having broad application scope in SMEs and is used by major companies like Amazon, Microsoft. An increase in demand for personal cloud solutions and services to synchronize is driving the demand during the forecast period. Better reliability and more control over a wide range of data are fueling the growth of the market.
Installation of software as a service and Technological advancements to address potential security threats is providing a boost to the private cloud market. The use of encrypted files in the private cloud is helping in addressing the cloud-related concern primarily.
Growth in enterprise mobility and security issues overcloud deployment is contributing to the market growth in North America and Europe. Latin America and MEA are estimated to hold less market share in the global private cloud services market as compared to other regions, because of slow ICT spending and slow adoption of private cloud services. Also, the Middle East and Africa are expected to gain grip, but the growth is projected to be constant during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding private cloud market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the private cloud market.
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The Scope of the Global Private Cloud Market: Inquire before buying
Global Private Cloud Market by Type:
• Dedicated private cloud
• Virtual private cloud
Global Private Cloud Market by Delivery Mode:
• Software as a service
• Platform as a service
• Infrastructure as a service
Global Private Cloud Market by Organization Size:
• Large Enterprises
Global Private Cloud Market by Vertical:
• Banking, Financial Services, and Insurance (BFSI)
• Telecommunications and IT
• Energy and resources
• Healthcare and life sciences
• Transport and logistics
• Media and entertainment
Global Private Cloud Market by Geography:
• North America
• Latin America
• Middle East & Africa
Key Players Operated in Global Private Cloud Market
• International Business Machine Corporation
• BMC Software
• Amazon Web Services, Inc.
• VMware, Inc.
• Dell Inc
• Hewlett Packard Enterprise Company
• Red Hat, Inc
• Salesforce.com, Inc
• IBM Corporation
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