True Private Cloud, Global Key Players Rank and Market Share, Top 10 Companies Hold 77.29% (2022) (Internet Services - Other Internet Services)
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True Private Cloud, Global Key Players Rank and Market Share, Top 10 Companies Hold 77.29% (2022) | |
A “true private cloud” is distinguished from a “private cloud” by the completeness of the integration of all aspects of the offering, including performance characteristics such as price, agility and service breadth. Equally important is the nature of the relationship with the cloud supplier – namely a single point of purchase, support, maintenance and upgrades, often referred to as a “single hand to shake, and a single throat to choke.” The key benefit of true private cloud is that it provides solutions close to the cost and agility characteristics of public cloud in an on-premises deployment when business, security and latency requirements dictate. According to the new market research report "Global True Private Cloud Market Report 2023-2029", published by QYResearch, the global True Private Cloud market size is projected to grow from USD 9.6 billion in 2023 to USD 20.27 billion by 2029, at a CAGR of 13.2% during the forecast period. Market Drivers: Increased need for security and compliance: As enterprises become more aware of data security and compliance, the need for a truly private cloud continues to grow. A truly private cloud provides complete control and isolation, helping enterprises protect sensitive data and meet strict regulatory requirements. Increased demand for performance and reliability: As enterprise applications become more complex and data-intensive, the demand for performance and reliability continues to grow. A true private cloud provides dedicated resources to ensure consistent high performance and predictable service levels. Increased demand for customization: The demand for customization is also growing as businesses look for solutions that meet specific needs and requirements. A true private cloud provides complete control, allowing businesses to tailor their cloud environment to meet their specific needs. Restraint: Cost: The initial investment and operating costs of a true private cloud tend to be higher than a public cloud. This may prevent some enterprises from adopting a truly private cloud, especially if they have limited budgets. Management Complexity: A truly private cloud requires specialized skills and resources to manage. This can pose a challenge for smaller organizations, or require a dedicated team to manage private cloud infrastructure. Scalability: The scalability of a true private cloud is limited by the capacity of your own infrastructure or your chosen hosting provider. This may not be suitable for businesses with rapid growth or volatile needs.  | |
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2024-04-29 (0.384 sec)