Private cloud services market size to grow at a CAGR of 26.71% by 2027; Increased inclination for private cloud for enhanced data security will drive growth - Technavio
NEW YORK, Feb. 8, 2023 /PRNewswire/ --
Private cloud services market insights -
Vendors: 15+, including 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., Oracle Corp., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Service (IaaS, SaaS, and PaaS), End-user (Large enterprise, Small, and medium enterprise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
In 2017, the private cloud services market was valued at USD 50.47 billion. From a regional perspective, North America held the largest market share, valued at USD 30.09 billion. The private cloud services market size is estimated to grow by USD 276.36 billion from 2022 to 2027 at a CAGR of 26.71% according to Technavio.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including ?
Adobe Inc. - The company offers private cloud services through Adobe Experience Cloud.
Alibaba Group Holding Ltd. - The company offers private cloud services through its subsidiary Alibaba Cloud.
Alphabet Inc. - The company offers private cloud services through Google Cloud.
Amazon.com Inc. - The company offers private cloud services namely Amazon Virtual Private Cloud.
Private cloud services market ? Market Dynamics
Major Drivers ?
Increased inclination for private cloud for enhanced data security
The private cloud services market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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 size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the private cloud services market industry across North America, Europe, APAC, South America, and Middle East and Africa
A 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
The cloud computing market is estimated to grow at a CAGR of 17.32% between 2022 and 2027. The size of the market is forecast to increase by USD 429.6 billion. The increased use of containers will boost cloud adoption and will notably drive market growth, although factors such as vendor lock-in and operational complexities may impede the market growth.
The cloud backup and recovery market is estimated to grow at a CAGR of 18.43% between 2022 and 2027. The size of the market is forecast to increase by USD 20,727.97 million. The reduction in IT expenditure is notably driving the market growth, although factors such as latency in the cloud network may impede the market growth.
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 2022-2023 (%)
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 Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
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, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition 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.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Service
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global private cloud services market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global private cloud services market 2017 - 2021 ($ billion)
Exhibit 178: TIBCO Software Inc. - Product / Service
Exhibit 179: TIBCO Software Inc. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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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