psalexa

Hybrid Cloud Market Research Report: By Component (Solution, Service), Service Type (Hybrid Hosting, Disaster Recovery, Cloud Management and Orchestration), Service Model ( Platform as a Service, Infrastructure as a Service, Software as a Service), Enterprise (Small- and Medium-Sized Enterprises, Large Enterprises), Workloads, Industry - Global Industry Size, Share and Growth, Forecast to 2030

  • Publishing: May 2021
  • Report Code: IM10005
  • Available Format: PDF

Hybrid Cloud Market Overview

The global hybrid cloud market is projected to witness significant growth during the forecast period (2020–2030), owing to increasing demand for scalable, agile, and cost-effective computing; rising volumes of business data; and growing penetration of applications and digital services in small, medium, and large enterprises. The hybrid cloud is combination of two or more clouds, that is, public, community, or private, which remain exclusive entities but are bound together. Hybrid cloud advances on both private and public cloud by providing better user control and access flexibility. Using hybrid cloud, organizations can more efficiently lower operational costs, enhance security, and drive high performance.

The hybrid cloud market on the basis of service model is categorized into platform as a service (PaaS), infrastructure as a service (IaaS), software as a service (SaaS), and serverless. Among these, SaaS category dominated the market during the historical period (2014–2019). Most of the SaaS applications can be operated directly from a web browser. Owing to its web-delivery model, SaaS model eliminates the requirement to install applications on every individual computer, leading to significant usage of the category in the market, during the historical period.

Globally, North America held the largest share in the hybrid cloud market in 2019. This is attributed to the fact that several companies in the North American region are stepping beyond the public cloud and are moving into the new age of hybrid information technology (IT), which bounds private cloud, public cloud, and traditional IT. Owing to technologically advanced region, companies have implemented these hybrid cloud services to advance and expand their business. Using hybrid cloud technology, the companies can backup and store all the necessary data safely. This ensures the elimination of data loss, resulting in minimization of costs, and downtime related with recovery of crucial data.

Furthermore, with increasing adoption of hybrid cloud services, the service providers in the region are also taking initiatives and expanding their product portfolio. For instance, in February 2019, International Business Machines (IBM) Corporation announced the launch of new hybrid cloud offering in order to aid businesses integrate, migrate, and manage workloads and applications smoothly, along with security across any private or public cloud and on-premises IT environment. Such factors are boosting the growth of the hybrid cloud market in the region.

Global Hybrid Cloud Market Dynamics

Drivers

One of the major factors driving the growth of hybrid cloud market is the increasing demand for scalable, agile, and cost-effective computing, coupled with growing business data volumes. On an average, around 2.5 quintillion bytes of data is created every day. Also, near about 90% of the data in the world was generated over a time period of last two years. Furthermore, technologies such as internet of things (IoT) and connected devices are also exploding, which are one of the primary factors for the explosion of data vaults.

With such rapid increase in database requirements, the companies demand for more updated solution to compute and utilize the gathered data. Using hybrid cloud, the gap between IT and businesses is being filled up by improving efficiency and agility, and by rapidly delivering IT resources at a low cost. These advantages of hybrid cloud services are boosting the growth of the hybrid cloud market across the globe.

Restraints

Data security, privacy and compliance is one of the significant factors restraining the growth of the hybrid cloud market. Data security is always a challenging task, and hybrid cloud increases the IT infrastructure complexity. Across increasingly expansive and complex hybrid cloud environments, data can be exposed to risks in transit and at rest. All probable methods of compromise cannot be protected by any single protective implementation, since the same data or information may be in motion or at rest at different points in time.

Furthermore, with introduction of mixing public clouds (e.g., Amazon Web Services, Microsoft Azure, and Google Cloud) with private clouds (such as OpenStack), IT infrastructure risk and complexity increase. This results in creating challenges for organizations to control and view all the distributed systems that are a part of the infrastructure. These factors are leading to hampering the growth of the hybrid cloud market.

Hybrid Cloud Market Competitive Landscape

The global hybrid cloud market is estimated to grow substantially in coming years. Some of the major players operating in the market include Amazon.com Inc., Microsoft Corporation, IBM Corporation, Google LLC, Rackspace Inc., VMware Inc., Hewlett Packard Enterprise Company, Dell Inc., Oracle Corporation, Equinix Inc., Cisco Systems Inc., Fujitsu Ltd., and NTT Communications Corporation.

The report covers country-wise hybrid cloud market analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Japan, Australia, South Korea, India, Brazil, Mexico, the U.A.E., Saudi Arabia, and South Africa.

Hybrid Cloud Market Size Breakdown by Segment

The Hybrid Cloud market report offer comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Component

  • Solution
  • Service

Based on Service Type

  • Hybrid Hosting
  • Disaster Recovery
  • Cloud Management and Orchestration

Based on Service Model

  • Platform as a Service
  • Infrastructure as a Service
  • Software as a Service

Based on Enterprise

  • Small- and Medium-Sized Enterprises
  • Large Enterprises

Based on Workloads

  • Application Development and Testing
  • Storage, Backup, and Disaster Recovery
  • Database Management
  • Business Analytics
  • Customer Relationship Management
  • Integration and Orchestration
  • Cloud Collaboration and Content Management
  • Enterprise Resource Management

Based on Industry

  • IT and Telecommunications
  • Retail and Consumer Goods
  • Banking, Financial Services, and Insurance
  • Manufacturing
  • Media and Entertainment
  • Energy and Utilities
  • Healthcare and Life Sciences
  • Government

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • South Korea
    • India
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • U.A.E.
    • Saudi Arabia
    • South Africa
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws