Private Cloud Market Stays Robust Across the Globe

SOURCE: Allied Market Research

Cloud computing platform implemented under IT department’s control within corporate firewall is termed as private cloud. Private cloud is also known as corporate cloud or internal cloud. Best for trades with dynamic computing requirements that need direct management of their environments, private cloud delivers benefits such as scalability. Although private cloud delivers similar benefits to public, such as self – self, but via proprietary architecture. On the other hand, unlike public cloud known to provide solutions to multiple enterprises, private cloud serves a single enterprise.

Benefits of Private Cloud

– Private clouds are popular for offering reliability. Private cloud provides enhanced services that are highly predictive. Moreover, they are backed by fault tolerant networks

– Private cloud further provides flexibility and scalability to meet the dynamic demands of the customers

– Moreover, the payment as well as measurement depends upon the usage of the service

– Resource sharing made possible among large number of customers

– Private cloud provides resources such as application and infrastructure as solution

The private cloud can be categorized as follows;

Software Solutions

The software solutions or software – only cloud platform is positioned atop a user’s current hardware. This variation can conveniently automate the provisioning of available resources, ensures proper management of access to infrastructure resource and tracks its usage.

Pre – integrated Converged Systems

The second variation of private cloud, the pre – integrated converged systems consists systems sold collectively as hardware and software packages.

Managed private cloud.

The third variation managed private cloud mainly combines software/hardware bundles, that’s stationed at client premises. However, the major difference here is managed private cloud are usually managed by a service provider or vendor. The vendor is responsible for providing customer support, upgrades, remote assistance and maintenance of private cloud.

Brands Stay Focused On Introducing New Features

Observing the adoption rate, brands are constantly adding new features. Earlier difficult and clunky to install, NAT gateways for virtual private clouds by Amazon is now a talk of the town. However, they have set limits and are not free. At CES 2016, 3DPrinterOS introduced to the world a private cloud platform for enterprises and business owners. As a wide range of customers, including those active in the educational sector, 3DPrinterOS intends to see everyone using their cloud services. The company was aware that this may be an issue with few enterprises, especially when it comes to IP concerns, restricting the use of public cloud. Another company Kaspersky Lab has launched a new security private cloud that boasts of offering real – time updates on threats to users without sending company information to public cloud. In a press release Nikita Shvetsov, CTO at Kaspersky Lab said “In large companies and in state organizations, there are typically very strict information security policies in place regulating inbound and outgoing data traffic,” said Kaspersky CTO Nikita Shvetsov in a press release. “However, in light of an ever-growing number of cyber-threats, security solutions work most efficiently only when they maintain a continuous data exchange with a cloud, which contains the most recent threat data.”

Recent Funding

Private cloud service providers active worldwide are also attracting investors. In a recent event the much sought after vendor Cloudyn is believed to have raised approximately $ 11 M to expand and make the most of its private cloud monitoring chops. Another prominent market player Scalr has also scored about $7.35 M to keep a check on customer clouds.

Eyeing the growing private cloud market Allied Market Research has published a report titled “World Personal/Private Cloud Market – Opportunities and Forecasts, 2014 -2020” As per the market research report the market is anticipated to garner $89.9 billion by 2020. The study also indicates that the market would register a CAGR of 33.1 percent during the forecast period 2014 – 2020.