Hosted private cloud market to grow 35.4% to $40.6 billion

Dubai - IDC predicts that the worldwide market for hosted private cloud, which amounted to $8.9 billion in 2014, will grow at a compound annual growth rate of 35.4 per cent.

Considering the more-than-35 per cent expected growth for hosted private cloud in the next four years, Veeam has launched its new managed backup portal for service providers and called it "business-in-a-box".
IDC predicts that the worldwide market for hosted private cloud, which amounted to $8.9 billion in 2014, will grow at a compound annual growth rate of 35.4 per cent to reach $40.6 billion in 2019.
To enable partners to maximise this opportunity, deliver trusted availability solutions via the cloud and carve out new - or expanded - routes to market, Veeam Software, a provider of solutions that deliver availability for the always-on enterprise, has announced Veeam Managed Backup Portal for service providers.
The company declined to disclose the prices but said it will be available during the first quarter of next year with the initial offering only being available through the Microsoft Azure Marketplace.
The backup portal streamlines the delivery of Veeam-powered backup services including BaaS for service providers, including resellers interested in launching a service provider business.
It provides a "business-in-a-box" by including remote monitoring and management of customer backups via a service provider portal for administrative and billing purposes, and a customer portal for basic self-service monitoring and configuration.
For both the established service provider or for partners wishing to carve out new opportunities for themselves as a service provider, this new offering provides the ideal foundation to deliver value-added services to customers and drive competitive advantage.
"IT solution providers are facing many disruptive challenges in 2015 and beyond. To succeed, they must be selling the third platform of cloud, analytics, mobile and social, they must be more strategic to their customers, and they must embrace the new consumption economy," said Darren Bibby, program vice-president for channels and alliances research at IDC.
"Traditional partners must re-evaluate the way they conduct business, and one key positive change they can make is to offer solutions based on both cloud and managed services. The cloud presents a huge opportunity to those partners open-minded enough to embrace change," Bibby added.
Ratmir Timashev, chief executive officer of Veeam, said: "Comprehensive availability strategies can only be delivered by true availability experts, which is why more and more companies who do not possess this expertise internally are looking to trusted managed service providers to help."
- business@khaleejtimes.com