A medium$-$sized software development company specializes in creating custom solutions for its clients. The company is currently working on a project that requires a dedicated, secure environment due to the sensitive nature of the client's data. The client also demands that the environment be exclusively used by the project team to ensure high performance and compliance with strict industry regulations.

The software development company does not have the in$-$house expertise to manage a cloud infrastructure and prefers a solution that minimizes the need for direct management of the cloud resources.

Which cloud deployment model should the software development company choose for this project?