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Private Cloud Services Market to Grow by USD 619.08 Billion (2024-2028), Driven by Demand for Enhanced Data Security, with AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global private cloud services market size is estimated to grow by USD 619.08 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 26.71%  during the forecast period. Increased inclination for private cloud for enhanced data security is driving market growth, with a trend towards increasing acceptance of private cloud in BFSI segment. However, high costs associated with private cloud services  poses a challenge.Key market players include Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, ServiceNow Inc., Tencent Holdings Ltd., Verizon Communications Inc., VMware Inc., and Workday Inc..

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Private Cloud Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 26.71%

Market growth 2024-2028

USD 619.08 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.9

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 59%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, ServiceNow Inc., Tencent Holdings Ltd., Verizon Communications Inc., VMware Inc., and Workday Inc.

Market Driver

Private cloud services have gained significant traction in the business world due to their ability to offer dedicated computing resources with enhanced data security and compliance with regulatory standards. IT infrastructure for SMEs and large enterprises in industries such as IT & Telecommunication, Healthcare, Media and Entertainment can benefit from private cloud solutions. Legacy systems and interoperability concerns are addressed through cloud integration and deployment. Scalability and cost efficiency are key drivers for cloud adoption, with virtualization and managed services enabling businesses to optimize their IT resources. Cloud providers offer a range of solutions including hybrid cloud, cloud storage, and cloud computing, ensuring business continuity and disaster recovery. Cloud automation, management, and security solutions ensure seamless operations and protection of sensitive data. Cloud infrastructure, applications, and performance continue to innovate, driving growth in the private cloud services market. 

Financial institutions are increasingly adopting private cloud solutions for their agility and cost savings. Private Platform-as-a-Service (PaaS) enables the development, testing, and deployment of applications on a secure cloud platform. The need for data security and regulatory compliance drives this trend. Financial organizations seek to reduce capital expenditures and focus on business transformation initiatives. Digital transformation is a priority, and private cloud services help achieve this goal. Many financial institutions have already invested in private cloud infrastructure due to their large data generation requirements. 

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 Market Challenges

Private cloud services offer businesses the flexibility and scalability of cloud computing while maintaining control over their IT infrastructure. However, there are challenges that must be addressed for successful adoption. These include securing computing resources, complying with regulatory standards, integrating with legacy systems, ensuring interoperability, and addressing the needs of SMEs and large enterprises in various industries such as IT & Telecommunication, Healthcare, Media and Entertainment, and those subject to HIPAA. Scalability, cost efficiency, and virtualization are key benefits, but challenges like cloud migration, data storage, business continuity, and disaster recovery require careful planning and the right cloud solutions and providers. Cloud architecture, performance, security, and innovation are ongoing concerns. Ultimately, the goal is to find the right cloud deployment and management strategy for your business needs.A private cloud is a dedicated cloud solution for an organization or individual, offering secure and isolated computing resources. Services like data centers and networking are delivered either on-premises or off-premises by third-party vendors. The infrastructure is not shared with other customers, ensuring greater control and visibility for businesses with compliance-sensitive IT workloads. Customization is a key benefit, catering to unique business needs. However, the costs for customized private cloud services can be substantial due to the dedicated resources involved.

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Segment Overview 

This private cloud services market report extensively covers market segmentation by  

Service 1.1 IaaS1.2 SaaS1.3 PaaSType 2.1 Large enterprise2.2 Small2.3 medium enterpriseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 IaaS-  Private cloud IaaS (Infrastructure as a Service) is a business model that delivers outsourced computing infrastructure, including servers, storage, and data center space or network components, over the internet. IaaS vendors offer enterprises on-demand access to a large pool of IT equipment installed across multiple data centers. This model provides several benefits, such as better security, cost savings, quick access to resources, rapid innovation, and ease in shifting resource usage. Private cloud IaaS solutions are more secure as they operate within corporate firewalls, eliminating the need for upfront capital expenditures and reducing costs. They offer quick access to resources, allowing businesses to scale up or down as needed, and enable innovation with minimal lead time. Cisco Workload Optimization Manager and Amazon Virtual Private Cloud (VPC) are examples of private cloud IaaS products. Through these offerings, vendors provide dedicated hardware, software, and support infrastructure to a single tenant. Private IaaS services are gaining popularity due to their security advantages, ease of use, and cost savings, making them an attractive option for both large enterprises and small and medium-sized businesses. The increasing adoption of private cloud services by governments in developed and developing regions is also expected to fuel market growth.

