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Private Cloud Services Market to Grow by USD 385.7 Billion (2025-2029), Rising Demand for Enhanced Data Security Boosts Market, with AI Impacting Trends – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global private cloud services market size is estimated to grow by USD 385.7 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 19.6%  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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Private Cloud Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 19.6%

Market growth 2025-2029

USD 385.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.4

Regional analysis

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

Performing market contribution

North America at 51%

Key countries

US, Canada, India, South Korea, France, Italy, UK, China, Japan, 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 sectors like IT & Telecommunication, Healthcare, Media and Entertainment can benefit from private cloud solutions. Legacy systems and interoperability concerns are addressed through virtualization and cloud integration. Cost efficiency and scalability are key drivers for cloud adoption. HIPAA-compliant solutions cater to healthcare industry needs. Cloud migration, managed services, and hybrid cloud offerings provide flexibility for businesses. Cloud storage, computing, and management solutions ensure business continuity and disaster recovery. Cloud automation, security, and infrastructure management streamline operations. Cloud innovation continues with advancements in cloud applications, deployment, and architecture. Cloud providers offer customized solutions to meet diverse business requirements. Cloud performance and solution integration are essential for seamless operations. 

Financial institutions are increasingly adopting private cloud solutions to enhance their agility and reduce costs. Private Platform-as-a-Service (PaaS) enables the development, testing, and deployment of applications on secure cloud platforms. Data security and regulatory compliance are key concerns for financial institutions, making private clouds an attractive option. By investing in private cloud infrastructure, financial organizations can lower their capital expenditures and focus on business transformation initiatives. Digital transformation is a top priority, and private cloud services facilitate this by providing a secure and flexible environment for data processing and application development. In recent years, many financial institutions have made significant investments in private cloud infrastructure to protect their data and stay compliant with regulatory requirements. 

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 Market Challenges

Private cloud services offer businesses a dedicated and secure computing environment, addressing challenges in areas like computing resources, data security, and regulatory standards. However, implementing private cloud solutions comes with hurdles for Small and Medium Enterprises (SMEs) and Large Enterprises alike. IT infrastructure, legacy systems, interoperability concerns, and cost efficiency are common challenges. Industries like IT & Telecommunication, Healthcare, Media and Entertainment face additional regulations such as HIPAA. Scalability, virtualization, and cloud adoption are key considerations. Cloud migration, managed services, hybrid cloud, cloud storage, and cloud computing solutions offer benefits like business continuity, disaster recovery, cloud automation, and cloud management. Cloud security, infrastructure, performance, and innovation are crucial factors. Cloud providers offer various deployment models, architectures, and applications to cater to diverse business needs.A private cloud is a dedicated cloud solution for an individual organization or user. Third-party vendors deliver resources such as data centers or networking services, either on-premises or off-premises. Isolation and security are ensured through a private network, keeping the infrastructure exclusive to the organization. Compliance-sensitive workloads benefit from this setup. Customization is possible to meet unique business needs. However, the costs are 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 Small and medium enterpriseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and AfricaVertical

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. The benefits of private IaaS include better security, cost savings through elimination of upfront capital expenditures, quick access to resources, rapid innovation, and ease in shifting resource usage. Cisco Workload Optimization Manager and Amazon Virtual Private Cloud (VPC) are examples of private cloud IaaS products. In a private cloud environment, the IaaS vendor manages, maintains, and develops the dedicated pool of computing resources for a single organization or enterprise. The use of private IaaS services is increasing due to enhanced security, ease of access to resources, and the ability to quickly scale resources to accommodate changing business needs. This trend is particularly prominent among large enterprises and SMEs in developed and developing regions such as North America, Europe, and APAC. The private cloud’s security advantages, including dedicated resources and encryption, make it a preferred choice over public clouds for many organizations. The global private cloud services market’s IaaS segment is expected to grow significantly due to these factors.

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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. With data security being a top priority, Private Cloud Services provide an ideal solution for organizations seeking to protect sensitive information, particularly in industries subject to Regulatory standards such as HIPAA. SMEs and Large Enterprises in IT & Telecommunication, Healthcare, Manufacturing, Media and Entertainment, among others, can benefit from the scalability and cost efficiency of Private Cloud Services. Private Cloud Services enable businesses to virtualize their IT infrastructure and offer Managed services, Hybrid cloud solutions, Cloud migration, Cloud storage, and Cloud computing. These services ensure Business continuity and offer the flexibility to handle Legacy systems, making them an attractive option for organizations looking to modernize their IT environment. Private Cloud Services offer a cost-effective alternative to building and maintaining an on-premises data center while ensuring data security and regulatory compliance.

