The global private cloud server market size is expected to reach USD 205.44 billion by 2025, registering a CAGR of 29.6% from 2019 to 2025. Aggressive investments being made by organizations to overhaul the conventional IT infrastructure coupled with the continued adoption of cloud computing technology is anticipated to drive the market growth over the forecast period. The growing emphasis on adopting cloud computing technology in emerging economies is also expected to drive the market growth from 2019 to 2025.
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As organizations continue to move their
businesses to a hosted IT infrastructure, the need for robust security &
privacy, customization, and compliance, among others, is also rising. As data
is of utmost importance for large enterprise as well as small and medium
enterprises, and any loss of critical data may result in significant losses of
a business. Private cloud server solutions not only eliminate the concerns over
data loss but also encourage organizations to adopt the bring your own device
(BYOD) trend and deploy a mobile workforce. Data recovery options being offered
by the providers of these solutions also help in annulling the concerns over
data loss.
Private cloud server solutions are
capable of catering to the need of on-demand computing services. They can
manage a range of applications, storage needs, and processing power
requirements efficiently, thereby helping organizations to utilize the
computing capacity and subscribe for different services using a pay-as-you-go
model. They can also allow workloads to be deployed to another server in event
of changes in the resource demands, thereby ensuring that organizations have an
adequate and robust virtual infrastructure.
When it comes to investing in IT
infrastructure and security, small and medium enterprises often have limited
resources and budgets constraints. However, private cloud server solutions can
help such enterprises in reducing the total cost of ownership (TCO) associated
with the IT infrastructure. The awareness about private cloud server solutions
among small and medium enterprises is growing as a result, thereby driving the
market growth. Besides, additional benefits, such as improved business control
and scalability, offered by private cloud server solutions can not only help
organizations in maximizing the utilization of resources but also in enhancing
the efficiency of the business.
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Further
key findings from the report suggest:
• The user hosting segment accounted for
a market share of over 51% in 2018 owing to the greater flexibility and
scalability offered by user-hosted private cloud server solutions without compromising
with data security
• The Asia Pacific regional market is
projected to register the highest CAGR over the forecast period, particularly
owing to the growing demand for private cloud server solutions from small and medium
enterprises in the region
• The North America regional market
dominated the global private cloud server market in 2018 as companies in North
America continued to collect large volumes of data to analyze the changing
consumer behavior
• The demand for private cloud server
solutions is rising as analyzing the large volumes of data trigger the need for
high storage and processing capacities and necessitate the adoption of hosted
IT infrastructure for robust data management
• Key players operating in the market
include VMware; Dell Inc.; Cisco Systems Inc.; Hewlett Packard Enterprise
Development LP; and Amazon.com, Inc.
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