Private Cloud Server Market Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2020 - 2026
Report ID: GMI1286
Private Cloud Server Market size will be fueled by the rising awareness of the benefits of private cloud server demand among enterprises. These solutions maximize resource flexibility and usability and elevate the business performance. The risk of organizational data theft and privacy breach by public cloud usage is extensively reduced as the enterprise is responsible for the management. These solutions allow access to authorized members and business units of the organization by implementation of a virtualized environment that ensures the optimal management of available computer resources. As loss of data can have a major impact on an organization, private cloud server market software allows data recovery, which is vital in times of system failures.
Private cloud server market is suitable to businesses with unpredictable or dynamic computing requirements that need direct control over their environment. Companies that have a data-center and developed IT infrastructure will fuel the industry demand over the future. Technological advancements pertaining to firewalls, threat monitoring, and space availability are expected to offer ample opportunities.
Data security and protection is a prime concern restraining the growth of the private cloud server market. Third party attacks, for instance, viruses can threaten the reliability of these solutions. Stringent government rules and regulations tightly protecting the collection of private customer information can provide obstacles to industry growth. Installation, maintenance, and hardware costs of the technology are very high and can discourage businesses from integrating them into their businesses.
The transition of businesses from profit-focus to customer-focus has given rise to big data. Big data can provide business insights based on historical and real-time data. This requires large storage capabilities and access to information databases across various business units of the organization. Big data platforms hosted by these servers can offer better scalability, lower costs and better resource utilization as compared to traditional big data deployments driving the private cloud server market demand. The growth of hybrid cloud technology is predicted to create lucrative market opportunities. Hybrid platforms combine the private and public clouds to enable effective workload movement between them. It is particularly useful in dynamic or highly changeable work environments and in businesses which require high access to big data.
Private cloud server market segmentation by application includes storage, disaster recovery, development and testing. Storage segment is expected to lead the industry owing to the high availability of customer and organizational data. The data recovery segment is predicted to gain prominence during the forecast timeframe. Critical information requires a back-up in case of system failure, theft or external attack.
Segmentation of the private cloud server market based on organization size comprise of SMBs and large businesses. SMBs are predicted to grow significantly owing to rising awareness about the benefits of the technology.
By industry verticals the private cloud server market consists of BFSI, defense, entertainment and infotainment, retail and consumer goods, aerospace, travel and hospitality, government, healthcare and life sciences, IT and telecommunication, logistics, and others. Managed private services are estimated to experience substantial growth in the retail vertical segment. The requirement of resources at high speed access is essential for the smooth functioning of businesses operating in this sector. Private cloud server market solutions are useful in accumulating and managing of real-time data which can be used in capacity planning of the organization. Although public cloud server market offer economies of scale, higher ROI and cost benefits, private technology offers better reliability and security and ensures data is not lost or misplaced.
The private cloud server market can by integrated by platform types comprising on-premise and external private clouds. On-premise private technology is primarily used by businesses that have already invested in data-center capabilities, infrastructure and have hardware available that can be repurposed for this these solutions. Moreover, on-premise private cloud server market provide higher security as compared to external servers. External service providers offer off-site solutions to data storage to multiple tenants. They provide resources to multiple users, for instance physical hardware. The compromise on security is met with lower costs due to hardware reusability. These benefits are factors promoting the increasing adoption of external solutions segment in the private cloud server market.
The U.S. private cloud server market is anticipated to lead the private cloud server market due to escalating demand for secure severs and rapid industrialization. APAC is estimated to witness high growth rate during the forecast period. This is attributed to increasing awareness of the advantages and rising demand for big data storage in emerging economies, for instance China and India.
Players operating in the private cloud server market need to employ business strategies such as collaborations, mergers and acquisitions to sustain growth in the global marketplace. Vendors providing these solutions include Amazon, Microsoft Corp, D-Link Corporation, Cisco Systems, Accenture PLC, Rackspace, BitCloud, Seagate, Google, Just Cloud, MEGA Ltd, ElephantDrive, Hewlett-Packard Development, Hivelocity Ventures, International Business Machine, and Cisco systems. On February 2016, Rackspace announced the release of Rackspace private cloud powered by Red Hat. This strategy will deliver the most easy-to-use and reliable Open stack private and hybrid clouds across the world.
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