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Private cloud to grow from $ 15.9 billion in 2017 to $ 26 billion in 2022, says Forrester

November 30, 2017

 

According to a report by research firm Forrester, the market for private cloud environment will grow from $15.9 billion in 2017 to $26 billion in 2022, registering a 10.3 per cent compound annual growth rate (CAGR).

Despite the recent interest of companies to use public cloud platforms to host legacy applications, private cloud deployments still remain a priority. As per the report, while 59 per cent of global infrastructure decision-makers rated building an internal private cloud operated by information technology (IT) as a critical or high infrastructure priority, 61 per cent rated hosted private cloud as a high priority.

The use of open source as part of a private cloud solution is increasing. In 2016, 42 per cent of global infrastructure decision makers' internal private cloud platform was custom-built using open source software. This number increased from 39 per cent in 2015.

Private cloud software suites also face challenges. They are expensive and it is not financially feasible for all companies to spend over $1 million for a 1,000 virtual machine (VM) environment. In addition, private cloud software suites require technical expertise that's often lacking at a typical enterprise.

These challenges would dampen adoption of private cloud software suites, especially as budgets shift toward development tools and training. The report expects private cloud software suites to grow at 6 per cent annually over the forecast period.

 

 

 

 

 

 

 
 

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