As per Business Intelligence Insights (BII) study, the Global Hybrid Clouds Market attained revenue growth of USD 79.20 billion in 2021 and it is projected to reach around USD 227.51 billion by 2030, growing at a 14.10 % CAGR.

 

Market Dynamics :

A hybrid cloud computing environment integrates on-premises, private cloud, and third-party, public cloud services, with instrumentation between the two platforms. Most players who witness block chain technology and cloud computing are among the factors driving the worldwide hybrid cloud market's growth during the forecast period. Also, Small scale industries are also working towards modernizing their IT infrastructure, which will further enhance the market growth over the upcoming years.

The demand for cloud computing services has been boosted by the digital transformation. Major corporations are using hybrid cloud platforms to fulfil their current business requirements in alignment with digital transformation because of the benefits offered by the hybrid cloud. This aspect is expected to boost the market's growth rate due to rising need for flexible, scalable, and cost-effective computing. Enhanced digital services and applications, as well as a growing focus on avoiding vendor lock-in and a growing requirement for interoperability standards across cloud services and existing systems, are expected to drive the hybrid cloud industry forward. Besides, the lack of clarity about the governance of cloud computing extends the restrictions for the hybrid cloud.

 

Revenue-generating Segment Highlights :

By Component

 

Solution

 

Services

 

By Service Type

 

Cloud management and orchestration

 

Disaster recovery

 

Hybrid hosting

 

By Service Model

 

Infrastructure-as-a-Service

 

Platform-as-a-Service

 

Software-as-a-Service

 

By Organization Size

 

Large enterprises

 

Small and medium-sized enterprises

 

By Vertical

 

BFSI

 

IT and Telecommunications

 

Healthcare

 

Retail

 

Media and entertainment

 

Manufacturing

 

Government

 

Transportation

 

Others (travel and hospitality, and education)

 

By Region

North America

o    U.S.

o    Canada

Europe

o    Germany

o    U.K.

o    France

o    Italy

o    Spain

o    Rest of Europe

Asia Pacific

o    China

o    India

o    Japan

o    Rest of Asia Pacific

Latin America

o    Brazil

o    Mexico

o    Rest of Latin America

Middle East and Africa

o    UAE

o    South Africa

o    Rest of Middle East and Africa (MEA)

 

List of key players :

IBM Splunk Inc. McAfee (Intel) Rapid7 Inc. SolarWinds Corp BlackStratus AlienVault (AT&T Inc.) RSA (EMC Corporation) Micro Focus International plc ManageEngine (ZOHO Corporation)

 

Key Highlights of the Report :

    The services segment is anticipated to capture the majority share of 65.81% in 20201 during the forecast period, Due to its high flexibility, increased scalability, cheap cost, and secure deployment alternatives, hybrid cloud adoption has become a significant component of a business process and is expected to grow.    Based on Organization size, market is segmented into large enterprises and SMEs. Large Enterprises are the most common organization size in the global hybrid cloud. Large enterprises captured the majority market share of 65.14% in the year 2021.Large organizations were among the first to use hybrid cloud since they could easily afford to do so due to economies of scale.    The North America hybrid cloud market increased rapidly in both developed and developing countries.North America dominated the market with the share of 33.22% in the year 2021. Companies have implemented hybrid cloud services to develop and expand their businesses in this technologically advanced region. Companies in North America are actively involved in strategic mergers and acquisitions. However, due to the fast adoption of digitization throughout the industrial and corporate sectors, the Asia Pacific market is predicted to rise at a significant rate. Similarly, the growth of the hybrid cloud market is expected to exhibit a considerable increase in the use of dietary products in the next years, particularly in North America and Europe.   The report contains qualitative and quantitative research on the global hybrid cloud Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

 

Read our strategic analysis : https://www.businessintelligence-insights.com/press-release/43/hybrid-cloud-market