Market Research Overview

The Private Cloud Services market offers businesses the ability to leverage computing resources in a secure and customizable environment, meeting stringent data security requirements and regulatory standards. IT infrastructure for private clouds can accommodate legacy systems, addressing interoperability concerns, and catering to both SMEs and Large Enterprises in various industries such as IT & Telecommunication, Healthcare, Media and Entertainment. HIPAA compliance is a significant consideration for healthcare organizations. Private clouds offer scalability and cost efficiency through virtualization and managed services, enabling hybrid cloud solutions and cloud migration. Cloud storage, computing, and management are essential components, along with business continuity and disaster recovery solutions. Cloud automation, integration, and deployment are crucial for seamless adoption and implementation of cloud solutions. Cloud providers offer a range of infrastructure, architecture, and performance options to meet diverse business needs. Innovation in cloud services continues to drive advancements in cloud applications, security, and infrastructure.

Table of Contents:

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

ServiceIaaSSaaSPaaSTypeLarge EnterpriseSmall And Medium EnterpriseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaVertical

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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SOURCE Technavio

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Embracing the AI Era: Huawei Cloud Thailand Launched New Cloud Service Series to Accelerate Enterprises’ Shift to AI-Native

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BANGKOK, March 14, 2025 /PRNewswire/ — Huawei Cloud Thailand successfully hosted the “Intelligence Ignites a New Era: Huawei Cloud Reshaping Thailand’s Digital Wave” technology forum at the Renaissance Bangkok Ratchaprasong Hotel. The forum brought together over 200 business leaders and technology experts to delve into the value of data in the AI era, unveiling a suite of innovative cloud services designed to empower Thailand’s digital transformation with superior AI capabilities.

AI Strategy: A New Engine Empowering Industries
As AI drives the fourth industrial revolution forward, Celine Cao, CEO of Huawei Cloud Thailand, emphasized that: “AI should not be a high-barrier technology. Through open-source collaboration and innovation, every nation can build its own localized intelligent ecosystem.”

Prof. Jing Tang, D. Eng from Chulalongkorn University added, “Enterprises can achieve cost-efficient intelligent transformation by optimizing open-source large models with high-quality data assets. The cultivation of such data will be pivotal to successful AI implementation.”

Huawei Cloud Gives Thailand a Better AI Choice.
Huawei Cloud AI Cloud Service provides diverse, efficient, and stable computing power, enabling businesses and developers to rapidly build large-scale AI applications. The platform not only optimizes mainstream open-source models but also offers a cloud-based toolchain for streamlined development, eliminating complex configurations with one-click access and instant usability.

Technical Breakthroughs: The DeepSeek localization solution, powered by Huawei Cloud AI Cloud Service, reduces deployment cycles from 2 weeks to 2 days and cuts inference costs by 40%, supporting both full-scale and lightweight distilled models.

Scenario-Driven Innovations: Leveraging 30+ industry-specific best practices, Huawei Cloud launched three key solutions:Intelligent Interaction Hub: DeepSeek+Chatbot delivers precise semantic understanding and personalized interactions for high-concurrency scenarios across industries like customer service, education, healthcare, and finance.

Development Efficiency Revolution: DeepSeek+CodeArts boosts deployment efficiency by 20x, reduces code defects by 70%, and enables automated programming with intelligent Q&A and code inspection.

Knowledge Management Upgrade: DeepSeek+KooSearch integrates enterprise data to build unified intelligent knowledge centers.

Cloud Service Portfolio: Building Blocks for Digital Transformation
At the event, James Tan Shijie, Vice President of Solution Sales, Asia Pacific Cloud, announced a series of cloud services to accelerate enterprises’ transition from cloud native to AI-native.

CloudDC Solution: A one-stop cloud migration service for data centers, integrating deterministic operations, cloud DCs, and full-stack AI.

Backup & Disaster Recovery Continuity Center Solution: Ensures business continuity across five layers (management, applications, hosts, storage, cloud DCs), featuring risk detection within seconds, rapid recovery, and unified visibility.

Large Model Security Solution: End-to-end protection covering environment security, data compliance, model inference security, and unified security operations.

GaussDB & TaurusDB:GaussDB’s three-layer pooling architecture enables elastic resource scaling, while its dual-cluster disaster recovery design isolates hardware/software failures between clusters. An AI-powered DevOps assistant automates 90% of fault diagnosis and recovery.TaurusDB offers MySQL compatibility for seamless migration and pioneers AI-driven serverless capabilities with unique write scalability.

AI Cloud Service: Supports uninterrupted foundation model training for up to 40 days, with 10-minute fault recovery and compatibility with 100+ global models like DeepSeek and Llama.

Ecosystem Collaboration: Data-Driven Sustainable Growth
During the “C-Level Big Data Roundtable,” experts agreed that enterprises must build intelligent data governance systems to transform data assets into competitive advantages. Wu Shiwei, CTO of Huawei Cloud Asia-Pacific, stated, “Through open architectures and localized support, we empower Thai businesses to leap from data accumulation to value creation.”

This forum marks Huawei Cloud’s strategic upgrade in Thailand, combining “technology democratization” and “ecosystem collaboration” to fuel Thailand’s digital economy. With the rollout of these solutions, Huawei Cloud will continue driving intelligent transformation across Thailand

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SOURCE Huawei Cloud Thailand

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Saab receives order for additional Live Training equipment from U.S. Marine Corps

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STOCKHOLM, March 14, 2025 /PRNewswire/ — Saab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment. The order value for this award is USD $37 million (SEK 375 million) with deliveries taking place from 2025 to 2027.

