According to the latest report by IMARC Group, titled “Hybrid Cloud Market: Global Industry Trends, Share, Size, Share, Growth, Opportunity and Forecast 2022-2027,” The global hybrid cloud market size reached a US$ 85.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 262.4 Billion by 2027, exhibiting a CAGR of 19.63% during 2022-2027
A hybrid cloud is a computing system that combines a public and a private cloud to share data and applications. It helps enterprises to seamlessly scale their on-premises infrastructure to the public cloud in the event of an outage. This allows companies to satisfy any fluctuations in computing and processing demands while preventing third-party data centres from accessing their data. Hybrid cloud solutions are gaining popularity throughout the world because they enable enterprises to access public cloud flexibility and computing resources for primary and non-critical computing tasks while keeping business-critical apps and data on-premises, safely behind a company firewall.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Hybrid Cloud Market Trends:
Hybrid cloud computing offers numerous benefits, such as flexibility, scalability, and cost-efficiency, with low data exposure risk. On account of these advantages, several organizations are shifting toward hybrid cloud solutions to achieve security of data and large storage spaces to reduce their capital expenditure and enhance capabilities through digitizing their infrastructure. Due to the spread of the coronavirus disease (COVID-19) worldwide, businesses are embracing remote work and video conferencing technologies, which, in turn, is escalating the demand for hybrid cloud systems for business continuity. Furthermore, technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also enhancing the functioning of hybrid cloud systems, thereby providing a positive outlook for the market. Moreover, the leading companies are developing advanced hybrid cloud services to support next-generation workloads in latency-sensitive, bandwidth-intensive, and data transfer-heavy applications.
Global Hybrid Cloud Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alibaba Group Holding Limited, Amazon Inc., Century Link Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., DXC Technology Company, Fujitsu Ltd. (Furukawa Group), Google (Alphabet Inc.), Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Inc. and VMWare Inc.The report has segmented the market on the basis on region, type, technology and application.
The report has segmented the market on the basis on region, component, service, service type, service model, organization size and vertical.
Breakup by Component:
- Solutions
- Services
Breakup by Service:
- Professional Services
- Managed Services
- Breakup by Service Type:
- Cloud Management and Orchestration
- Disaster Recovery
- Hybrid Hosting
Breakup by Service Model:
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Breakup by Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- Government and Public Sector
- Healthcare
- Banking, Finance, Services and Insurance (BFSI)
- Retail
- Information and Communication Technology
- Manufacturing
- Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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