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According to Forresters Infrastructure Cloud Survey in 2023, 79% of roughly 1,300 enterprise cloud decision-makers surveyed said their firms are implementing internal private clouds, which will use virtualization and private cloud management. Nearly a third (31%) of respondents said they are building internal private clouds using hybrid cloud management solutions such as software-defined storage and API-consistent hardware to make the private cloud more like public cloud, Forrester adds.

IDC forecasts that global spending on private, dedicated cloud services which includes hosted private cloud and dedicated cloud infrastructure as a service will hit $20.4 billion in 2024, and more than double by 2027. Global spending on enterprise private cloud infrastructure, including hardware, software, and support services, will be $51.8 billion in 2024 and grow to $66.4 billion in 2027, according to IDC.

While those numbers pale compared to public clouds expected $815.7 billion in 2024, IDCs McCarthy sees hybrid cloud infrastructure as the future for most enterprises in this area. The emergence of turnkey private cloud offerings from HPE and Dell, McCarthy says, gives customers a private cloud they can run on premises or in a co-location facility that provides managed services.

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Private cloud makes its comeback, thanks to AI - CIO