Portland, OR, Aug. 30, 2019 (GLOBE NEWSWIRE) — According to the report by Allied Market Research, the global private cloud services market garnered $4.47 billion in 2017, and is expected to reach $14.11 billion by 2023, registering a CAGR of 21.1% from 2017 to 2023. The research offers an extensive analysis of changing market trends, major segments, top investment pockets, key winning strategies, and competitive scenario.
Reduction in investment for new hardware and pay-as-you-go deployment model in private cloud along with demand for Low-cost and Secured IT operations fuel the growth in the Private Cloud Services market. However, unavailability of IT Infrastructure in the underdeveloped countries hinder the market growth. On the other hand, technological advancements resulting in enhanced security and better reliability & scalability of private cloud services create new opportunities in the market.
SaaS segment to continue its lead position throughout the forecast period:
Based on services, the SaaS segment held the largest revenue share in 2017, contributing nearly three-fifths of the total share. This segment is expected to continue its lead position throughout the forecast period. On the other hand, the PaaS segment would grow at the highest CAGR of 28.3% from 2017 to 2023.
Inquire more about this [email protected] https://www.alliedmarketresearch.com/purchase-enquiry/2694
Large enterprises segment to contribute its dominance by 2023:
On the basis of user type, the large enterprises segment contributed to the major market share in 2017, accounting for nearly three-fifths of the Private Cloud Services market, and will continue to contribute its dominance during the forecast period. However, the SMEs segment is projected to register the fastest CAGR of 21.7% during the forecast period.
North America to continue its dominant position throughout the forecast period:
Regionally, North America contributed the major market share in 2017, accounting for more than one-third of the total Private Cloud Services market share. This region is expected to continue its dominant position throughout the forecast period. Contrarily, Asia-Pacific region would register the highest growth rate with a CAGR of 5.9% from 2017 to 2023.
Major Market Players Included in This Report:
- Cisco Systems, Inc.
- HP Inc.
- Dell Inc.
- Microsoft Corporation
- IBM Corporation
- Rackspace Hosting, Inc.
- Oracle Corporation
- Salesforce.com, Inc.
- Red Hat, Inc.
- VMware, Inc.
They have adopted various strategies including collaborations, mergers & acquisitions, partnerships, joint ventures, and others to gain a stronghold in the industry.
Curious? Need more details? Request a sample of the “Private Cloud Services Market” report
Allied Market Research (AMR) 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 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected] Web: https://www.alliedmarketresearch.com