About Hybrid Cloud Storage
Hybrid Cloud Storage refers to storage mechanism comprising of storage systems which include private clouds, public clouds and on premise storage infrastructure. Such mechanisms allow both low latency in data transfer as well as help’s firm backup and secure its data in cases of uncertainties, such as data leak from cloud. Hybrid Cloud Storage are rising in popularity in business because of its key applications such as Disaster Recovery, Hybrid Hosting and lastly Cloud Management and Orchestration Services. The integration of artificial intelligence with hybrid cloud will allow firms to better process and analyse their data. SMEs and Start-ups are key market consumers which are fairly less explored and offer excellent opportunity for hybrid cloud storage providers. Currently, North America and Asia Pacific are two major markets of Hybrid Cloud Storage.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
IBM Corporation (United States), Amazon Web Services (United States), HPE (United States), Google LLC (United States), Dell Technologies (United States), Cisco Systems Inc. (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Alibaba Group Holding Limited (China) and Fujitsu Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Citrix Systems Inc. (United States), DXC Technology Company (United States) and Equinix Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Cloud Storage market by , Application (Disaster Recovery, Hybrid Hosting, Cloud Management and Orchestration and Others) and Region.
On the basis of geography, the market of Hybrid Cloud Storage 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 Organisation Size , the sub-segment i.e. SMEs will boost the Hybrid Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. BFSI will boost the Hybrid Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components , the sub-segment i.e. Solutions (SAN, NAS and Object Storage) will boost the Hybrid Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Artificial Intelligence with Hybrid Cloud Storage
Market Growth Drivers:
Rise in Adoption of Cloud Computing Solutions, Improvement in Internet Penetration and Connectivity and Emergence of Data Analysis Tools
Challenges:
Concerns Regarding Data Privacy of the Clients
Restraints:
High Initial Cost of Setup, Specifically On Site Hardware and Rising Incidents of Cyber Attacks and Data Breach Incidents
Opportunities:
SMEs and Rising Culture of Tech Start-ups Present an Opportunity as Potential Clients, which are Less Explored
Market Leaders and their expansionary development strategies
In 2021, IBM Corporation, Global Computing Giant has announced plans of acquisition of Turbonomic for an undisclosed amount. Turbonomic is a software developer specialising in Application Resource Management (ARM) and Network Performance Management (NPM). The acquisition is set to strengthen IBM’s AIOs capabilities and decrease the costs of IBM for deployment of AI in optimizing IT operations in its Hybrid Cloud Computing Solutions.
Key Target Audience
Hybrid Cloud Storage Provider, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
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.