- The Global Private Cloud Services market is expected to grow at a CAGR of 22 percent during the forecast period of 2013-2018.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Private Cloud Services Market 2014-2018. One of the major trends emerging in the market is the increased adoption of hybrid cloud computing models. Enterprises use hybrid clouds because they may host critical applications on private clouds and applications with relatively low security concerns on the public cloud.
A private cloud is a cloud computing model or a secure and distinct cloud environment that is designed to be operated by a single organization. It offers power as a service within a virtualized environment with the help of physical computing devices. A private cloud is an infrastructure that enables enterprises to maintain their own security and data safety measures, which are missing when enterprises adopt public cloud infrastructures.
“Private cloud utilizes a virtualized computing resource infrastructure to cater to the business requirements of enterprises, which results in the enhanced productivity of existing hardware,” says Faisal Ghaus, Vice President of TechNavio Research.
“This increased productivity of the network is a major driver in the Global Private Cloud Services market.”
Inclination Towards Hybrid Cloud Technology
A hybrid cloud is a combination of a private and public cloud model possessing combined advantages of both models. It is a cloud infrastructure that comprises two or more public and private clouds to cater to an organization’s computing needs. This cloud infrastructure keeps some of the server operations on-premises while utilizing the services of a cloud provider for other operations. Organizations currently prefer to use both private and public clouds, which drive the market for hybrid cloud computing; government organizations are most often its end-users.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
