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WiredRelease
WiredRelease
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Private Cloud Services Market 2019 is Set to Boom in 2019 and Coming Year

September 11, 2019 | About:

The Objective of the “Global Private Cloud Services Market” report is to depict the trends and upcoming for the industry over the forecast years. Private cloud services market report data has been gathered from industry specialist/experts. Although the market size of the market is studied and predicted from 2018 to 2023 mulling over 2017 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

According to a new report published by Allied Market Research, forecast that 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.

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 the 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.

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 company’s 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.

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.

Request Sample PDF of Private Cloud Services Market Report@ https://www.alliedmarketresearch.com/request-sample/2694

North America was the highest revenue contributor in 2016, accounting for around 36.9% share of the overall private cloud services market. In addition, Asia-Pacific is projected to grow at the highest CAGR of 23.2% during the forecast period, driven by growth in penetration of workforce mobility and cloud adoption by small- and mid-sized companies.

The key players profiled in the study 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. All these players are involved in competitive strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to augment the private cloud services market growth.

Private Cloud Services Market Key Segments:By Service

  • SaaS
  • PaaS
  • IaaS

By User Type

  • SMEs
  • Large Enterprises

By Industry Vertical

  • Banking, Financial Services, and Insurance
  • IT & Telecom
  • Government & Education
  • Healthcare
  • Retail
  • Manufacturing
  • Media & Entertainment
  • Energy & Utilities

Questions answered in the Private Cloud Services Market research report:

• What is the growth rate of the Private cloud services market during the forecast period?

• What will be the global Private cloud services market size from 2017 to 2023?

• What are the leading manufacturing companies in the Private cloud services market?

• How the major current trends will shape the market in the future?

• What are the driving factors and opportunities in the market?

• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

• Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?

• What are the conclusions of the Private cloud services market report?

Enquire more@ https://www.alliedmarketresearch.com/purchase-enquiry/2694

About Us:

Allied Market Research is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022, +1-503-446-1141

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[email protected]

Web: https://www.alliedmarketresearch.com

About the author:

WiredRelease
WiredRelease is an online press release distribution service which helps companies, individuals, and bloggers to publish their news to Google News, Apple news, other famous online news portals, magazines as well as social media platforms.

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