The idea of a ‘private cloud’ has been with us for nearly 10 years now, yet surprisingly, a new analysis indicates that the growth of this once extremely-hyped sector has slowed dramatically while the adoption of the public cloud has continued to grow steadily.
An analysis by the tech community resource Wikibon of the true size of the private cloud concluded that the current overall market size is around US$7-billion, while the size of the public cloud is nearly four times as large at US$25-billion. In fact, one of the largest public cloud firms, Amazon Web Services (AWS) is larger than the entire private cloud market. AWS came in at a value of US$7.9-billion in 2015.