This award ensures the U.S. Marine Corps will continue implementing Saab’s deployable and expeditionary MCTIS capability. This advanced, interoperable live training solution helps Marines train in the most realistic environments, significantly improving their performance and survivability on the battlefield. 

The system focuses on developing and reinforcing effective tactics, techniques and procedures, while also facilitating joint training with NATO allies during multinational exercises.

“We are honored that the U.S. Marine Corps continues to rely on us as their training partner for the next generation of Marine warfighters,” said Erik Smith, President and CEO of Saab in the U.S. “Our training capability enhances combat readiness by immersing Marines in realistic scenarios and rigorously analyzing their decision-making and actions, ultimately delivering on the objective of saving American lives. We take pride in providing the premier interoperable, land-based live training capability in the world.”

Saab’s collaboration with the U.S. Marine Corps began with a contract awarded in June 2021, marking the transition from the previous Instrumentation and Tactical Engagement Simulation System II (ITESS – II) to the MCTIS training system. 

Contact

Ben Decatur 
+1 (571) 926-5978 
benjamin.decatur@saabinc.com

Saab is a leading defense and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defense capability of several nations.

Saab, Inc. is a U.S. based wholly owned subsidiary, delivering advanced technology and systems, supporting the U.S. Armed Forces and the Federal Aviation Administration, as well as international and commercial partners. Headquartered in Syracuse, New York, the company has business units and local employees in nine U.S. locations.

This information was brought to you by Cision http://news.cision.com.

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Saab receives order for additional Live Training equipment from U.S. Marine Corps

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Saab Training and Simulation Live Training

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Saab Training and Simulation support

 

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SOURCE Saab

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FLORIDA SOUTHERN COLLEGE NAMES BRITTANY BEHRENS, MSN, RN, CNE, CHSE, THE MAIDA BADCOCK POU ENDOWED CHAIR IN NURSING SIMULATION

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LAKELAND, Fla., March 14, 2025 /PRNewswire/ — Florida Southern College is excited to announce Brittany Behrens, MSN, RN, CNE, CHSE, as being named the Maida Badcock Pou Endowed Chair in Nursing Simulation.

This honor is made possible by a generous gift from alumna Ebbie Sue Pou Doherty, class of 1981, dedicated to the legacy of Maida Badcock Pou, a Florida Southern Trustee Emerita whose service and philanthropy left a lasting impact on the College.

A proud Florida Southern College graduate with a Bachelor of Science in Nursing in 2014 and a Master of Science in Nursing Education in 2017, Behrens began her career at FSC in 2015 as a part-time Simulation Lab Assistant. She transitioned to a full-time faculty role in 2017 and lastyear assumed the position of Nursing Simulation Lab Manager and Instructor in the Ann Blanton Edwards School of Nursing and Health Sciences. In this role, she fosters a dynamic learning environment where students develop essential nursing skills through clinical experiences.

“I am incredibly honored to receive the Maida Badcock Pou Endowed Chair in Nursing Simulation,” said Behrens. “This endowment will allow Florida Southern College to further enhance our simulation program, equipping students with high-quality simulation experiences to improve critical thinking and clinical judgment skills. I am so grateful for the generosity that surrounds this school and will use this opportunity to ensure that our graduates are confident, competent, and ready to meet the evolving demands of healthcare.”

Ebbie Sue Pou Doherty, retired Vice President of Employee Services at W.S. Badcock Corporation, shared, “My family and I are honored to continue my mother’s legacy by creating this endowed chair. We hope it will be a platform for future leaders in nursing simulation to continue pushing the boundaries of education and healthcare.”

About Florida Southern College
Founded in 1883, Florida Southern College is the oldest private college in the state. The College maintains its commitment to academic excellence through 70+ undergraduate programs and distinctive graduate programs in business administration, education, nursing, and physical therapy. Florida Southern has a 14:1 student-to-faculty ratio, is an award-winning national leader in engaged learning, and boasts 30 NCAA Division II National Championships. In the U.S. News & World Report’s 2025 “Best Colleges” guide, Florida Southern ranks #11 among “Best Regional Universities in the South,” #9 in “Most Innovative Schools,” and #20 in “Best Value Schools.” The College is also highlighted in The Princeton Review’s 2024 Best 389 Colleges guide and the “Fiske Guide to Colleges 2025.” The 2024-2025 Colleges of Distinction guidebook praises Florida Southern’s AACSB accredited Barney Barnett School of Business and Free Enterprise alongside the College’s School of Education and its Ann Blanton Edwards School of Nursing and Health Sciences. Home to the world’s largest single-site collection of Frank Lloyd Wright architecture, FSC has appeared on The Princeton Review’s top 20 “Most Beautiful Campus” national listing for 13 consecutive years, now ranking #5. Connect with Florida Southern College. 

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SOURCE Florida Southern College

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