The hybrid cloud market is estimated to garner USD 140 billion during the forecast period (2017-2023). The market is likely to demonstrate 24% CAGR owing to the rising number of digital services, asserts Market Research Future (MRFR). A hybrid cloud is referred to as a computing environment which comprises a private and a public cloud. It mainly works on infrastructure and application level. Hybrid cloud offers businesses more data deployment options and greater flexibility by enabling workloads to move between public and private clouds.
Hybrid cloud allows businesses to scale their existing on-premises infrastructure which further helps in handling excess data. It is extremely valuable in variable workload environments with big data processing, dynamic workloads, and temporary processing. Such factors are considered to augment the market growth over the appraisal period. With the increasing number of digital applications and services coupled with the growing demand for cost-effective and flexible computing systems, the global market for hybrid cloud is likely to boost. Moreover, the ever-increasing data and gaining momentum of data analytics are triggering the demand for hybrid cloud market. The rising demand for efficient productivity by organizations, and increasing adoption of SMEs, and growing demand for quick and secure data access is further accelerating the market growth. Additionally, the increasing popularity of big data management tools across organizations stimulating the market growth.
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Major Key Players
- Akamai Technologies Inc. (U.S.),
- Amazon Web Services LLC (U.S.),
- CA Technologies (U.S.),
- Dell Inc. (U.S.),
- Flexiant Ltd. (U.K.),
- Google Inc. (U.S.),
- Hewlett-Packard Enterprise (U.S.),
- IBM Corporation (U.S.),
- Equinix Inc. (U.S.)
- Microsoft Corporation (U.S.)
Some of the key innovators are Vmware, Inc.(U.S.), Citrix Systems, Inc. (U.S.), Equinix, Inc. (U.S.), Oracle Corporation (U.S.), Rackspace Hosting, Inc.(U.S.), Verizon Communications, Inc (U.S.), Panzura (U.S.), Terago Networks, Inc. (Canada), Fujitsu Ltd. (Japan), NTT Communications (Japan), NEC Corporation (Japan), Salesforce.Com (U.S.), Century Link Inc., (U.S.), Turbonomic (U.S.), and many others.
According to MRFR, The global Hybrid Cloud Market is estimated to reach USD140 billion at CAGR 24% through the forecast period 2023
The major growth driver of Hybrid Cloud Market includes growing demand for efficient productivity by organizations, rise in demand of secure and quick data access, and growing adoption of small & medium sized enterprises among others. The rising popularity of big data management tools across organizations is also leading to the increased incorporation of hybrid cloud.
December 07, 2018: According to a new study by Nutanix, a new global study by enterprise cloud computing company, India is all set to lead the world in hybrid cloud adoption and usage.
January. 2018– Microsoft Corporation announced that it has acquired Avere Systems, a start-up specializing in data storage. The technology could ultimately help Microsoft pick up more Azure revenue by serving customers who want to use cloud computing while still keeping data in their own facilities. Microsoft has taken more of a hybrid approach than Amazon or Google in the cloud business. It offers the Azure Stack private cloud software that mirrors what’s available from the Azure public cloud. And Microsoft continues to sell server and database software for corporate data centres.
The global hybrid cloud market has been segmented on the basis of service model, solution, organization size, service, vertical, and region.
By mode of solution, the global hybrid cloud market has been segmented into disaster recovery and cloud management.
By mode of service model, the global hybrid cloud market has been segmented into IaaS, SaaS, and PaaS. Among these, the SaaS segment is presumed to dominate the overall market owing to the growing demand for SaaS as several users are seeking purpose-built and customized solutions.
By mode of service, the global hybrid cloud market has been segmented into managed and professional.
By mode of organization size, the global hybrid cloud market has been segmented into large enterprises and SMEs.
By mode of vertical, the global hybrid cloud market has been segmented into healthcare, BFSI, manufacturing, retail, media & entertainment, and others. Among these, the BFSI vertical is considered to dominate the overall market owing to growing adoption of hybrid cloud in the BFSI sector, as it helps banks to manage costs with great flexibility.
Geographically, the hybrid cloud market spans across regions namely, Europe, North America, Asia Pacific and Rest-of-the-World (RoW).
Among all the regions, North America is presumed to hold the major share throughout the appraisal period owing to the presence of major players in this region. With increasing demand for cost-effective and scalable computing, the region is expected to flourish during the assessment period.
The Asia Pacific region is considered to exhibit a high growth rate during the appraisal period owing to the increasing deployment of data centers and high usage of cloud-based services in this region.
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- Cloud vendors
- Application providers
- System integrators
- Consultancy firms
- Service providers
- Data integration service providers
- Managed services providers
LIST OF TABLES
Table 1 Global Hybrid Cloud Market: By Region, 2017-2023
Table 2 North America Hybrid Cloud Market: By Country, 2017-2023
Table 3 Europe Hybrid Cloud Market: By Country, 2017-2023
Table 4 Asia Pacific Hybrid Cloud Market: By Country, 2017-2023
Table 5 The Middle East & Africa Hybrid Cloud Market: By Country, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Hybrid Cloud Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Hybrid Cloud Market
FIGURE 4 Value Chain of Global Hybrid Cloud Market
FIGURE 5 Share of Global Hybrid Cloud Market in 2017, by country (in %)
FIGURE 6 Global Hybrid Cloud Market, 2017-2023,