Worldwide Private Cloud Server Market forecasts on regional growth, industry players and more: Global Market Insights Inc.
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Data security and protection is a prime concern restraining the growth of the private cloud server market. Third party attacks, for instance, viruses can threaten the reliability of these solutions. Stringent government rules and regulations tightly protecting the collection of private customer information can provide obstacles to industry growth. Installation, maintenance, and hardware costs of the technology are very high and can discourage businesses from integrating them into their businesses.
The transition of businesses from profit-focus to customer-focus has given rise to big data. Big data can provide business insights based on historical and real-time data. This requires large storage capabilities and access to information databases across various business units of the organization. Big data platforms hosted by these servers can offer better scalability, lower costs and better resource utilization as compared to traditional big data deployments driving the private cloud server market demand. The growth of hybrid cloud technology is predicted to create lucrative market opportunities. Hybrid platforms combine the private and public clouds to enable effective workload movement between them. It is particularly useful in dynamic or highly changeable work environments and in businesses which require high access to big data.
Private cloud server market segmentation by application includes storage, disaster recovery, development and testing. Storage segment is expected to lead the industry owing to the high availability of customer and organizational data. The data recovery segment is predicted to gain prominence during the forecast timeframe. Critical information requires a back-up in case of system failure, theft or external attack.
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The private cloud server market can by integrated by platform types comprising on-premise and external private clouds. On-premise private technology is primarily used by businesses that have already invested in data-center capabilities, infrastructure and have hardware available that can be repurposed for this these solutions. Moreover, on-premise private cloud server market provide higher security as compared to external servers. External service providers offer off-site solutions to data storage to multiple tenants. They provide resources to multiple users, for instance physical hardware. The compromise on security is met with lower costs due to hardware reusability. These benefits are factors promoting the increasing adoption of external solutions segment in the private cloud server market.
The U.S. private cloud server market is anticipated to lead the private cloud server market due to escalating demand for secure severs and rapid industrialization. APAC is estimated to witness high growth rate during the forecast period. This is attributed to increasing awareness of the advantages and rising demand for big data storage in emerging economies, for instance China and India.
Players operating in the private cloud server market need to employ business strategies such as collaborations, mergers and acquisitions to sustain growth in the global marketplace. Vendors providing these solutions include Amazon, Microsoft Corp, D-Link Corporation, Cisco Systems, Accenture PLC, Rackspace, BitCloud, Seagate, Google, Just Cloud, MEGA Ltd, ElephantDrive, Hewlett-Packard Development, Hivelocity Ventures, International Business Machine, and Cisco systems. On February 2016, Rackspace announced the release of Rackspace private cloud powered by Red Hat. This strategy will deliver the most easy-to-use and reliable Open stack private and hybrid clouds across the world.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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