A private cloud is the best choice when an organization requires ownership and control of all physical hardware. In CompTIA A+ terms, a private cloud is a cloud deployment model where the cloud infrastructure is dedicated to a single organization and can be implemented on-premises (or hosted for that organization only). If the requirement explicitly states the organization must own the servers, storage, and network equipment, that aligns with a private cloud built and maintained using the organization’s own datacenter resources. This provides greater control over security, compliance, customization, and data governance compared with shared models.

A public cloud is owned and operated by a third-party provider, so the organization does not own the underlying hardware. A hybrid cloud combines private and public components; since part of it relies on provider-owned infrastructure, it does not meet the requirement of owning all physical hardware. IaaS and PaaS are cloud service models (what is consumed), not deployment/delivery models (how it is deployed), and they commonly run on provider-owned hardware as well. Therefore, Private cloud is the correct answer.