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 |
|---|---|
| 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.
Principal Consultant
| Region | North America |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|
| 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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