While public cloud’s hypergrowth garners a lot of press, we expect opportunities to continue for private cloud solutions. In our recently published Private Cloud Solutions Forecast, 2016 To 2021 (Global) we expect the market to grow at a compound annual growth rate (CAGR) of 11.0% over the 2016-to-2021 period.
Private cloud can provide the speed-to-market and scalability of public cloud, yet with enhanced security. Improved IT infrastructure manageability and flexibility are the key drivers of private cloud adoption. Many regulated industries, such as financial services, will continue to use private cloud due to security and regulatory concerns.
We project that pre-integrated converged solutions and appliances will be the fastest-growing sector, with an annual growth rate of 16.7% over the forecast period. These “cloud-in-a-box” turnkey solutions fast track a company’s path to the cloud. In our Global Business Technographics® Infrastructure Survey, 2015 , 14% of respondents plan to use pre-integrated converged solutions and appliances for their internal private cloud.