Private Cloud Services Market Report 2025 (Global Edition)

Global Private Cloud Services Market Report 2025 Market Size Split by Type (Virtual Private Cloud, Hosted Private Cloud, Managed Private Cloud, On-premises Private Cloud), by Service Model (laas, PaaS...

Private Cloud Services Market Report Description

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Private Cloud Services Market Insights Video

Competitive Landscape of the Private Cloud Services Market

The competitive context of the private cloud services industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies' concentration on the private cloud services industry.

In July 2024, AWS, a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN), and Workday, Inc. (NASDAQ: WDAY), a top supplier of tools for managing people and finances in businesses, extended their collaboration. Workday and AWS will collaborate to develop creative artificial intelligence (AI) abilities, create fresh user experiences, and fund connection go-to-market projects in order to expedite the adoption of cloud computing for clients. This will help clients become more productive, attract and keep ability, and optimize business procedures. (Source: https://press.aboutamazon.com/2024/7/aws-and-workday-expand-partnership-to-help-organizations-drive-productivity-improve-decision-making-and-develop-generative-ai-solutions) In March 2024, SAP unveiled an innovative cloud service called DEVELOP with SAP for Scaleups. Develop with SAP is a packaged cloud-based service that SAP introduced for medium businesses. For six months, the most recent offering—which was created expressly to assist scaleups in easing scaling issues, increasing daily operating efficiency, and maintaining explosive growth—will be offered without charge. (Source: https://news.sap.com/india/2024/04/sap-introduces-cloud-offerings-to-accelerate-innovation-for-indian-scaleups/) In March 2024, Cisco's (NASDAQ: CSCO) Digital Preparation Score showed that just 3% of firms worldwide possess the "Mature" stage of preparation required to be robust against contemporary security hazards. The just-published Index shows that, compared to a quarter ago, when 15% of organizations were considered mature, readiness has considerably declined. (Source: https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2024/m03/cisco-study-reveals-very-few-organizations-prepared-to-defend-against-todays-rapidly-evolving-threat-landscape.html)

Top Companies Market Share in Private Cloud Services Industry: (In no particular order of Rank)

• Microsoft
• Google
• IBM
• AWS
• Oracle
• VMware
• Alibaba Cloud
• HPE
• Cisco
• SAP
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Private Cloud Services Market

Which Region Dominates the Private Cloud Services Market in 2024?

According to Cognitive Market Research, North America currently dominates the private cloud services market, and the region is expected to have significant growth during the projected period. This is because of the broad use of cloud technologies and its sophisticated technology environment. The growing need for safe and adaptable cloud services is fueled by the region's solid framework, which is centered around technology businesses. Because of its early adoption of based on information tactics and digital shifts, North America is ideally situated to serve as a center for creative private cloud installations.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), because using secure cloud computing for various corporate processes is becoming more and more advantageous. It is also expected that the actions made to facilitate a managed installation will accelerate the private cloud services industry in the area. The region's development is also being fueled by the increasing need for sophisticated battery-powered cars, increased accessibility to the internet, and increased digitization.

The current report Scope analyzes Private Cloud Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Private Cloud Services

According to Cognitive Market Research, the global private cloud services market size was estimated at USD 125421.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 50168.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the private cloud services market with a market size of USD 39582.93 million in 2024 and is projected to grow at a CAGR of 28.5% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada private cloud services market had a market share of USD 6020.22 million in 2024 and is projected to grow at a CAGR of 29.5% during the forecast period. Canada’s rising awareness among electric vehicles.
• The Mexico private cloud services market is projected to witness growth at a CAGR of 29.2% during the forecast period, with a market size of USD 4565.33 million in 2024.

Europe Private Cloud Services

According to Cognitive Market Research, the global private cloud services market size was estimated at USD 125421.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 37626.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.0% from 2024 to 2031.

