About Hybrid Cloud Services
Hybrid cloud services are integrated cloud services that are operated for public and private cloud platforms in order to execute individual processes within the same business structure. Hybrid cloud is a cloud computing process that is a combination of private cloud, local, public, and public third-party cloud services with implementation between the two platforms. The hybrid cloud is mainly useful for highly or dynamically changeable workloads. Security, cost efficiency, flexibility, and scalability are the main characteristics of hybrid cloud services. The adoption rate of cloud computing technology has steadily improved in recent years and offers promising opportunities for a revolution in companies. With the help of the hybrid cloud; Workload, applications, and virtual machines work in different IT environments, e.g. B. in private clouds, which are located in the data centers of the service providers or in company centers, as well as in public clouds. The hybrid cloud integrates computers, security, storage, applications, and networks into a single enterprise platform. However, some companies are not yet sure how cloud computing can improve or replace their IT atmosphere in whole or in part. The use of hybrid cloud services offers the company many advantages. Companies used to invest heavily in a large storage array. Cloud technology has improved efficiency and the possibilities for expansion and flexibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 22.12% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hybrid Cloud Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon Web Services (United States), Microsoft Corporation (United States), Rackspace (United States), Hewlett-Packard (United States), VMware (United States), Google Inc. (United States), Fujitsu (Japan), Cisco Systems (United States), IBM Corporation (United States), Oracle Corporation (United States), Citrix Systems (United States), TeraGo Networks Inc. (Canada), Dell Inc. (United States), VMTurbo, Inc. (United States), Verizon Terremark (United States) and Interoute Communications Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hornbill Services (United Kingdom) and CA Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Cloud Services market by Type (Cloud Integration, Consulting, Cloud Management, Cloud Security and Networking), Application (SMEs and Large Enterprises) and Region.
On the basis of geography, the market of Hybrid Cloud Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Government and Public Sector will boost the Hybrid Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Compliance and Security will boost the Hybrid Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. PaaS (Platform as a Service) will boost the Hybrid Cloud Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Concept of Bridging the Gap between IT and Businesses by Improving Agility and Efficiency, The Adoption of the Hybrid Cloud among Enterprises Has Become a Central Part of the Business Process and Increased Adoption of Hybrid Cloud in the BFSI Sector
Market Growth Drivers:
Growing Demand for Agile, Scalable, and Cost-Efficient Computing, Shifting Preference towards Hybrid Cloud, The Growing Presence of a Dynamic Business Environment and Adoption Rate of Cloud Computing Technology
Challenges:
Network Complications
Restraints:
The Lack of Clarity about the Governance of Cloud Computing and Lack of Awareness about Privacy and Data Protection
Opportunities:
Growth in Need for Connectivity, Increase in Reliance on Mobile Communications, Convergent Data, and Others Have Accelerated the Velocity of Disruptions, Rising Need to Achieve Better Productivity and Efficiency through Centralized Cloud Governance and Increasing Adoption of Multiple Cloud Services for Cost Savings
Market Leaders and their expansionary development strategies
In May 2022, Opti9 Technologies LLC (Opti9), a trusted North American managed cloud services provider for hybrid cloud, security, and application modernization, announced its merger with HostedBizz, one of Canada's premier Infrastructure-as-a-Service (IaaS) platform providers and Veeam's 2021 North America Cloud & Service Provider Rising Star Partner
In January 2023, LTIMindtree a global technology consulting and digital solutions company, today announced the launch of its SaaS based hybrid cloud management platform Canvas CloudXperienz
Key Target Audience
Providers of Hybrid Cloud Services, End-Users, Potential Investors, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.