The global Hybrid Cloud market is expected to develop USD 135.98 billion by 2029, at a compound annual increase in price (CAGR) of 14% throughout the forecast period.
The global hybrid cloud market has been expanding progressively in recent years and is with high revenue in recent years and is anticipated to reach over USD 139.5 billion at a CAGR of 17% during the forecasted period, 2018-2028. Increasing demand for flexible, scalable, and cost-effective computing solutions across industries, as well as growing mainstream acceptance of multi-cloud environment are bolstering remunerative growth opportunities in the global hybrid cloud market in recent years.
Features such as seamless interoperability between on-premise and cloud models, need for high end digital services are furthering adoption of hybrid cloud models.
However, critical situations arising from data security vulnerabilities, deficient awareness, and skilled-labor gaps are likely to interrupt growth trajectory in the coming years. Trends such as pay-as-you-go model that are more cost efficient are being adopted across industries such as e-commerce which is again creating fresh growth opportunities for the global hybrid cloud market during the projected timeline.
A hybrid cloud is a cloud system that mixes private and public clouds to fulfill various functions inside the same organization. Because of the variety and dynamic nature of work, hybrid cloud has grown in relevance. It has several advantages, including cost-effectiveness and scalability, adaptability, and security. Because of these advantages, companies are turning towards a hybrid cloud model to accomplish data management, application, and big storage space security while reducing capital expenditure by implementing a hybrid cloud system across private and public cloud models.
The research of the global hybrid cloud market highlights significant variables influencing growth. The market is being driven by a shift in inclination toward hybrid cloud, an increase in digital disruptions, and the growing use of hybrid cloud in ITSM (IT Service Management) models. However, network difficulties and an increase in security concerns are likely to stymie hybrid cloud market expansion throughout the projection period.
Furthermore, the hybrid cloud market is projected to benefit from increasing adoption among small and medium-sized businesses as well as the introduction of hybrid IT services. On the other hand, the growing need for greater computing power will provide more possibilities, resulting in the rise of the hybrid cloud market over the projection period.
The hybrid cloud platform is gaining popularity because it not only provides companies with scalability, flexibility, and multi-cloud space but also gives security assurance. Furthermore, as businesses move toward a hybrid cloud, data and service integrity becomes a major need. As a result, it is critical to find the proper mix of on-premise and many as-a-service options to provide continuous availability of data that can be coordinated across multiple platforms. Hence, they spend 20% of their time engaging with business executives on digital transformation efforts, which is very time-consuming and costly; so, businesses are leaning toward the hybrid cloud.
The major players of the global hybrid cloud market are Amazon Web Services, Google, Dell EMC, Hewlett Packet Enterprise, IBM Corporation, Atos, Microsoft, RightScale, Fujitsu, Alibaba, Rackspace, Citrix Systems, Cisco Systems, Cumulogic, VMware, Cloudcontrol, Datadirect Networks, Eucalyptus, Ice Web, Dell, EMC, Newodb and Oracle, among other domestic and global players.
The competitive landscape of the global hybrid cloud industry offers workable insights about the competitors and their working models. The business overview, financials, revenue produced, investment in research and development, market potential, new market initiatives, company strengths and weaknesses, regional presence, product launch, application domination, and product dynamics are all covered in the details. The data points presented above are only relevant to the firm's emphasis on the hybrid cloud industry.
