Industry Background:
The global Hybrid Cloud Management Platform market is expected to witness high demand in the forecasted market period due to COVID 19 impact. A hybrid cloud is an integrated cloud service, which utilizes both, private and public clouds to perform distinct functions within the same organization. Digital transformation using artificial intelligence and hybrid cloud has accelerated amid the COVID-19 pandemic and these new technologies can play an important role in helping companies gain competitive advantage. The importance of hybrid cloud has increased on account of the versatility and dynamic nature of work. It offers numerous benefits such as cost efficiency and scalability, flexibility, and security. Owing to these benefits, organizations are shifting toward hybrid cloud to achieve security of data, application, and large storage spaces to reduce their capital expenditure by deploying a combination of the private and public cloud model.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft (United States), IBM (United States), Dell (United States), Jamcracker (United States), Citrix (United States), HPE (United States), Oracle (United States), BMC Software (United States), CloudBolt Software, Inc. (United States) and SCALR (United States) |
This growth is primarily driven by Increased Agility and Automation and Rising Need for Interoperability Standards Between Cloud Services and Existing Systems.
Globally, a noticeable market trend is evident Need for High Level of Governance and Policy
The Cloud Computing sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft (United States), IBM (United States), Dell (United States), Jamcracker (United States), Citrix (United States), HPE (United States), Oracle (United States), BMC Software (United States), CloudBolt Software, Inc. (United States) and SCALR (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
1st August 2019, IBM has announced that it has transformed its software portfolio to be cloud-native and optimized it to run on Red Hat OpenShift. Enterprises can now build mission-critical applications once and run them on all leading public clouds, including AWS, Microsoft Azure, Google Cloud Platform, Alibaba and IBM Cloud and on private clouds.
7th May 2019, Red Hat, Inc., the world’s leading provider of open source solutions, and Microsoft Corp. today announced the general availability of Azure Red Hat OpenShift, which brings a jointly-managed enterprise-grade Kubernetes solution to Microsoft’s a leading public cloud, Microsoft Azure.
Influencing Trend:
Need for High Level of Governance and Policy and Growth in Digital Services and Their Applications
Market Growth Drivers:
Increased Agility and Automation and Rising Need for Interoperability Standards Between Cloud Services and Existing Systems
Challenges:
Complexities in Redesigning the Network for Cloud and Lack of Expertise and Management Overheads
Restraints:
Application Portability on Various Cloud Environments and Compliance With Stringent Regulations
Opportunities:
Significant Growth in Hybrid Cloud Adoption and High Adoption Rate in SMEs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Hybrid Cloud Management Platform Market
- Analysis about New Entrants in Hybrid Cloud Management Platform Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hybrid Cloud Management Platform Study Sheds Light on
The Hybrid Cloud Management Platform Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hybrid Cloud Management Platform industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hybrid Cloud Management Platform industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.