Private Cloud Use Cases: 6 Ways Private Cloud Brings Value To Enterprise Business
IBM News, Thursday, March 28th, 2024
As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs.
According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 billion by 2033, up from USD 92.64 billion in 2023.
What is a private cloud?
A private cloud is a single-tenant cloud computing model in which all of the hardware and software resources are dedicated exclusively to-and accessible only by-a single organization.