About Private Cloud Services
With the growing demand for storage and sharing personal, as well as all the official data and Development in ICT spending by the government in the various regions, will help to fuel the global private cloud service market. The private cloud is very similar to the public clouds but it is particularly dedicated to the requirements and goals of a single enterprise. The private cloud has some progressive benefit including greater control over operations, scalability as well as the higher data security it offers to the end-user organizations. Also, the rising cloud adoption across the various industrial verticals, high demands for low cost and secured IT operations, and an increasing inclination towards cloud services for secured data are some of the key drivers of the global private cloud services market. The COVID-19 pandemic has sent hundreds and millions of students and office workers home worldwide. Work from home has now become the only option for many of the companies. In this period of crisis, the cloud companies have suddenly become the backbone of global virtual learning as well as the collaboration experiments on such a scale which has been never previously experienced. However, the Internet backbone has for long been a lifeline and has reached over half of the world’s population during the year 2019, but without scalable cloud services, the ongoing disaster would have been unimaginably worse. Luckily, the cloud companies are withstanding the pandemic stress-test caused by the unexpected spike in the workloads and waves of new, and inexperienced users. Microsoft has further reported a 775 percent spike in the cloud services demand from the COVID-19. Just 5 companies have therefore captured 70 percent of the revenue in the year 2019 of around USD100 billion of the public cloud market namely Amazon Web Services (AWS), Microsoft Azure, IBM, Google, and Alibaba. As the COVID-19 pandemic continues, with the citizens all across many of the countries have urged to work from home where ever it is possible, it has hence posed as a very unique challenge for both the frontend applications as well as the backend technologies that are supporting them. On a wider front, Google had announced on March 27 that it was driving forward almost more than USD 800 million for some small businesses and having a much wider crisis response. Around USD 250 million would be raised in advertisement grants for the World Health Organization, and a USD 200 million investment fund for NGOs and financial institutions for supporting the SMBs, USD 340 million from the Google Ads credits are available to any of the small business that are having active accounts over the past year, and a USD 20 million towards the Google Cloud credits especially for the academic institutions and researchers. The topmost cloud service providers would resume their spending on the servers in 2020 following a capital expenditure pause by some of them during the last year. Furthermore, the spending on the servers would, therefore, account for 47% of the data center CAPEX during this year. Enterprises would seek to preserve their capital during these uncertain times, and would hence resort to the cloud so as to satisfy the near-term demand for digital services. It is also further expected that the private cloud service providers would need to expand their infrastructure at a restrained pace so as to capture the incremental demand caused by the COVID-19 pandemic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Cisco Systems, Dell, Hewlett Packard Enterprise, International Business Machines, and Microsoft Corporation. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Private Cloud Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems, Inc (United States), Dell Inc (United States), Hewlett Packard Enterprise Company (United States), International Business Machines Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Rackspace Inc (United States), Red Hat, Inc (United States), Salesforce.com, Inc (United States) and Amazon Web Services (Eucalyptus) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are VMware Inc. (United States), Atlantic.Net (United States) and Citrix Systems, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Private Cloud Services market by Type (Dedicated private cloud and Virtual private cloud) and Region.
On the basis of geography, the market of Private Cloud Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Delivery Model, the sub-segment i.e. Software as a Service will boost the Private Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Private Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Type, the sub-segment i.e. SMEs will boost the Private Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Private Cloud Services Equipped with Enhanced Security and Privacy and Increasing Adoption of Serverless Private Cloud Services and Edge Computing
Market Growth Drivers:
Offers Comparatively Enhanced Security and Privacy and Provides Extra Level of Security and Provides Reliability as well as Flexibility in Could Based Applications
Challenges:
Hard to Cope up with Continues Technological Advancements and Complexities in Developing Private Clouds with Minimal Probability of Data Theft
Restraints:
Comparatively Higher Initial Investments required in Establishing Private Clouds and Upward Integration requires Hardware Supports that might Stagnate the Demand
Opportunities:
Rising Infomation Technology Infrastructure across the Developing Economies and Growing Awareness about Highly Secure Digital Databases Across the Globe
Market Leaders and their expansionary development strategies
On April 3, 2019, the largest telecom service provider in India, "Vodafone Idea Limited", is deploying a state-of-the-art, automated multi-cloud network across the country to enable an unmatched experience for its retail and enterprise customers. This partnership has assisted Vodafone Idea to deploy a distributed multi-cloud architecture based on Cisco Network Functions Virtualization Infrastructure (NFVI). This automated solution has enabled a nationwide deployment in record time.
On June 18, 2019, HPE has expanded its hybrid cloud portfolio with enhanced automation, more choice, workload-optimized solutions, and a consistent experience across clouds.
Key Target Audience
Private Cloud Computing Service Providers, Cloud Computing Industry Associations, Private Clouds Downstream Buyers, Government Regulators, agencies, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.