According to Ian Marlow, the chief executive officer at FitechGelb, the chief executive officer at FitechGelb, the prediction confirms that the market’s future is bright.
Marlow attributes the positive projections to rapid migration to cloud-based solutions. The paradigm shift in how businesses manage operations is more likely to continue into the near future. In turn, this trend should boost the private cloud market’s revenues. Businesses increasingly realize the operational advantages of migrating to the cloud.
It is no surprise that cloud computing is now a superior technology in the software-as-a-service (SaaS) market, thanks to widespread adoption. Organizations can opt for public or private cloud services to suit their specific operational requirements.
Ian Marlow believes that flexibility and ease of data management are key factors driving increased interest in the private cloud market. Organizations also leverage significant privacy and cybersecurity advantages when switching to cloud platforms. By migrating to the cloud, businesses of all sizes gain access to efficient, scalable, and agile IT infrastructure. These benefits also contribute to the growth of the private cloud market.
However, Ian Marlow says that the market has experienced its fair share of challenges. Some obstacles associated with the sector include costly infrastructure and more complex connectivity requirements. Integration with legacy systems is also a sticky point that undermines adoption levels.
According to Marlow, service providers are more likely to work tirelessly to solve these challenges. The resultant improvements will help define the characteristics of private cloud services. Some key players in the market include Amazon, IBM Corporation, Dell Technologies, Google, and Cisco Systems. As a global leader in cloud computing, the United States will play an integral role in the future of the private cloud market.
Ian Marlow also touched on the increased adoption of private cloud services by the BFSI segment. He listed several reasons for this trend, including bolstering data protection, maximizing cost savings, and reducing capital expenditure (CapEx).
On the other hand, BFSI companies are keen to leverage the superior data analytics capabilities associated with cloud computing. As a result, they find it easier to gain insights into operational aspects, allowing organizations to improve their products and service offerings.
Ian boasts many years of business and tech experience. As the chief executive officer at FitechGelb, he is in charge of day-to-day operations, including overseeing private cloud services. Over the years, he has helped the company expand its services into areas, such as business process consulting.
Marlow also oversaw the establishment of the largest integrator partnership program in the United States. FitechGelb’s client-focused growth demonstrates Ian’s visionary approach to business management.