Today, IDC released the results of their Worldwide Hosted Private Cloud Services 2012-2016 Forecast: New Models for Delivering Infrastructure Services report, which was conducted in late 2012. According to the report, the Hosted Private Cloud sector is expected to see 50% compound annual growth, resulting in a $24 billion market by 2016.
Many Hosted Private Cloud offerings are a hybrid between Dedicated Private Cloud and Virtual Private Cloud models. The Dedicated Private Cloud model offers the user the most control over their data, while the Virtual Private Cloud model is more akin to a public cloud with shared virtual resources. The IDC is predicting that of these two models, the Private Cloud offering will see steady adoption growth based on the model’s similarity to the public cloud, currently being used by a variety of organizations. IDC also expects that Hosted Private Cloud will act as the framework for new infrastructure services.
“IDC anticipates that virtual private cloud will be the predominant operational model for companies wanting to take advantage of the speed and lower capital costs associated with cloud computing while cloud service providers will welcome the move away from the expense of dedicated 1:1 physical systems for delivering their business process and datacenter outsourcing and other services,” explained Robert Mahowald, Research Vice President of SaaS and Cloud Services, IDC, in a press release today.
To learn more about the Worldwide Hosted Private Cloud Services 2012-2016 Forecast: New Models for Delivering Infrastructure Services report, please visit the site here.