About Hybrid Cloud
A hybrid cloud is a mixed computing environment where applications are run using a combination of computing, storage, and services in different environments—public clouds and private clouds, including on-premises data centers or “edge” locations. Hybrid cloud computing approaches are widespread because almost no one today relies entirely on a single public cloud. Capacity planning and estimating the storage requirement for all the information technology solutions throughout the organization is a critical process. Thus, the hybrid cloud-based solution is the best option to eliminate data transfer fluctuations as the hybrid cloud is able to deal with on demand scalability. The Hybrid clouds are referred to the combination of two or more public, private or hybrid clouds. The combined clouds possess their own properties, but they are integrated to provide ideal solutions for the organizations. These clouds provide number of benefits such as, scalability, flexibility, and security and cost efficiency. Owing to these properties, there will a significant demand for the hybrid clouds in the upcoming years.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 19.21% |
The hybrid cloud market is a complex and competitive landscape. Choosing the right partner depends on factors like your specific needs, budget, technical expertise, and industry requirements. Understanding the major players, their strategies, and emerging trends is crucial for making informed decisions and navigating the ever-evolving hybrid cloud ecosystem.The Players having a strong hold in the market are Microsoft Corporation, Amazon Web Services, Inc. (AWS), Dell Technologies, Rackspace, Hewlett Packard Enterprise. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hybrid Cloud 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.
Ford Motor Company (United States), Siemens AG (Germany), ABB Ltd (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Honeywell International Inc. (United States), BASF SE (Germany), Toyota Motor Corporation (Japan), Foxconn Technology Group (Taiwan), Huawei Technologies Co., Ltd. (China) and Petrobras (Brazil) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CenturyLink (United States), Alibaba Group (China), DXC Technology (United States), Lockheed Martin (United States) and Roche (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Cloud market by and Region.
On the basis of geography, the market of Hybrid Cloud 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Industry, the sub-segment i.e. IT & Telecom will boost the Hybrid Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Hybrid Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Software as a Service (SaaS) will boost the Hybrid Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Hybrid Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Identically Structured Cloud Services and Existing Systems and Increasing Investments in Highly Automotive New Digital Transformation Initiatives
Market Growth Drivers:
Increasing Need for Responsive, Accessible, and Cost Saving Cloud Applications and Rising Digitalization and Increasing Applications of Hybrid Clouds
Challenges:
Growing Latency in the Cloud-Based Networks and Stringent Government Regulations Regarding Internet Security and Cloud-Based Operations
Restraints:
Lack of Bandwidth Providers are Unable to cope up with the Rising Demand and Complexities in Data Security and Protection for Hybrid Clouds
Opportunities:
Growing Need for Excessive Cloud Storages with Maximum Computational Power and Increasing Availability of Internet Connectivity across the Globe
Market Leaders and their expansionary development strategies
In October 2023, AWS and VMware entered into the partnership this ongoing partnership continues to see new initiatives, such as the launch of VMware Cloud on AWS Outposts further strengthening the integration between the two leading cloud providers for hybrid cloud deployments.
In October 2023, Nutanix Xi Leap announced this cloud-native hybrid cloud service simplifies application and data mobility across on-premises and public clouds, offering greater flexibility and agility.
Key Target Audience
Hybrid Cloud Developers, Cloud Based Service Providers, Cloud Security Providers, BFSI Organizations, Cloud Bases Regulatory Associations, Government Organizations 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.