Growth opportunities in the Private Cloud Server Market look promising over the next six years. This is mainly due to robust control and protection over its apps, data, and systems and the ongoing technological advancements.
Private Cloud Server Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The private cloud server market is forecasted to experience significant growth in the near future. This is primarily attributed to the several beneficial features offered to the organizations by directing their IT systems across a private cloud environment. Also, other properties such as proficient safety level, quick and real-time access to data, cost-effectiveness, worldwide connected servers, interconnected multiple networks, and immediate allocation of resources have strengthened the private cloud server market size. In addition, the swift expansion in the IT industry and the augmenting preference of business towards the adoption of cloud infrastructure as an economical solution to minimize the infrastructural and IT cost for the installation of physical servers is further paving the way for market growth. Moreover, the growing trend of the bring your own device (BYOD) trend, escalating disposition of a mobile workforce, and technological developments related to firewalls, threat monitoring, and space availability will bring enormous growth opportunities for the market.
However, private clouds are more costly compared to private clouds, which is curbing the market share. Furthermore, their support, maintenance, and deployment are more expensive and time-consuming. This is another factor hindering market growth.
Industry Vertical Segment Drivers
On the basis of the industry vertical, BFSI is expected to expand at a faster CAGR during the forecast period. This is mainly because of the mounting demand for intensified security and data protection to serve all the regulatory requirements and safeguard their clients’ personal information. Moreover, the technology provides various advantages to banks and financial institutions as it helps to save cost, enhances the data processing capacity, and intensifies the quality of financial services, thereby propelling private cloud server market share.
Hosting Type Drivers
Based on hosting type, user-hosted is predicted to witness a higher CAGR during the forecast period. This is owing to the higher security provided by on-premise cloud servers than external servers. In addition, it enables organizations to have an in-house data center to host the private cloud that can be regarded as a more secured infrastructure, which is driving the market growth.
Private Cloud Server Market’s leading Manufacturers:
- Atos SE
- Accenture PLC
- com, Inc.
- Dell, Inc.
- International Business Machines Corp.
- Microsoft Corporation
- Hewlett Packard Enterprise Development LP
- Cisco Systems Inc.
- Vmware, Inc.
- Alphabet Inc.
Private Cloud Server Market Segmentation:
Segmentation by Hosting Type
- User Hosting
- Provider Hosting
Segmentation by Organization Type
- SME
- Large Enterprise
Segmentation by Industry Vertical
- BFSI
- Defence
- Entertainment
- Retail
- Aerospace
- Hospitality
- Government
- Healthcare
- IT and Telecommunication
- Logistics
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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