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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Private Cloud Services Market Growth
Private cloud services refer to cloud computing services and resources offered on a private internal network for an organisation or tenant. These services offer a high level of security and privacy compared to public cloud services, which makes them a preferable option in organisations with sensitive data.
Significant demand in the private cloud services market is increasing for advanced security solutions, particularly in sectors like BFSI and healthcare, where safeguarding data is crucial. Private cloud services offer banking and healthcare companies a high level of protection over their sensitive data and information as compared to a public cloud and curb the risk of security breaches.
Private Cloud Services Market Report Snapshots
Private Cloud Services Market Size
Private Cloud Services Market Growth
Private Cloud Services Market Analysis
Private Cloud Services Market Share
Private Cloud Services Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 49.37 billion.
The market is projected to grow at a CAGR of 15.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 179.89 billion by 2032.
The major market drivers are the growing demand for better security services in enterprises and the surge in the adoption of hybrid cloud models.
The key trends of the market include growing demand for advanced security and data protection in BFSI and healthcare sectors, rising trend of virtualisation in private cloud services, and rising investment in private cloud infrastructure.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Various services are infrastructure as a service, platform as a service, and software as a service.
The competitive landscape consists of Microsoft Corp., Amazon.com, Inc., Alphabet Inc., Cisco Systems Inc., HP Inc., Dell Technologies Inc., Rackspace Technology, Inc., VMware, Inc., Red Hat, Inc., and Nutanix, Inc., among others.
The private cloud services market is categorised according to the end use, which includes BFSI, government, IT and telecom, healthcare, retail, education, media and entertainment, manufacturing, and others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124