Private Cloud Server Market Outlook 2031
The global private cloud server market size was USD 85.31 Billion in 2022 and is anticipated to reach USD 879.92 Billion by 2031 register a considerable CAGR 29.6% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing trend of bring your own device at work and rising disaster recovery as well as data security concern.
Private cloud is defined as a version of cloud computing used by a single organization. Private cloud server systems are proficient in responding to the requirement for on-demand computing services. They can used in a range of applications including, power processing requirements and storage needs.
The server solutions also empower companies to customize computing resources and associate with many services using a pay-as-you-go model. It provides all the benefits associated with the public cloud along with high level of privacy protection and data security.
The COVID-19 pandemic outbreak has brought positive impact on the market. The introduction of work from home policy by government bodies and several organizations increased the demand of private cloud server. Furthermore, in healthcare sector public cloud server is used by hospitals for analysis of patient’s data, electronic storage of patient information, and for online consulting with high flexibility and speed.
Private Cloud Server Market Trends, Drivers, Restraints, and Opportunities
- Rising deployment of a mobile workforce is one of the key factor driving the market growth.
- Increasing importance on ensuring real-time and quick access to data is is projected to drive the market expansion during the forecast period.
- Escalating cost of private cloud acts as a major challenge that can restrict the market growth in the coming years.
- Maintaining private cloud can be tedious and expensive task as well as it requires trained professionals for handling which adds more cost increasing organizations operational cost can hamper the market growth during the projected timeline.
- Using Artificial Intelligence in private clod server is projected to create significant growth opportunities for the market.
Scope of The Private Cloud Server Market Report
The report on the global private cloud server market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Private Cloud Server Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Organizations Types (Large Enterprise and Small & Medium Enterprise) and Hosting Types (Provider Hosting and User Hosting)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Amazon.com, Inc.; VMware Inc.; Cisco Systems Inc.; Hewlett Packard Enterprise Development LP; and Dell Inc.
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Private Cloud Server Market Segment Insights
Large enterprise segment is projected to expand at considerable CAGR
In terms of organization types, the global private cloud server market is bifurcated into large enterprise and small & medium enterprise. The large enterprise segment is estimated to expand at robust growth rate during the forecast period owing to data security and reliability concerns in large enterprises.
However, the small & medium enterprise segment is projected to expand at a considerable CAGR during the forecast period due to implementation of public cloud server for capitalize on 24x7 assistance.
Hosted environment within the organization drive the user hosting segment
Based on hosting types, the market is bifurcated into provider hosting and user hosting. The user hosting segment is expected to grow at a rapid pace during the forecast period attributed to hosted environment within the organization. Additionally, user hosting requires in house data center which is considers as safe infrastructure is major driver of the segment.
On the other hand, the provider hosting segment is anticipated to expand at a substantial CAGR in the coming years owing to it helps organizations to expand the data storage capacity with minimum capital investment.
North America is anticipated to constitute a key market share
In terms of region, the global private cloud server market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to increases spending capacity by key players in the region on private cloud server for data security.
However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the emphasis of government on using public cloud server in the region.
Segments
The global private cloud server market has been segmented on the basis of
Organizations Types
- Large Enterprise
- Small & Medium Enterprise
Hosting Types
- Provider Hosting
- User Hosting
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global private cloud server market are Amazon.com, Inc.; VMware Inc.; Cisco Systems Inc.; Hewlett Packard Enterprise Development LP; and Dell Inc.
Companies are focusing on investment in R&D for development of technological advanced private cloud server for the buildings. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, agreements, new product launch, and collaborations to boost their market share and acquiring new buyers.
- For instance, in August 2019 Microsoft announced release of new Azure Ultra Disk solid-state drive storage service. This next-generation storage service is designed for assist in data-intensive workloads.
- In August 2019, Google Inc. extended its partnership with Wipro Ltd. for improve cloud adoption through Google Cloud platform.
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