LONDON–(BUSINESS WIRE)–#GlobalPrivateCloudServicesMarket–Technavio has been monitoring the private cloud services market and it is poised to grow by USD 70.55 bn during 2020-2024, progressing at a CAGR of over 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Increased inclination for private cloud for enhanced data security is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 22.26% and the incremental growth of the market is anticipated to be $ 70.55 bn.
Who are the top players in the market?
BMC Software Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and VMware Inc. are some of the major market participants.
What is the key market driver?
The growing adoption of cloud among SMEs is one of the major factors driving the market
How big is the North America market?
The North America region will contribute 43% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMC Software Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and VMware Inc. are some of the major market participants. The growing adoption of cloud among SMEs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Private Cloud Services Market 2020-2024: Segmentation
Private Cloud Services Market is segmented as below:
- North America
- South America
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Private Cloud Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The private cloud services market report covers the following areas:
- Private Cloud Services Market Size
- Private Cloud Services Market Trends
- Private Cloud Services Market Industry Analysis
This study identifies increased inclination for private cloud for enhanced data security as one of the prime reasons driving the private cloud services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Private Cloud Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist private cloud services market growth during the next five years
- Estimation of the private cloud services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the private cloud services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of private cloud services market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- IaaS – Market size and forecast 2019-2024
- SaaS – Market size and forecast 2019-2024
- PaaS – Market size and forecast 2019-2024
- Market opportunity by Service
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- BMC Software Inc.
- Cisco Systems Inc.
- Citrix Systems Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
- VMware Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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.