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Need for Better Control and Enhanced Security of Enterprise Data Boosting Private Storage Cloud Market

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Published on : Aug 18, 2017

Albany, New York, August 18, 2017: The comprehensive report on global private cloud market provides an elaborate assessment of the key market dynamics, notable trends and emerging opportunities, major technological advancements, size of various segments, and competitive landscape in various regions. 

The research present in-depth insights into the vendor landscape, key factors driving the growth of prominent product segments, and emerging applications. It analyzes major enterprise trends boosting the uptake in the coming years. Key regional markets covered in the report are Europe, Asia Pacific, North America, South America, and the Middle East and Africa, with a focus on the United States. The report evaluates the share and size of various product segments such as personal computer private cloud storage, NAS private cloud storage, Wi-Fi mobile private cloud storage, and intelligent routing private storage. 

The growing inclination toward better control and enhanced security of enterprise data has led to the evolution of the market. Mounting security concerns of crucial data lying vulnerable to hacks and unintended access in public clouds have triggered the demand for private cloud. The rapidly growing bandwidth constraints limiting operations in organizations in various developing and developed nations has catalyzed the private storage cloud market. 

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The need for a reliable and secure cloud infrastructure has propelled the demand for private clouds. The demand for secure and private file storage has bolstered the uptake of private cloud. Private clouds typically offer better performance, higher speed, and equip the end users with multiple layers of security. The losing relevance of one-size-fits-all for next-generation digital businesses is a key factor expected to accentuate the market. The growing popularity of pay-as-you-go model and the rising prominence of hybrid cloud are key factors likely to hinder the demand for private cloud. Nevertheless, the evolution of software as a service (SaaS) to be used as a proven platform for managing on-premises services is likely to open lucrative growth avenues in the coming years. 

Geographically, North America is projected to be a prominent market for private storage cloud, with substantial demand coming from the U.S. Meanwhile, Asia Pacific is projected to lead the global market in the coming years. Countries such as China and India are expected to provide lucrative growth avenues to vendors. In addition, a major part of the demand for the deployment of private cloud will come from several nations of Southeast Asia. 

Key market players competing for a significant share in the private storage cloud market include Softlayer, Synplicity, Carbonite, Barracuda, pCloud, Livedrive, Internap, Crashplan, Hewlett Packard Enterprise (HPE), Microsoft, Google, IBM, and Amazon. 

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