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Research Analysis

The Private Cloud Services market offers businesses the ability to leverage Computing resources and IT infrastructure within their own secure environments. Data security is a top priority, with regulatory standards such as HIPAA ensuring compliance for industries like Healthcare. SMEs and Large Enterprises in IT & Telecommunication, Manufacturing, Media and Entertainment, and other sectors can benefit from the scalability and cost efficiency of Private Cloud Services. Legacy systems can be seamlessly integrated, addressing Interoperability concerns. Managed services, Hybrid cloud, Cloud migration, Cloud storage, and Cloud computing solutions are available to meet various business needs. Business continuity is ensured through virtualization and data center services. Private Cloud Services offer a flexible and customizable alternative to Public Cloud Services, making them an attractive option for organizations looking to maintain control over their IT environment.

Market Research Overview

The Private Cloud Services market offers businesses the ability to leverage Computing resources and IT infrastructure within their own secure environments. Data security is a top priority, with regulatory standards such as HIPAA ensuring compliance for industries like Healthcare. Legacy systems can be integrated with cloud solutions through Cloud integration and Cloud deployment, addressing Interoperability concerns. SMEs and Large Enterprises in IT & Telecommunication, Media and Entertainment, and other sectors benefit from the Scalability and Cost efficiency of Private Cloud Services. Virtualization, Cloud management, and Cloud security ensure Business continuity and Disaster recovery. Cloud automation and Cloud performance enhance productivity, while Cloud infrastructure, Cloud solutions, and Cloud adoption continue to drive innovation. Cloud providers offer Managed services, Hybrid cloud, Cloud storage, Cloud computing, and Cloud architecture to meet diverse business needs. Cloud migration and Cloud integration are essential for seamless transition to the cloud.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceIaaSSaaSPaaSTypeLarge EnterpriseSmallMedium EnterpriseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Redefining Charging: Anker Innovations Showcases Smart and Sustainable Solutions at CES and Unveils New Lineup in Taiwan

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January 13, 2025

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BELLEVUE, Wash., Jan. 13, 2025 /PRNewswire/ — Anker Innovations, a global leader in mobile charging and consumer electronics, today unveiled its latest groundbreaking charging innovations at the Consumer Electronics Show (CES), held January 7-10 in Las Vegas. Among the featured products from Anker mobile charging and Anker SOLIX are the 25,000mAh Anker Power Bank, Anker 140W Charger, EverForest 2 Electric Cooler and Solar Umbrella, redefining fast-charging standards for users worldwide.

The products mentioned above will soon be available in Southeast Asia as well. “As the world’s No.1 mobile charging brand, we are grateful for the support of Southeast Asian consumers,” said Leon Wu, Head of Anker Innovations Southeast Asia. “Our mission is to ignite possibilities through ultimate innovation, and we are committed to providing products that exceed consumer expectations in Southeast Asia.”

Anker Innovations, a global leader in fast-charging technologies, develops products for home, office, and on-the-go charging. By integrating Gallium Nitride (GaN) technology and proprietary features, Anker delivers a safer, faster, and more sustainable charging experience. The Anker Prime Charging Docking Station (14-in-1, 160W) won the CES 2025 Innovation Award in the Computer Peripherals & Accessories category.

Leading the Future of Charging Technology

Anker’s new line of high-speed USB-C chargers are available exclusively on apple.com and at select Apple Store in Taiwan, designed to meet a variety of charging needs and can efficiently charge Apple Watches, AirPods,iPhones, iPads, MacBooks, and more, making them the perfect companion for Apple devices.

As a global pioneer in charging technologies, Anker continues to push the boundaries of what’s possible. Featuring cutting-edge GaN technology, these latest products deliver faster speeds, reduced heat generation, and more compact designs compared to traditional silicon-based chargers.

More importantly, these innovations are designed with user insights in mind, transforming charging devices from cold hardware into interactive and connected ecosystems, solidifying Anker’s status as a leader in next-generation charging technology.

Anker has recently launched its new series in Taiwan, including the Anker MagGo Power Bank (10K, Slim), Anker Prime Power Bank (9.6K, 65W, Fusion), and Anker MagGo Power Bank (10K, 35W, For Apple Watch). Enjoy a NT$100 discount on new products with pre-orders from January 10 to February 9 on the official website.These new products are designed to provide Taiwanese consumers with an enhanced experience and greater benefits, offering superior convenience, performance, and functionality.

Anker MagGo Power Bank (10K, Slim)

Anker’s slimmest Magnetic power bank yet, the MagGo Power Bank (10K, Slim), measures just 0.58 × 2.78 × 4.09 inches, offering maximum portability. Featuring ultra-fast 15W Qi2-certified wireless charging, it can charge an iPhone 16 Pro from 0 to 50% in just 51 minutes. Additionally, its 30W USB-C port ensures broad device compatibility, showcasing Anker’s innovation in mobile charging.

The power bank combines a sleek matte UV finish with a sturdy metal frame, offering both durability and an ergonomic design. Aerogel thermal insulation keeps it cool to the touch, and its 10,000mAh capacity provides 1.7 times full charge for an iPhone 16 Pro, making it ideal for daily use and travel.

Anker MagGo Power Bank (10K, Slim) suggested retail price: NT$1,990.

Anker Prime Power Bank (9.6K, 65W, Fusion)

Anker continues to push the boundaries of innovation with the Anker Prime Power Bank (9.6K, 65W, Fusion), delivering powerful 65W high-speed charging. Even in power bank mode, the single Type-C port can fast charge a laptop at 65W. With its dual-function design, it serves both as a compact 9,600mAh power bank and a wall charger, offering unmatched flexibility for users on the go.

Despite its small size, weighing just 10.76 oz, the Anker Prime Power Bank packs monumental power, easily fitting into any pocket or bag. The 1.3-inch smart LCD display provides real-time updates on battery levels and power output, ensuring users stay fully informed during charging. This combination of portability, power, and smart functionality underscores Anker’s commitment to innovation in charging technology.

Anker Prime Power Bank (9.6K, 65W, Fusion) suggested retail price: NT$3,290.

Anker MagGo Power Bank (10K, 35W, For Apple Watch)

The MagGo Power Bank (10K, 35W, For Apple Watch) is designed to provide all-around charging for Apple devices with its 10,000mAh capacity. It features an adjustable, Apple-certified Apple Watch charger and a built-in USB-C cable, ensuring fast, on-the-go power. The power bank can charge an Apple Watch Series 10 from 0 to 30% in just 20 minutes, while its 30W USB-C port supports simultaneous charging of other devices, even more impressive, the input power is up to 30W, and the power bank supports simultaneous charging and recharging.

Compact and travel-friendly, the MagGo Magnetic Power Bank measures just 3.7 × 2.0 × 1.3 inches, making it as small as a standard mouse and fully flight-approved for easy portability. With the capacity to deliver 1.8 times full charges for an iPhone 16 Pro and 4 times full charges for an Apple Watch Series 10, this power bank showcases Anker’s commitment to combining innovation with convenience for Apple users.

Anker MagGo Power Bank (10K, 35W, For Apple Watch) suggested retail price: NT$2,490.

About Anker

Anker is the world’s #1 mobile charging brand and a developer of high-speed charging technologies for the home, car, and on the go. This includes wall plugs, wireless chargers, car chargers, power banks, cables, and more. Find out more about Anker at anker.com.

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SOURCE Anker Innovations

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Ishan Technologies Wins Frost & Sullivan’s 2024 Emerging Company of the Year Award in Network Services

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January 13, 2025

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AHMEDABAD, India, Jan. 13, 2025 /PRNewswire/ — Ishan Technologies, a leading ICT company specializing in system integration, network services, data center, cloud solutions, and cybersecurity, has been honored with the 2024 India Network Services Emerging Company of the Year Award by Frost & Sullivan. This prestigious recognition highlights Ishan Technologies’ exceptional performance and contribution to the network services industry over the past year.

Ishan Technologies has consistently demonstrated excellence through innovative solutions, customer-focused services, and a strong commitment to delivering value to its clients. By enabling businesses to thrive with reliable network services, the company has solidified its position as a key player in the Indian ICT sector.

