Private Cloud Services Market
Allied Market Research published a new report, titled, ” Private Cloud Services Market by Service, User Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023 ” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global private cloud services market was valued at $3,703 million in 2016, and is projected to reach $14,111 million by 2023, growing at a CAGR of 21.1% from 2017 to 2023.
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The banking, financial services, and insurance (BFSI) segment has witnessed high demand in the global private cloud services market in 2016 due to data security over expanding customer base and internet user. In addition, reduced investment for new hardware and pay-as-you-go deployment model in private cloud are expected to fuel the market growth in the near future. Moreover, the government & education and healthcare segments have witnessed increased adoption of cloud across various regions, owing to enhanced security and improved reliability & scalability of private cloud services.
The increase in cloud adoption across several industry verticals including BFSI, retail, healthcare, manufacturing, and government & education and surge in ICT expenditure are anticipated to augment the market penetration. The prominent markets, such as North America, Europe, and Asia-Pacific, provide growth opportunities to the global market. Moreover, growth in adoption of Infrastructure-as-a-Service (IaaS) among SMEs is anticipated to fuel the private cloud services market growth in the near future.
North America was the largest private cloud services market in the world in 2016, owing to the growth in demand for low-cost cloud infrastructure development and software services. Developing countries, including China, Australia, Japan, and Brazil, offer lucrative scope for market development. For instance, in May 2016, EMC Corporation planned to launch Virtustream, one of its subsidiaries for cloud service in Australia. This strategic move is expected to expand the companys presence in Asia-Pacific. In addition, industry participants have focused on improving their private cloud services to ensure competence and effectiveness of the private cloud model across other emerging markets such as Latin America, the Middle East, and Africa.
Key Market Players in the Report:
• Amazon Web Services Inc.
• Apple Inc.
• Box Inc.
• Buffalo Inc.
• Copy (Barracuda Networks Inc.)
• Dropbox Inc.
• Egnyte Inc.
• Google Inc.
• Microsoft Corporation
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Key Findings of the Private Cloud Services Market:
♦ The Software-as-a-Service (SaaS) segment accounted for the highest share of the global private cloud services market in 2016, growing at a CAGR of 19.6% from 2017 to 2023.
♦ North America private cloud services market generated the highest revenue in 2016, valued at $1,366 million.
♦ The SMEs segment dominated the global market, in terms of growth, during the forecast period.
♦ The U.S. dominated the global private cloud services market in 2016. In addition, Canada, China, UK, Australia, Japan, and the other emerging markets are anticipated to provide significant opportunities for major players.
Some of the Major Highlights of TOC Covers:
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Bargaining power of suppliers
3.3.2 Bargaining power of buyers
3.3.3 Threat of substitutes
3.3.4 Threat of new entrants
3.3.5 Degree of competition
3.4 Market player positioning
3.5 Market dynamics
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Key questions answered in Private Cloud Services Market research study:
♦ What is the market growth rate of Private Cloud Services Market from 2020-2027?
♦ What will be the global market size of the market from 2020 to 2027?
♦ Who are the leading global players in the Private Cloud Services Market ?
♦ What are the current trends and predicted trends?
♦ What are the challenges faced in the Private Cloud Services Market ?
♦ Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
♦ Which will be the anticipated growth rates for your own Private Cloud Services Market economy altogether and also for every segment inside?
♦ Which will be the Private Cloud Services Market application and types and forecast accompanied closely by producers?
♦ What are the conclusions of the Private Cloud Services Market report?
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