The private cloud services market size is expected to grow by USD 70.55 bn and record a CAGR of 25% during 2020-2024.
This post-pandemic global private cloud services market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this private cloud services market analysis report, key drivers such as growing adoption of cloud among smes have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future. View Free Sample Report
Private Cloud Services Market: Emerging Trends to Impact Market Growth
Increased inclination for private cloud for enhanced data security to emerge as a key trend in the industrial private cloud services market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Private Cloud Services Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BMC Software Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and and VMware Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the global private cloud services market and it is expected to grow by USD 70.55 billion, accelerating at a CAGR of over 25% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Private Cloud Services Market: Segmentation by Service
During 2019, the IaaS segment accounted for the major share of the Private Cloud Services Market. In the IaaS model, services are provided in a highly automated delivery model. A few of the benefits of private IaaS are better security, eliminates CAPEX and reduces costs, quick access to resources: IaaS offers IT hardware and resources purely as a service.
Private Cloud Services Market: Segmentation by Geography
North America was the largest Private Cloud Services Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 43% of the market’s growth will originate from North America during the forecast period. The US is the key market for private cloud services in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the private cloud services market size.
Private Cloud Services Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and VMware Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