• The United Kingdom private cloud services market had a market share of USD 6321.23 million in 2024 and is projected to grow at a CAGR of 29.8% during the forecast period. In the UK, private cloud services sales witness an upswing due to the nation's rising demand for innovative technology.
• The France private cloud services market is projected to witness growth at a CAGR of 28.2% during the forecast period, with a market size of USD 3461.63 million in 2024.
• According to Cognitive Market Research, the German private cloud services market size was valued at USD 7450.02 million in 2024 and is projected to grow at a CAGR of 29.2% during the forecast period. In Germany, private cloud services surged due to the presence of major market players.
• The Italy private cloud services market is projected to witness growth at a CAGR of 28.4% during the forecast period, with a market size of USD 3235.87 million in 2024.
• The Russia private cloud services market is projected to witness growth at a CAGR of 28.0% during the forecast period, with a market size of USD 5832.09 million in 2024.
• The Spain private cloud services market is projected to witness growth at a CAGR of 28.1% during the forecast period with a market size of USD 3085.36 million in 2024
• The Luxembourg private cloud services market is projected to witness growth at a CAGR of 29.1% during the forecast period, with a market size of USD 1166.42 million in 2024.
• The Portugal private cloud services market is projected to witness growth at a CAGR of 28.8% during the forecast period, with a market size of USD 790.15 million in 2024.
• The Greece private cloud services market is projected to witness growth at a CAGR of 29.3% during the forecast period, with a market size of USD 451.52 million in 2024.
• The Rest of Europe's private cloud services market is projected to witness growth at a CAGR of 27.7% during the forecast period, with a market size of USD 5832.09 million in 2024.

Asia Pacific Private Cloud Services

According to Cognitive Market Research, the global private cloud services market size was estimated at USD 125421.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 28846.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031.

• According to Cognitive Market Research, the China private cloud services market size was valued at USD 12981.09 million in 2024 and is projected to grow at a CAGR of 32.0% during the forecast period. Private cloud services surged in China due to Increased focus of the manufacturers and major market players.
• The Japan private cloud services market is projected to witness growth at a CAGR of 31.0% during the forecast period, with a market size of USD 3980.87 million in 2024.
• The India private cloud services market had a market share of USD 3461.63 million in 2024 and is projected to grow at a CAGR of 34.3% during the forecast period. India's increase in worries about data protection and stability.
• The South Korean private cloud services market is projected to witness growth at a CAGR of 31.6% during the forecast period, with a market size of USD 2884.69 million in 2024.
• The Australian private cloud services market is projected to witness growth at a CAGR of 32.2% during the forecast period, with a market size of USD 1500.04 million in 2024.
• The South East Asia private cloud services market is projected to witness growth at a CAGR of 33.5% during the forecast period, with a market size of USD 1990.43 million in 2024.
• The Rest of Asia Pacific private cloud services market is projected to witness growth at a CAGR of 32.3% during the forecast period, with a market size of USD 2048.13 million in 2024.

South America Private Cloud Services

According to Cognitive Market Research, the global private cloud services market size was estimated at USD 125421.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 6271.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil private cloud services market size was valued at USD 2684.01 million in 2024 and is projected to grow at a CAGR of 30.5% during the forecast period. Private cloud services flourished in Brazil due to increasing demand for electric automobiles.
• Argentina's private cloud services market had a market share of USD 1053.54 million in 2024 and is projected to grow at a CAGR of 30.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia private cloud services market is projected to witness growth at a CAGR of 29.7% during the forecast period, with a market size of USD 558.12 million in 2024.
• Peru private cloud services market is projected to witness growth at a CAGR of 30.1% during the forecast period, with a market size of USD 514.23 million in 2024.
• Chile private cloud services market is projected to witness growth at a CAGR of 30.2% during the forecast period, with a market size of USD 451.52 million in 2024.
• The Rest of Latin America's private cloud services market is projected to witness growth at a CAGR of 29.0% during the forecast period, with a market size of USD 1009.64 million in 2024.

Middle East and Africa Private Cloud Services

According to Cognitive Market Research, the global private cloud services market size was estimated at USD 125421.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2508.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031..

