Private Cloud Market expected to hit USD 528.36 Bn by 2029 during the forecast period

(IT-NEWSWIRE.COM, March 22, 2023 ) As per the Maximize Market research, a global business and consultancy firm, the global “Private Cloud Market” was USD 65.98 billion in 2021 is expected to grow at a CAGR of 29.7 percent during the forecast period to reach USD 528.36 billion by 2029.

Private Cloud Market Scope and Research Methodology

The Private Cloud Market refers to the global industry that provides cloud services to the small, medium and large enterprises. The Private Cloud Market report includes an analysis through market size, growth potential, key players, and emerging trends. The research methodology includes primary and secondary research, data analysis, and market segmentation.

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Private Cloud Market Dynamics

The rising movement of organizations toward the adoption of digital transformation and the advancement of customer satisfaction is expected to drive the market. With advantages such as on-demand availability and low cost, startups and SMEs are rapidly turning to cloud services which drive the Private Cloud Market.

Private Cloud Market Regional Insights

North America dominated the Private Cloud Market in 2021. The massive increasing amounts of transactions and data at these enterprises, the United States and Canada have taken the lead in the installation of private cloud server solutions.

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Private Cloud Market Segmentation:

By Service Model:

Infrastructure as a Service (IaaS)

Platform as a Service (PaaS)

Software as a service (SaaS)

By Deployment Model:

Public cloud

Private cloud

By Organization Size:

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

By Verticals:

Banking, Financial Services, and Insurance (BFSI)

Telecommunications

IT and ITeS

Government and Public Sector

Retail and Consumer Goods

Manufacturing

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Private Cloud Market Key Competitors Include:

AWS

Cisco

Dell

Google

HPE

IBM

Microsoft

OpenStack

SAP

VMware

Stripe

Databricks

HashiCorp

Toast

Plaid

Figma

ServiceTitan

Checkout.com

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Public Cloud in BFSI Market : The market is expected to hit USD 156 Bn by 2029 at a CAGR of 15 percent during the forecast period.

Cloud Applications Market : The market was USD327 billion in 2021 is expected to grow at a CAGR of 19 percent to reach USD1314 billion by 2029.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on more than 10,000 high growth emerging opportunities & technologies as well as threats to new entrants across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

Dnyaneshwari Yevale

+91 9607365656

dy@maximizemarketresearch.com

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Private Cloud Market expected to hit USD 528.36 Bn by 2029 during the forecast period