Hybrid Cloud Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 139.5 billion|
|Growth Rate||CAGR of 17% during 2021-2028|
|Segment Covered||Component, Service Type, Service Model, Organization Size, Vertical Size, End user, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Amazon Web Services, Google, Dell EMC, Hewlett Packet Enterprise, IBM Corporation, Atos, Microsoft, RightScale, Fujitsu, Alibaba, Rackspace, Citrix Systems, Cisco Systems, Cumulogic, VMware, Cloudcontrol, Datadirect Networks, Eucalyptus, Ice Web, Dell, EMC, Newodb and Oracle, among other domestic|
Key Segments of the Global Hybrid Cloud Market
Component Overview, 2018-2028 (USD Billion)
Service Type Overview, 2018-2028 (USD Billion)
- Cloud Management and Orchestration
- Hybrid Hosting
- Disaster Recovery
Service Model Overview, 2018-2028 (USD Billion)
Organization Size Overview, 2018-2028 (USD Billion)
- Large Organizations
- Small & Medium-Sized Organization
Vertical Size Overview, 2018-2028 (USD Billion)
- IT and telecommunications
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and Africa
Reasons for the study
- The study investigates significant advancements in the global hybrid cloud market, as well as organic and inorganic growth methods along with implications.
- The industrial chain structure of the industry, production base, raw material costs, and marketing channel analysis are all discussed.
- It covers probability analysis, mergers and acquisitions, and analyst perspectives and opinions.
What does the report include?
- Current and future scope of the developments in the global hybrid cloud market trends are detailed in order to assess overall attractiveness and to identify lucrative trends in order to acquire a firmer footing in the global competitive isle.
- The report covers study on important drivers, limitations, and opportunities, as well as an analysis of their effect.
- In the global hybrid cloud sector several cues pertaining to Porter’s Five Forces analysis have also been roped in the report.
Who should buy this report?
- Strategy managers, researchers, and government agencies seeking market data to help in the planning of future operations.
- Managers in the global hybrid cloud market who want to talk about current and future worldwide market statistics.
Frequently Asked Questions (FAQ) :
A hybrid cloud is a cloud solution that combines private and public clouds to serve different activities inside the same company. Because of the variety and dynamic nature of work, hybrid cloud has grown in relevance. It has several advantages, including cost-effectiveness and scalability, adaptability, and security. Because of these advantages, companies are turning towards a hybrid cloud model to accomplish data, application, and big storage space security while reducing capital expenditure by implementing a hybrid of the private and public cloud models.
ICT suppliers have been working hard to create solutions that minimize a company's ownership load while also providing the needed flexibility and scalability to install various solutions or equipment. As a result, technological expansions have been made in the domains of cloud virtualization and computing. The concept of cloud computing is not new; in the past, ICT vendors provided mainframe services, where all computing resources were kept in a centralized location away from the end-user. However, there were downsides to mainframe computing. For example, many businesses and their workers were unwilling to share their data and resources with other organizations and desired total control over their resources. This resulted in the creation of client/server computing, personal computers (PCs), and the internet. Although the notion of cloud computing is founded on concepts from a previous era, the change of the ICT environment, such as increased internet bandwidth, enhanced networking devices, and the mobility model, has provided momentum to business use of cloud solutions.
The services segment in the global hybrid cloud market is likely to grow with a huge CAGR in the forecast period. Because of its high flexibility, increased scalability, cheap cost, and secure deployment choices, hybrid cloud adoption among companies has become a critical element of the business process, and it is likely to grow in the future years.
Service Type Segment
The hybrid hosting segment is accounted for high CAGR in the coming timeframe. Companies are improving their dedicated server capabilities by merging co-location and virtualized environments to create a conducive hybrid hosting environment.
Service Model Segment
The infrastructure-as-a-Service (IaaS) segment is projected to have the highest market size in the future. IaaS service model enables swift workload transit to the cloud. This advantage assists in directing corporate resources to more essential duties. In both public and private cloud environments, organizations may improve their performance, increase efficiency, speed up delivery, and give flexible computing capabilities.
North American market is likely to have the largest size in the coming years. Likewise, the Asia Pacific region is also poised to garner the highest revenue numbers in the forecast timeline. The acceptance of hybrid clouds has emerged as the best choice for organizations of all sizes. The growing usage of diverse cloud services for cost savings, the presence of a dynamic corporate environment, and efficiency through centralized cloud governance, as well as an inevitable need to achieve higher productivity, are the primary drivers driving the global hybrid cloud market's growth.