The global private cloud server market size is estimated to reach USD 205.44 billion, by 2025 and is projected to grow at a CAGR of 29.6% from 2019 to 2025, according to a new report by Million Insights. The increasing investment by the companies to enhance its IT infrastructure is boosting the demand for cloud computing solutions. Thus, the rising adoption of cloud computing is expected to increase market growth in the next few years.
Moreover, the organizations are shifting towards hosted solutions with a high need for customization, security and privacy. Data or information regarding business in the medium & small enterprises and large enterprises is very important because the loss of data may have an adverse impact on the business of enterprises. Private cloud solutions help in deploying the necessary mobile workforce. These solutions also provide data recovery benefits which help to avoid the key data loss.
On-demand cloud services are growing in popularity from the recent few years. These systems offer high efficiency and high storage capacity. All these key benefits help companies to utilize the resources in a better way. Private cloud servers also help in managing workloads as per changing demand in the organization. Hence, to ensure high-performance capabilities, the organization is adopting virtual infrastructure.
In medium and small enterprises, the owners invest limited money in building IT infrastructure owing to their budget concerns. On the other hand, private cloud solutions help in reducing operation costs linked with IT infrastructure. Increasing awareness regarding these solutions in SMEs is rising, which is expected to bolster the market growth. In addition, private clouds provide high scalability, business control to maximize the efficiency of resources utilized in the organization.
Leading players in the private cloud server market include Dell Inc.; VMware; Cisco Systems Inc.; Inc.; Hewlett Packard Enterprise; and Amazon.com.
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Further key findings from the report suggest:
• In 2018, user hosting held the market share of more than 51.0% in the overall market, due to its high scalability and flexibility.
• Asia Pacific is anticipated to grow at a fastest CAGR from 2019 to 2025.
• In 2018, North America led the market with highest share, owing growing adoption of cloud computing solutions in the region.
• High demand for large data access and storage is expected to propel the demand for hosted cloud systems.
Million Insights has segmented the global private cloud server market based on hosting type, organization type and region:
Private Cloud Server Hosting Type Outlook (Revenue, USD Billion, 2015 - 2025)
• User Hosting
• Provider Hosting
Private Cloud Server Organization Type Outlook (Revenue, USD Billion, 2015 - 2025)
• Large Enterprise
Private Cloud Server Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa