All You Need To Know About Private Cloud Storage
So you’ve been thinking about the benefits of transferring your business files from the public cloud to a private or managed hosting security solution.
Well, this is where this article comes in handy.
I’m going to explain why many businesses are adopting private cloud data storage, what it entails and how it can help you work smarter.
What is private cloud storage?
Private cloud storage is also known as internal cloud storage for some.
It enables users to store and access all their business files at one central point, regardless of which device they’re using.
The fundamental difference between public cloud storage and private hosting is that the latter offers higher security because it’s not accessible to a wide audience but only by specific people who have user credentials.
Private cloud data storage is a rapidly growing service that offers businesses, and in some cases, consumers, access to online data storage capacities.
All of this is because consumers need secure cloud service as the demand grows.
Essentially, it’s a virtualized server space (aka cloud) that you can use to store files and other information.
Private cloud data storage is also an effective way to manage your business’s data without a large investment in hardware if you had decided to start small.
Private cloud storage has become increasingly popular because of its ability not only to store but also to secure your files with the decreasing of the hard drive cost.
You can increase the capacity anytime you want within your growth and budget.
Is private cloud more secure than public cloud?
Private cloud storage is not necessarily better than public cloud storage.
It depends on what each business or consumer needs.
Private cloud servers such as the home NAS DS-220j can be used to store information in a highly secure environment to that you have full access.
In this case, the enterprise has control of what data gets uploaded and downloaded from its servers.
This is ideal for businesses who want to keep their data under lock and key — or in this case servers.
Another advantage of private cloud storage is that the company can decide what data it wants to place on its servers and only those files.
This is also useful for businesses that have strict policies on what they allow to be uploaded.
But private cloud storage isn’t for everyone.
It can be costly to set up and maintain, and many businesses might have service requirements that wouldn’t work well in a private cloud environment.
What is Private Cloud Storage Mainly Used for?
According to a report from MarketsandMarkets, the private cloud storage market is expected to reach $6.40 billion by 2022.
This market is also projected to grow at a CAGR of 19.8% over the forecast period from 2017 to 2022.
The main drivers for this growth include the advancement and adoption of cloud storage technology.
Cloud storage systems have become a standard.
Organizations prefer to use them for storing information, data, and files.
This is mainly due to their ability to store large amounts of information and secure it from unauthorized access.
According to MarketsandMarkets, the major driver for private cloud storage growth is the increase in the need for digital storage as well as the growing demand for managing and storing remote data, which are mainly used by small and medium-sized businesses (SMBs).
An increasing number of enterprises are moving to secure cloud-based storage solutions.
This is mainly because of rising concerns about security and high initial investment costs.
As a result, several organizations have started using private cloud storage solutions.
Companies that have a higher degree of privacy or need to comply with HIPAA and information protection such as pharma, insurance, banking and etc are adopting private cloud storage as opposed to a public cloud storage solution.
Due to the highly sensitive nature of the business information, they prefer storing it in a more secure and private environment.
Private cloud storage can be beneficial for companies looking for an alternative to public cloud storage.
It’s not only more secure than public cloud storage, but it’s also cost-effective.
The ability of enterprises to utilize the internal infrastructure and data centers of their organization for private cloud hosting minimizes initial cost and saves them money in the long run.
What are Private Cloud Storage Advantages?
It would be much faster if you are accessing the information within the same network as it is stored rather than having to communicate across the internet.
Before the popularity and widespread adoption of cloud computing, all information has had to be physically placed on a network where it could be accessed from a remote location.
Nowadays, however, with local storage becoming more pervasive and more widely accepted by IT departments and general users alike, there’s been a huge shift in how we access information.
Still, the risk of storing information locally is very high if not properly secured.
Many times, a power outage or a drop of your laptop or device can make all your information lost.
In such situations, a private cloud storage solution lets you store your information in an environmentally secure location where it will always be available even when the power goes out.
Private cloud storage vs public cloud storage vs hybrid cloud storage
We’ve discussed what is private cloud storage in depth.
Now let’s look briefly into the public and hybrid cloud storage and see what’s the differences.
With public cloud storage, you don’t have to worry about setting up a network.
Since public cloud storage is a cloud storage service that is offered by providers like Dropbox, Google Drive, or Microsoft OneDrive, etc., the service provider takes care of the maintenance for you.
However, private cloud storage would require you to maintain your own server.
As the name suggests in hybrid cloud storage, a combination of both public and private storage is used.
It creates a bridge between business and the IT environment.
You have the tight secure environment of data by keeping them in the private section and the ability to expand with little cost with the help of public cloud storage for your normal non-sensitive data storing purposes.
Is Private Cloud Storage The Solution?
There are many public cloud storage services out there but it is recommended to look into private cloud storage as well mainly due to the security measures involved.
Many enterprises are concerned about putting their data on a public cloud storage service which is why private clouds are becoming more and more common.
Choosing one depends on what you want out of your storage solution.
The private cloud storage setup is way more complex and expensive.
It usually involved a mature IT infrastructure from your business or company.
It would cost you more money to set up private cloud storage at first and also the maintenance cost.
You need to regularly replace a bad sector of the hard drive and it can become a significant amount of money when stacking up.
However, when it comes to regulations such as HIPAA compliance or privacy concerns, private cloud storage is the only way to go.