DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xnm2w5/global_private) has announced the addition of the "Global Private Cloud Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Private Cloud market to grow at a CAGR of 8.98 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reduced costs of the cloud approach. The Global Private Cloud market has also been witnessing the growing adoption of hybrid cloud computing models. However, the high initial costs of private cloud adoption could pose a challenge to the growth of this market.
The key vendors dominating this market space are Amazon.com Inc., Hewlett Packard Co., IBM Corp., Microsoft Corp., and VMware Inc.
The other vendors mentioned in the report are Salesforce.com, Red Hat Corp., Dell Inc., Citrix Systems Inc., Rackspace Inc., Computer Science Corp., and EMC Corp.
Commenting on the report, an analyst from TechNavio's Data Centers team said: ''The rapid expansion of enterprise businesses and the advanced equipment required to meet the growing business requirements is increasing the complexity of the network infrastructure. To address the complexity, enterprises are adopting private cloud solutions which centralize the storage and allocation of computing resources to the end-users. The private cloud has a limitation in terms of the capacity of computing resources that it can allocate to the end-users. Cloud service providers are adopting hybrid cloud models where the computing resources are accessed from the public cloud in case of scarcity of resources in the private cloud infrastructure. The enterprises are charged on a use basis which turns out to be more economical for them. The data is stored within the enterprise premises.''
For more information visit http://www.researchandmarkets.com/research/xnm2w5/global_private