The global private cloud services market is forecasted to value US$ 405.30 billion by 2033, up from US$ 92.64 billion in 2023. As per the market reports, the private cloud services market share is advancing at a CAGR of 15.8% during the forecast period.
Demand for private cloud services like PaaS (Platform as a Service), SaaS (Software as a Service), and IaaS (Infrastructure as a Service) are accelerating day by day owing to rapid digitization. These services are being offered by prominent cloud service market players for hosting, managing, and maintaining all types of cloud services in the private deployment model.
The adoption of private cloud services is increasing, owing to its easy accessibility to servers, networks, and storage for every type of user, including small and medium-sized enterprises. The array of remote servers used that are remotely placed and hosted on the internet reduces the cost of management for enterprises and setting up huge infrastructure on-premise. Therefore, it is anticipated that the adoption of private cloud services is likely to witness significant growth during the forecast period with a significant fall in its cost.
Report Attributes | Details |
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Private Cloud Services Market Value (2023) | US$ 92.64 billion |
Private Cloud Services Market Anticipated Value (2033) | US$ 405.30 billion |
Private Cloud Services Projected Growth Rate (2023 to 2033) | 15.8% |
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The demand for private cloud services is getting highly driven, with the rise of ICT expenditure by the government for various developmental structures to be adopted. Furthermore, on-premise setting up of the infrastructure can be costly and also leads to the wastage of a lot of resources that are not utilized but are paid for. Hence, the adoption of private cloud services is on the rise, driving the market growth for this service.
There is a demand for low-cost and secured IT operations, and enterprises across the globe have focused on the creation of a mobile workforce, wherein employees can access data from distant places through the Internet. Therefore, the virtual sets of IT components like servers, storage, networks, and others are having a rise in demand.
Every other organization today is seeking better security services, with the maintenance of minimum infrastructure and no compromise on performance, elasticity, and control of its offerings. Such requirements are expected to grow further in light of rising incidences of cybercrimes and digital breaches leading to great adoption of private cloud services.
The flexibility and scalable nature of cloud services is a crucial factors driving the growth of the private cloud services market share. In addition, there is enhanced uptime, reliability, and real-time data access that is contributing to the enhanced demand for private cloud services.
Certain factors might curb the growth of the private cloud services market share in the coming years although it provides several benefits to enterprises. The initial investments associated with the adoption of private cloud services are significantly high.
The satisfaction of requirements of management and visualization of various levels that compose the fabric to deploy, operate, and monitor the environment is relatively high and can hinder the demand for private cloud services to expand.
The location of data and security breaches are some prime concerns in private cloud services, which act as a challenge for the vendors to attract customers to use their services. Therefore, all these factors are anticipated to restrain the adoption of the private cloud services market during the forecast period.
Region | North America |
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Market Share % (2023) | 40.1% |
The North American region is projected to dominate the private cloud services market from 2023 to 2033. Also, this region is currently holding a maximum of 40.1% of the total private cloud services market share.
The adoption of private cloud services is getting significantly fueled in the regions of North America due to the growth in enterprise mobility and security concerns over data storage and management. Further, there are several key opportunities for the private cloud services market share in North America in the coming years owing to the presence of a large number of market players there.
Region | Europe |
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Market Share % (2023) | 23.5% |
Europe is experiencing steady growth in the private cloud services market. At present, the Europe region cumulatively comprises 23.5% of the total private cloud services market share.
Owing to the high demand for virtual data centers and easy accessibility of virtual computing from anywhere, the demand for private cloud services is bolstering in the regions of Europe. In addition to that, government grants are being received by enterprises to run research and development activities for further adoption of private cloud services by end users.
How are New Entrants Revolutionizing the Private Cloud Services Market?
The start-up ecosystem in the private cloud services market is intense with frequent innovations being made. Moreover, start-ups in the private cloud services market are focusing on deploying new, simple, and scalable features for the adoption of private cloud services by industry verticals.
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Key Market Players Profiled in the Private Cloud Services Market?
The key players profiled in the report are Cisco Systems, Inc., Dell Inc., HP Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., Red Hat, Inc., Salesforce.com, Inc., and VMware, Inc.
These biggies are adopting new and innovative strategies for continuous deployment of the tools. Additionally, they are indulging in collaborations and making continuous efforts for delivering the best user experience to the customers and adoption of private cloud services.