On receiving the award, Mr. Pinkesh Kotecha, Chairman and Managing Director of Ishan Technologies, said, “We are truly honored to receive the 2024 India Network Services Emerging Company of the Year Award from Frost & Sullivan. At Ishan Technologies, we strive to stay ahead of the curve, continuously evolving to meet the dynamic needs of the ICT landscape. This award motivates us to further our commitment to innovation, sustainability, and exceptional customer experiences. We extend our heartfelt gratitude to Frost & Sullivan for acknowledging our efforts and to our employees, customers, and stakeholders for their unwavering support.”

The Frost & Sullivan Best Practices Awards recognize industry leaders who set benchmarks through their unique strategies and impactful contributions. Recipients are identified through comprehensive research and evaluation based on criteria such as market disruption, competitive differentiation, leadership, customer experience, and brand equity.

“Ishan Technologies has expanded its operations across 100+ locations in India, addressing the critical network and cloud connectivity challenges faced in industry. By partnering with Google Cloud for secure service access and Versa Networks for AI/ML-powered SASE solutions, they ensure the availability of 99.99% and provide enhanced network performance. These collaborations focus on secure, high-speed broadband, network connectivity, and cloud services, driving business growth, security, and digital transformation across India,” said Sapan Agarwal, Global Senior Vice President, Frost & Sullivan.

About Ishan Technologies

Ishan Technologies is a leading ICT provider with a pan-India presence, specializing in communication, network, cloud, and cybersecurity solutions. With over 20 years of experience, it is known for its expertise in system integration, data center services, and ISP capabilities, providing cutting-edge solutions that empower businesses to thrive in the digital age. With over two decades of experience and a commitment to innovation, Ishan continues to drive digital transformation for its clients across India.

For more information about Ishan Technologies, please visit our website www.ishantechnologies.com.

 

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Huawei Unveils a New Era of Foldable Excellence at ‘Unfold the Classic’ Launch in Dubai

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January 13, 2025

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DUBAI, UAE, Jan. 13, 2025 /PRNewswire/ — Huawei Consumer Business Group unveiled several highly anticipated products that ushers in a new era of flagship foldable excellence, as part of the “Unfold the Classic” HUAWEI Flagship Product Launch held in Dubai on December 12.

 

Amongst the brand new innovations include the HUAWEI Mate X6, HUAWEI nova 13 series, HUAWEI FreeBuds Pro 4, HUAWEI FreeClip Rose Gold and HUAWEI MatePad 11.5. This comprehensive suite of products represents a new era of flagship innovation, showcasing Huawei’s commitment to continuous advancement and elevating consumer engagement.

HUAWEI Mate X6: Makes a Stunning Global Debut

Headlining the HUAWEI Flagship Product Launch event is the next generation of their Mate series foldables, the HUAWEI Mate X6. An all-rounded and advanced smartphone that brings significant upgrades to display, camera, durability, user experience, and more.

HUAWEI Mate X6’s Space-Age Orbit around the camera layout gets inspiration from planetary orbits, symbolizing the infinite possibility of the future. The exclusive Nebula Gray edition is named after its nebula texture, smooth to the touch, which is crafted via Micro-Nano 3D Topography using an innovative material called Vegan Fiber. The HUAWEI Mate X6 is also available in Nebula Red and Black.

An innovative distributed architecture delivers a huge leap in HUAWEI Mate X6’s network, cooling, and durability.

The incredible camera system features a new Ultra Chroma Camera with 1.50 million spectral channels, a 50 MP Ultra Aperture Camera that supports a 10-size physical aperture, a 40 MP ultra-wide-angle camera, and a 48 MP telephoto micro camera, enabling breakthrough foldable photography.

HUAWEI Mate X6 introduces Live Multi-task, a new way to multi-task efficiently. With this feature, users can run three applications simultaneously with the screen unfolded in an expanded view.

HUAWEI XMAGE Dubai Gala: A Heartwarming World

Starting from Dubai on 9th May, after stops in Kuala Lumpur, Mexico City, Hong Kong, Shanghai, Shenzhen and Istanbul, A Heartwarming World — HUAWEI XMAGE Dubai Gala is the conclusion of the HUAWEI XMAGE worldwide shows in 2024. It showcased this year’s extraordinary winning works, which inspire consumers to use innovative HUAWEI products to create, to capture, and to challenge.

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SOURCE HUAWEI

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