Global True Private Cloud Market Report 2023-2029. (Internet Services - Other Internet Services)
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Item ID 2848580 in Category: Internet Services - Other Internet Services
Global True Private Cloud Market Report 2023-2029. | |
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.  | |
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2024-04-29 (0.391 sec)