In the past year, we've seen an interesting change in the private cloud space: Cloud platforms and private cloud hosting are gaining share at the expense of private cloud software suites.
In Forrester's latest private cloud forecast update, we have increased our growth rates for both private cloud platforms and hosted private cloud. ForecastView clients can access more details in the Forrester Data: Private Cloud Solutions Forecast, 2017 To 2022 (Global).
Forecast Update. What's driving the shift? Cloud platforms are often low cost or free.
Companies are building around these basic platforms or using development platforms to directly integrate into cloud platforms. While firms must devote additional in-house IT resources to building a private cloud using platform tools, these solutions will appeal to firms that are comfortable with a DIY approach.
We expect the market for private cloud platforms to grow at 5. 9% annually over the 2017 to 2022 period.