Key Developments in the Private Cloud Services Market
Report Attributes | Details |
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Growth Rate | CAGR of 15.8% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
The private cloud services market is worth around US$ 92.64 billion in 2023.
The private cloud services market size is expected to reach US$ 405.30 billion by 2033.
The private cloud services market is rising at a 15.8% CAGR through 2033.
Europe occupies 23.5% of the private cloud services market share in 2023.
North America occupies 40.1% of the private cloud services market share in 2023.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Services, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2023 to 2033 5.3.1. SaaS 5.3.2. PaaS 5.3.3. IaaS 5.4. Y-o-Y Growth Trend Analysis By Services, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Services, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033 6.3.1. SMEs 6.3.2. Large Enterprises 6.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry Vertical 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Industry Vertical, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry Vertical, 2023 to 2033 7.3.1. Banking, Financial Services, and Insurance 7.3.2. IT & Telecom 7.3.3. Government & Education 7.3.4. Healthcare 7.3.5. Retail 7.3.6. Manufacturing 7.3.7. Media & Entertainment 7.3.8. Energy & Utilities 7.3.9. Others 7.4. Y-o-Y Growth Trend Analysis By Industry Vertical, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Industry Vertical, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Services 9.2.3. By Type 9.2.4. By Industry Vertical 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Services 9.3.3. By Type 9.3.4. By Industry Vertical 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Services 10.2.3. By Type 10.2.4. By Industry Vertical 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Services 10.3.3. By Type 10.3.4. By Industry Vertical 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Services 11.2.3. By Type 11.2.4. By Industry Vertical 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Services 11.3.3. By Type 11.3.4. By Industry Vertical 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Services 12.2.3. By Type 12.2.4. By Industry Vertical 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Services 12.3.3. By Type 12.3.4. By Industry Vertical 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Services 13.2.3. By Type 13.2.4. By Industry Vertical 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Services 13.3.3. By Type 13.3.4. By Industry Vertical 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Services 14.2.3. By Type 14.2.4. By Industry Vertical 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Services 14.3.3. By Type 14.3.4. By Industry Vertical 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Services 15.2.3. By Type 15.2.4. By Industry Vertical 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Services 15.3.3. By Type 15.3.4. By Industry Vertical 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Services 16.1.2.2. By Type 16.1.2.3. By Industry Vertical 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Services 16.2.2.2. By Type 16.2.2.3. By Industry Vertical 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Services 16.3.2.2. By Type 16.3.2.3. By Industry Vertical 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Services 16.4.2.2. By Type 16.4.2.3. By Industry Vertical 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Services 16.5.2.2. By Type 16.5.2.3. By Industry Vertical 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Services 16.6.2.2. By Type 16.6.2.3. By Industry Vertical 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Services 16.7.2.2. By Type 16.7.2.3. By Industry Vertical 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Services 16.8.2.2. By Type 16.8.2.3. By Industry Vertical 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Services 16.9.2.2. By Type 16.9.2.3. By Industry Vertical 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Services 16.10.2.2. By Type 16.10.2.3. By Industry Vertical 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Services 16.11.2.2. By Type 16.11.2.3. By Industry Vertical 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Services 16.12.2.2. By Type 16.12.2.3. By Industry Vertical 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Services 16.13.2.2. By Type 16.13.2.3. By Industry Vertical 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Services 16.14.2.2. By Type 16.14.2.3. By Industry Vertical 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Services 16.15.2.2. By Type 16.15.2.3. By Industry Vertical 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Services 16.16.2.2. By Type 16.16.2.3. By Industry Vertical 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Services 16.17.2.2. By Type 16.17.2.3. By Industry Vertical 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Services 16.18.2.2. By Type 16.18.2.3. By Industry Vertical 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Services 16.19.2.2. By Type 16.19.2.3. By Industry Vertical 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Services 16.20.2.2. By Type 16.20.2.3. By Industry Vertical 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Services 16.21.2.2. By Type 16.21.2.3. By Industry Vertical 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Services 16.22.2.2. By Type 16.22.2.3. By Industry Vertical 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Services 16.23.2.2. By Type 16.23.2.3. By Industry Vertical 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Services 17.3.3. By Type 17.3.4. By Industry Vertical 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Cisco Systems, Inc. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Dell Inc. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. HP Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. IBM Corporation 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Microsoft Corporation 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Oracle Corporation 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Rackspace Hosting, Inc. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Red Hat, Inc. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Salesforce.com, Inc. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. VMware, Inc. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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