The Hybrid Cloud Market was valued at USD 52.16 billion in 2020 and is expected to reach USD 145 billion by 2027, at a CAGR of 18.73% over the forecast period 2021 – 2027.
The Latest released survey report on Global Hybrid Cloud Market aims to deliver an in-depth outline regarding the trends and market development scenario to outpace market with relevant strategies. The Major Players Covered in this Report are Amazon Web Services Inc., EMC Corporation, VMware Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Rackspace Inc., Oracle Corporation, and Dell Inc.
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The demand for hybrid cloud is expected to be driven by several factors, such as cost efficiency, scalability, agility, and security. Hybrid cloud bridges the gap between Information Technology (IT) and businesses by improving agility and efficiency, as well as by rapidly delivering IT resources at a low-cost.
Helped a global leader in cloud services and technology to identify and tap into a USD 20 million hybrid cloud market in North America and Europe.
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Client’s Problem Statement
Our client, a leading provider of cloud management and orchestration solutions and cloud services, required detailed analysis of hybrid cloud solutions and services and their adoption across North America and Europe. The client wanted information about the adoption of the hybrid cloud solution by key industry verticals such as BFSI, telecommunications & ITES, and healthcare & life sciences in the said geographies.
MarketDigits started by identifying a comprehensive list of current and upcoming hybrid cloud projects in the targeted geographies, which was provided for the said geographies. The revenue potential was identified based on the current market size, future growth potential, and the level of competitive intensity. A detailed competitive landscape for North America and Europe, along with the benchmarking of the key vendors were provided to the client.
Revenue Impact (RI)
Our analysis resulted in the client identifying and tapping into a USD 20 million hybrid cloud market for cloud management and orchestration providers in the region.
Selected Market Dynamics in Hybrid Cloud Market
Growing demand for agile, scalable, and cost-efficient computing
Enterprises are leveraging the hybrid cloud model to eliminate business challenges that are difficult to address with traditional IT infrastructure. Hybrid cloud is bridging the gap between IT and businesses by improving agility and efficiency as well as by rapidly delivering IT resources at a low cost. It empowers enterprises to extend their applications and infrastructure as required, and offers users high-speed performance and high availability. Hybrid cloud provides economies of scale while simultaneously delivering security to the sensitive information of businesses. As the availability of secure, scalable, and cost-effective resources can provide organizations with more opportunities to explore different operational avenues, it would drive the adoption of the hybrid cloud environment among organizations.
Lack of awareness about privacy and data protection
The lack of awareness about privacy and security issues has limited the adoption of the hybrid cloud. The low-level understanding of the security benefits delivered by the hybrid cloud is affecting its adoption rate among users. Sensitivity to privacy and data protection restricts enterprises to move their businesses to the cloud. The lack of clarity about the governance of cloud computing extends the restraints for hybrid cloud. Therefore, cloud processes need to be monitored continuously to minimize risks and improve the security features.
The hybrid cloud market has been segmented on the basis of components (solution and services), service types, service models, organization size, verticals, and regions. The services segment is expected to grow at a higher CAGR during the forecast period, and the solution segment is estimated to hold a larger market size in 2018 in the hybrid cloud market. The adoption of the hybrid cloud among enterprises has become a central part of the business process, due to the high flexibility, enhanced scalability, low cost, and secured deployment options, and is expected to grow in the coming years.
The hybrid hosting segment is estimated to hold the largest market size in 2018, as it offers numerous benefits, such as access through a single point of contact; sharing the network infrastructure; and monitoring, delivering, and managing hosting services. Organizations are enhancing their ability to integrate co-location, dedicated servers, and virtualized environments to construct a hybrid hosting environment.
The Infrastructure-as-a-Service (IaaS) segment is expected to hold the largest market size during the forecast period. IaaS helps in transferring workloads from on-premises systems to the cloud during the peak demand. This advantage helps allocate resources for more important business processes. Organizations can enhance their performance, increase delivery speed, improve productivity, and provide flexible computing capabilities, both in the public and private cloud environments.
North America is estimated to hold the largest market size in 2018, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR in the hybrid cloud market during the forecast period. Hybrid cloud deployment has become the most suitable solution for organizations across all regions. The major factors that would further drive the growth of the hybrid cloud market are the presence of a dynamic business environment, increasing adoption of multiple cloud services for cost savings, and an indispensable need to achieve better productivity and efficiency through centralized cloud governance.
The rising need for more computational power and rapidly increasing adoption rate of the hybrid cloud are expected to open new avenues for the hybrid cloud market.
Major players in the hybrid cloud market are IBM (US), Microsoft (US), Cisco Systems (US), AWS (US), Oracle (US), Google (US), VMware (US), Alibaba (China), Equinix (US), Rackspace (US), NetApp (US), Atos (US), Fujitsu (Japan), CenturyLink (Louisiana), HPE (US), DXC (US), RightScale (US), Micro Focus (US), NTT Communications (Japan), Dell EMC (US), Citrix (US), Pure Storage (US), Unitas Global (US), and Quest Software(US). These players have adopted various growth strategies, such as new product launches, mergers and acquisitions, partnerships, collaborations, and business expansions, to expand their footprint in the hybrid cloud market.
Scope of the Hybrid Cloud Market Report
The research report categorizes the hybrid cloud market based on component, service type, service model, organization size, vertical, and region.
Hybrid Cloud Market: By Component
Hybrid Cloud Market: By Service Type
- Cloud management and orchestration
- Disaster recovery
- Hybrid hosting
Hybrid Cloud Market: By Service Model
Hybrid Cloud Market: By Organization Size
- Large enterprises
- Small and medium-sized enterprises
Hybrid Cloud Market: By Vertical
- IT and Telecommunications
- Media and entertainment
- Others (travel and hospitality, and education)
Hybrid Cloud Market: By Region
- North America
- Asia Pacific (APAC)
- Latin America
- Middle East and Africa (MEA)
Businesses can depend with confidence upon this superior Hybrid Cloud market report to bring about an utter success. An expert team involved in creating this report concentrates on understanding client’s businesses & its needs so that the deluxe Hybrid Cloud market research report is delivered to the client. The company profiles of all the dominating market players & brands that are making moves such as product launches, joint ventures, mergers and acquisitions are described in the Hybrid Cloud report. Talented capabilities & brilliant resources in research, data collection, development, consulting, evaluation, compliance & regulatory services work together to formulate this world-class Hybrid Cloud market research report.
Detailed TOC of Hybrid Cloud Market Research Report-
– Hybrid Cloud Introduction and Market Overview
– Hybrid Cloud Market, by Application [Personal & Business]
– Hybrid Cloud Industry Chain Analysis
– Hybrid Cloud Market, by Type [, Public Cloud, Private Cloud & Hybrid Cloud]
– Industry Manufacture, Consumption, Export, Import by Regions (2015-2020)
– Industry Value ($) by Region (2015-2020)
– Hybrid Cloud Market Status and SWOT Analysis by Regions
– Major Region of Hybrid Cloud Market
i) Global Hybrid Cloud Sales
ii) Global Hybrid Cloud Revenue & market share
– Major Companies List
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