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TechNavio's analysts forecast the Global Private Cloud market to grow at a CAGR of 8.98 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reduced costs of the cloud approach. The Global Private Cloud market has also been witnessing the growing adoption of hybrid cloud computing models. However, the high initial costs of private cloud adoption could pose a challenge to the growth of this market.
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