• The GCC Countries private cloud services market is projected to witness growth at a CAGR of 31.0% during the forecast period, with a market size of USD 1073.61 million in 2024. Private cloud services sales flourish due to the presence of major market players.
• The Egypt private cloud services market is projected to witness growth at a CAGR of 30.5% during the forecast period, with a market size of USD 263.38 million in 2024.
• The South Africa private cloud services market is projected to witness growth at a CAGR of 31.2% during the forecast period, with a market size of USD 396.33 million in 2024. Private cloud services sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey private cloud services market is projected to witness growth at a CAGR of 29.7% during the forecast period, with a market size of USD 215.72 million in 2024.
• The Nigeria private cloud services market is projected to witness growth at a CAGR of 29.3% during the forecast period, with a market size of USD 263.38 million in 2024.
• The Rest of the MEA private cloud services market is projected to witness growth at a CAGR of 29.2% during the forecast period, with a market size of USD 295.99 million in 2024.

Private Cloud Services Market Analysis

Private Cloud Services Market Type Segment Analysis

According to Cognitive Market Research, virtual private cloud is likely to dominate the private cloud services market over the forecast period. Because of the growing quantity of information and the increasing acceptance of cloud-based solutions by organizations, virtual private cloud-based data transfer become the most practical and cost-effective solution for managing such a large volume of information. Virtual private cloud-based information transfer solutions are likely to become more widely used as a result of an upsurge in the usage of data and their implementation.

The managed private cloud is the fastest-growing segment in the Private Cloud Services Market. Managed private cloud stands for a safe cloud-based ecosystem with high privacy and safety features that let users keep and analyze their sensitive information behind company restrictions. Large companies tend to prefer private clouds over small and medium-sized. Large businesses' inclination toward private clouds can be explained by their ability to spend greater amounts on preservation and technology.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Private Cloud Services Industry. Request a Free Sample PDF!

Private Cloud Services Market Service Model Segment Analysis

According to Cognitive Market Research, the software as a service (SaaS) segment holds the largest share of the market. This is because of its minimal upkeep expenses, affordability, and convenience of installation. Through the utilization of Internet Explorer, Software as a Service (SaaS) allows users to utilize software programs delivered over the intranet. This eliminates the necessity of setup and upkeep, significantly improves productivity, and provides adaptable and flexible programs suitable for a variety of companies' operations.

In the private cloud services market, platform as a service (PaaS) usage has been growing quickly. Platform as a Service, or PaaS, offers creators an advanced framework in which to create, implement, and oversee programs. It does this by removing the need to understand the intricacies of the foundational components and encouraging rapid creation and efficient process administration.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Private Cloud Services Organization size Segment Analysis

Private Cloud Services Market Organization Size Segment Analysis

According to Cognitive Market Research, the large enterprises segment holds the largest market share. Because of their strong need for reliable and expandable cloud solutions. Large organizations consider the use of private clouds to be strategically important. Because of the vast demands and intricate IT environments that support flexible solutions, focused attention, and enhanced management of personal information that are features of the personal cloud, private cloud services are viewed as the primary source for development in the worldwide private cloud services industry.

In the private cloud services market, the rapidly growing sector is the SMEs. These organizations often need solutions that are affordable, simple to use, and only need a little customization. SMEs are especially drawn to cloud-based solutions because of their scalability, lower initial costs, and decreased requirement for internal IT knowledge.

• Large Enterprises
• SMEs

Private Cloud Services Vertical Segment Analysis

Private Cloud Services Market Vertical Segment Analysis

According to Cognitive Market Research, the BFSI segment holds the largest market share. The BFSI industry requires sophisticated systems to handle massive volumes of confidential finances, including customer and transactional data and regulatory paperwork. The strict needs of the BFSI industry are well suited for private cloud services, which prioritize data protection, adaptability, and scalability. To improve their efficiency in operations, handling of information, and general adaptability, the majority of financial institutions worldwide are turning to private cloud services.

In the private cloud services market, the rapidly growing sector is the healthcare & life sciences. The digitization of patient information speeds up the method, the massive growth of medical imaging data, and the use of telehealth in the healthcare sector. Large volumes of health information can be handled securely and flexibly by private cloud services, which also comply with strict privacy regulations. Private cloud services are becoming more and more common in the healthcare sector as medical professionals demand more effective sharing of information amongst medical professionals and as the demand for virtual healthcare services grows.

• BFSI
• Retail & Consumer Goods
• IT & Telecom
• Energy & Utilities
• Healthcare & Life Sciences
• Manufacturing
• Government & Public Sector
• Other Verticals

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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