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, according to a new report by Grand View Research, Inc. 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.
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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Server Market Report
Private
Cloud Server Market Report Highlights
- 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.
About Us:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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