Private cloud offers self-services & scalability, virtual IT infrastructure set-up, professional services, managed hosting, and others for complex computing tasks using a secured and cost-effective deployment model for enterprises. It uses a virtual private network (VPN) that restricts access to specific organizations to prevent security breaches and cyber-attacks.
The global private cloud services market is driven by increase in data security & privacy concerns, enhanced productivity of network infrastructure, and growth in need of secure & reliable data access through virtual data centres and servers. However, complexity in migration of legacy applications and high price of private cloud deployment are expected to hinder the private cloud services market growth. The global private cloud services market is segmented on the basis of service, user type, industry vertical, and geography. On the basis of service, it is classified into Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS). On the basis of user type, it is bifurcated into SMEs and large enterprises.
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On the basis of industry vertical, it is divided into banking, financial services, and insurance (BFSI); IT & telecom; government & education; healthcare; retail; manufacturing; media & entertainment; energy & utilities; and others. Geographically, the private cloud services market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
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The major players operating in the global private cloud service market include Cisco Systems, Inc., Dell Inc., HP Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., Red Hat, Inc., Salesforce.com, Inc., and VMware, Inc.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current market trends, future estimations, and dynamics of the global private cloud services market.
In-depth analysis of the private cloud services industry is conducted by based on market estimations of key market segments from 2016 to 2023.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the private cloud services market framework.
Comprehensive analysis of all regions assists in determining the prevailing opportunities across geographies in the private cloud services market.
KEY MARKET SEGMENTS
By Service
SaaS
PaaS
IaaS
By User Type
SMEs
Large Enterprises
By Industry Vertical
Banking, Financial Services, and Insurance
IT & Telecom
Government & Education
Healthcare
Retail
Manufacturing
Media & Entertainment
Energy & Utilities
Others
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Singapore
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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