The GMI Research expects the private cloud server market to expand at a significant rate. From a regional perspective, North America is expected to dominate the market due to the increasing economic development and growing adoption of cloud computing technologies for real-time data accessibility among business enterprises in several industry verticals, such as banking, IT, retail, and defense.
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Private Cloud Server Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Various advantages provided to the companies by running their IT systems in a private cloud environment is a significant factor that is surging the growth of the private cloud server market. It provides several benefits, including real-time and quick access to data, cost savings, strong security level, immediate resource allocation, multiple interconnected networks, and worldwide connected servers. Moreover, the continuously rising IT industry and drastic shift of business enterprises towards deploying cloud infrastructure as an active solution to decrease infrastructure and IT cost for physical server installation will further fuel the growth of the private cloud server market. Furthermore, the increasing deployment of a mobile workforce, growing adoption of the bring your own device (BYOD) trend, and technological advancements regarding threat monitoring, firewalls, and space availability are predicted to create various new opportunities for the market in the upcoming years. On the other hand, the factor hindering the growth of the market include private clouds are comparatively expensive than public clouds. In addition to this, support, deployment, and maintenance for the private cloud are expensive and time-consuming as compared to public cloud service. This factor is restraining the growth of the market during the forecast period.
Hosting Type Segment Drivers
Based on hosting type, the user-hosted segment is anticipated to increase at a faster CAGR during the forecast period as the on-premise cloud server offers higher security compared to external servers. Additionally, it enables the companies to have an in-house data center to host the private cloud that is considered a more secure infrastructure, which will bolster the market growth.
Private Cloud Server Market’s leading Manufacturers:
Alphabet Inc.
International Business Machines Corp.
Vmware, Inc.
Dell, Inc.
Cisco Systems Inc.
Hewlett Packard Enterprise Development LP
Accenture PLC
Microsoft Corporation
Atos SE
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)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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