Private cloud services market 2023-2027: a descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Dec. 5, 2022 /PRNewswire/ -- According to Technavio, the global private cloud services market size is projected to grow by USD 276.36 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 26.71% during the forecast period. However, the growth momentum will accelerate. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 39%.

Technavio has announced its latest market research report titled Global Private Cloud Services Market 2023-2027
Technavio has announced its latest market research report titled Global Private Cloud Services Market 2023-2027

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Global private cloud services market Parent Market Analysis

The reports categorize the global private cloud services as a part of the global Internet services and infrastructure market within the global IT services market. The parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global Internet services and infrastructure market covers companies providing services and infrastructure for the Internet industry, including data centers and cloud networking and storage infrastructure. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

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Global private cloud services market - Five Forces

The global private cloud services market is fragmented, and the five forces analysis covers–

  • Bargaining Power of Buyers

  • Threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

  • Threat of Substitutes

  • Interpretation of Porter's Five Forces model helps to strategize the business, for entire details - Download an exclusive sample!

Global private cloud services market – Customer Landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global private cloud services marketSegmentation Assessment

Segment Overview

Technavio has segmented the market based on service, end-user, and region.

  • The IaaS segment will grow at the highest rate during the forecast period. IaaS is a cloud service model that delivers computing infrastructure on an outsourced basis to support enterprise operations, and it is managed over the Internet. In general, IaaS provides hardware such as servers, storage, and data center space or network components. Also, the solutions vendors provide enterprises with computing-related services pulled from their multiple servers and networks, which are distributed across numerous data centers. These benefits will facilitate segment growth during the forecast period.

Geography Overview

By geography, the global private cloud services market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global private cloud services market.

  • North America will contribute 39% to the growth of the global private cloud services market in 2022. When public cloud services were introduced over ten years ago, the countries in North America were among the first to adopt them. Most of the established public cloud service providers are based out of the US and already have multiple data centers across different regions in the US. Hyperscalers are launching new data centers and, in turn, increasing the adoption of private clouds. Also, a private cloud vendor takes the responsibility of managing, maintaining, and developing the pool of computing resources shared with the organization across a network.

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Global private cloud services market – Market Dynamics

Key factors driving market growth

  • Private cloud offers cloud storage resources to a single enterprise or organization. Resources such as storage, servers, and network are not accessible from outside the enterprise network, and they only hold data related to a single business entity. Therefore, a private cloud offers a greater degree of security and control than a public cloud platform.

  • Various enterprises and organizations, from the government. BFSI, among other verticals, has started using private cloud services because of the key benefits of private cloud services, such as security and control. Since private cloud operates entirely within corporate firewalls, they give complete control over the entire backup process to the organization. Owing to these factors, the global private cloud services market will grow during the forecast period.

Recent trends influencing the market

  • The need for data security and compliance with the changing regulatory environment is prompting financial institutions to adopt a private cloud. Digital transformation is one of the key priorities for financial institutions, and to achieve this, financial institutions are opting for private cloud services. Many financial service organizations have invested in private cloud infrastructure in the past few years, as they typically generate lots of data, which must be kept secure.

  • Real-time analysis of the data can give insights that help in understanding consumer behavior and help financial service firms to improve their products or services. Therefore, the adoption of private clouds is increasing in the BFSI segment. Thus, the increased adoption of private clouds in the BFSI sector will boost market growth during the forecast period.

Major challenges hindering market growth

  • Vendor lock-in, also known as customer lock-in or proprietary lock-in, is where a customer using a product or service cannot easily transition to another vendor product or service. This makes a customer dependent on a vendor for products and services, due to which the enterprise/customer cannot use the technology, solution, or service developed by other vendors. Therefore, it may be difficult to switch to public cloud service providers after all the data has been stored in the private cloud platform.

  • Although it is possible to switch between private cloud providers, the process can be time-consuming, labor-intensive, and expensive. Switching between vendors may even result in rebuilding or altering an application to fit the new platform. Thus, vendor lock-in can pose a challenge for the global private cloud services market during the forecast period.

Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of the businesses. Find some insights from a sample report!

What are the key data covered in this private cloud services market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the private cloud services market between 2023 and 2027

  • Precise estimation of the size of the private cloud services market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the private cloud services market industry across APAC, North America, Europe, Middle East and Africa, and South America

  • Thorough analysis of the market's competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of private cloud services market vendors

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Related Reports:

  • The private and public cloud market size is forecasted to grow by USD 90,175.21 million. with a CAGR of 18.81% between 2022 to 2027. The private and public cloud market is segmented by type (saas, iaas, and paas), deployment (public cloud and private cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa)..

  • The cloud infrastructure services market size is forecasted to grow by USD 143.62 billion with a CAGR of 11.7% between 2021 to 2026. The cloud infrastructure services market is segmented by deployment (public cloud, private cloud, and hybrid cloud) and geography (North America, APAC, Europe, South America, and Middle East and Africa).

Private cloud services market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic Period

2017 -2021

Forecast period

2023 -2027

Growth momentum & CAGR

Accelerate at a CAGR of 26.71%

Market growth 2023-2027

USD 276.36 billion

Market structure

Fragmented

YoY growth (%)

23.9

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 39%

Key countries

US, Japan, China, UK, and Germany

Competitive landscape

Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Leading Vendors, Market Positioning of Vendors

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., BMC Software Inc., Broadcom Inc., Cazena Inc., Dell Technologies Inc., HashiCorp Inc., International Business Machines Corp., Microsoft Corp., Nutanix Inc., Rackspace Technology Inc., Salesforce.com Inc., SAP SE, Tata Consultancy Services Ltd., TIBCO Software Inc., Cisco Systems Inc., Hewlett Packard Enterprise Co., and Oracle Corp.

Market  Dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global private cloud services market 2017 - 2021

  • 4.2 Service Segment Analysis 2017 - 2021

  • 4.3 End-User Segment Analysis 2017 - 2021

  • 4.4 Geography Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Service

  • 6.1 Market segments

  • 6.2 Comparison by Service

  • 6.3 IaaS - Market size and forecast 2022-2027

  • 6.4 SaaS - Market size and forecast 2022-2027

  • 6.5 PaaS - Market size and forecast 2022-2027

  • 6.6 Market opportunity by Service

7 Market Segmentation by End-user

  • 7.1 Market segments

  • 7.2 Comparison by End-user

  • 7.3 Large enterprise - Market size and forecast 2022-2027

  • 7.4 Small and medium enterprise - Market size and forecast 2022-2027

  • 7.5 Market opportunity by End-user

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 North America - Market size and forecast 2022-2027

  • 9.4 Europe - Market size and forecast 2022-2027

  • 9.5 APAC - Market size and forecast 2022-2027

  • 9.6 South America - Market size and forecast 2022-2027

  • 9.7 Middle East and Africa - Market size and forecast 2022-2027

  • 9.8 US - Market size and forecast 2022-2027

  • 9.9 UK - Market size and forecast 2022-2027

  • 9.10 Germany - Market size and forecast 2022-2027

  • 9.11 Japan - Market size and forecast 2022-2027

  • 9.12 China - Market size and forecast 2022-2027

  • 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 Adobe Inc.

  • 12.4 Alibaba Group Holding Ltd.

  • 12.5 Alphabet Inc.

  • 12.6 Amazon.com Inc.

  • 12.7 BMC Software Inc.

  • 12.8 Cisco Systems Inc.

  • 12.9 Dell Technologies Inc.

  • 12.10 HashiCorp Inc.

  • 12.11 Hewlett Packard Enterprise Co.

  • 12.12 International Business Machines Corp.

  • 12.13 Microsoft Corp.

  • 12.14 Oracle Corp.

  • 12.15 SAP SE

  • 12.16 Tata Consultancy Services Ltd.

  • 12.17 TIBCO Software Inc.

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations


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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Private Cloud Services Market 2023-2027
Global Private Cloud Services Market 2023-2027
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