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Global Private Cloud Services Market Report and Forecast 2024-2032
Market Report I 2024-05-02 I 143 Pages I EMR Inc.
Global Private Cloud Services Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global private cloud services market size reached a value of USD 93 billion in 2023. Aided by the increasing concerns over data security, enhanced control over IT infrastructure, and the rising demand for scalable computing resources, the market is projected to further grow at a CAGR of 16% between 2024 and 2032 to reach a value of USD 354.59 billion by 2032.
Private cloud services involve a cloud computing platform dedicated solely to one organization. Unlike public clouds, which serve multiple organisations, a private cloud offers enhanced security and control, making it ideal for businesses with high-level security concerns, large volumes of data, or demanding compliance requirements.
The private cloud services market is experiencing a surge in demand for advanced security, particularly in sectors like BFSI and healthcare where data security is of utmost importance. This trend is driven by the need for enhanced protection of sensitive data and information, which private cloud services offer to banking and healthcare companies. Compared to public clouds, private clouds significantly reduce the risk of security breaches, consequently driving up the market share.
Another significant trend in private cloud services is the increasing adoption of virtualisation. This technology not only improves scalability and facilitates hassle-free data transfer but also provides virtual firewalls that effectively safeguard data and applications. Moreover, virtualisation comes at a cost-effective price, making it an attractive option for businesses.
To keep up with the growing demand, many market players are making substantial investments in private cloud infrastructures. These investments aim to enhance data storage and performance, thereby contributing to the overall growth of the private cloud services market.
In an era where data breaches and cyber threats are increasing, private cloud services provide enhanced security measures. The dedicated nature of private cloud environments allows businesses to implement customised security protocols and controls that are not feasible in public cloud settings. This heightened level of security is crucial for sectors such as finance, healthcare, and government, where data privacy is paramount, leading to the private cloud services market growth.
Private clouds offer organisations the ability to customise their computing environment to suit specific business needs. Companies can configure storage, networking, and compute resources as needed, optimizing their IT environments for efficiency and performance. This level of control is particularly attractive to companies with complex or unique IT requirements.
While providing more control, private clouds still offer the scalability and flexibility that cloud computing is known for. Organizations can scale their resources up or down as needed without the capital expenditures associated with traditional IT infrastructure. This makes private cloud services appealing to businesses that experience fluctuating workloads, leading to private cloud services market expansion.
Large corporations dominate a substantial portion of the market for private cloud services due to the benefits these services provide in terms of data security and access compliance. Additionally, these services offer the advantage of portability, allowing large enterprises to reuse applications across hybrid or multi-cloud environments. Moreover, private cloud infrastructure enables these organisations to enhance data protection by implementing strict access control measures for their employees.
As per the private cloud services market analysis, North America currently leads the global market, driven by the presence of major technology firms, a strong focus on research and development, and early adoption of cloud technologies. Meanwhile, Europe shows robust growth due to increasing data protection regulations, such as GDPR, which drive European companies toward private clouds. Additionally, Asia-Pacific is expected to exhibit significant growth due to rapid industrialisation, digitalisation of businesses, and increasing IT investments, particularly in China, India, and Japan.
Market Segmentation
The market can be divided based on the service, enterprise size, end-use, and region
Market Breakup by Service
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End-Use
- BFSI
- Government
- IT and Telecom
- Healthcare
- Retail
- Education
- Media and Entertainment
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global private cloud services market. Some of the major players explored in the report by Expert Market Research are as follows:
- Microsoft Corp.
- Amazon.com, Inc.
- Alphabet Inc.
- Cisco Systems Inc.
- HP Inc.
- Dell Technologies Inc.
- Rackspace Technology, Inc.
- VMware, Inc.
- Red Hat, Inc.
- Nutanix, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Private Cloud Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Private Cloud Services Historical Market (2018-2023)
8.3 Global Private Cloud Services Market Forecast (2024-2032)
8.4 Global Private Cloud Services Market by Service
8.4.1 Infrastructure as a Service
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Platform as a Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Software as a Service
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Private Cloud Services Market by Enterprise Size
8.5.1 Small and Medium Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Large Enterprises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Private Cloud Services Market by End-Use
8.6.1 BFSI
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Government
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 IT and Telecom
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Healthcare
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Retail
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Education
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Media and Entertainment
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Manufacturing
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Others
8.7 Global Private Cloud Services Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Private Cloud Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Private Cloud Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Private Cloud Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Private Cloud Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Private Cloud Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Microsoft Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon.com, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alphabet Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cisco Systems Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HP Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Dell Technologies Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Rackspace Technology, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 VMware, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Red Hat, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Nutanix, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Private Cloud Services Market: Key Industry Highlights, 2018 and 2032
2. Global Private Cloud Services Historical Market: Breakup by Service (USD Billion), 2018-2023
3. Global Private Cloud Services Market Forecast: Breakup by Service (USD Billion), 2024-2032
4. Global Private Cloud Services Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global Private Cloud Services Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global Private Cloud Services Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Private Cloud Services Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Private Cloud Services Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Private Cloud Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Private Cloud Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Private Cloud Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Private Cloud Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Private Cloud Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Private Cloud Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Private Cloud Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Private Cloud Services Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Private Cloud Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Private Cloud Services Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Private Cloud Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Private Cloud Services Market Structure
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