About Hybrid IT Management
Hybrid IT management is a broad term that refers to a variety of solutions and services that help ensure the smooth operation of an enterprise's cloud-based business processes. Multi-cloud migration management, enhancing IT service efficiency, backup & recovery, and operations management, to mention a few hybrid IT management solutions and services now being offered by industry players. The increasing use of technologically driven solutions, platforms, and business tools has increased the demand for reliable and efficient hybrid IT management solutions and services. Factors such as the increasing use of multiple state-of-the-art technology-driven platforms and tools for business processes, as well as changing business requirements, have fueled demand for solid IT management solutions and services. As a result, propelling the hybrid IT management market forward in the approaching years. Furthermore, the rapid adoption of a new internet of things-based solutions and services across a wide range of end-users is expected to fuel market expansion across a variety of industry verticals. As a result, the market for hybrid IT management services is likely to give significant attractive business growth prospects.
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hybrid IT Management 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.
IBM (United States), Microsoft (United States), Micro Focus (United Kingdom), Cisco Systems (United States), AWS (United States), Oracle (United States), Google (United States), VMware (United States), Equinix (United States), Rackspace (United States), NetApp (United States), Atos (United States) and Fujitsu (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 (United States), Pure Storage (United States), Unitas Global (United States) and Quest Software (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid IT Management market by and Region.
On the basis of geography, the market of Hybrid IT Management 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 End-User Industry, the sub-segment i.e. BFSI will boost the Hybrid IT Management 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 IT Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Model, the sub-segment i.e. Software as a service (SaaS) will boost the Hybrid IT Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in Digital Services and Their Applications
Market Growth Drivers:
Growing Demand for Agile, Scalable and Cost-Effective Computing and Rising Need for Interoperability Standards Between Cloud Services and Existing Systems
Challenges:
Compliance issues, Migration Complexity and Workload Complexities in Hybird Cloud Environment
Restraints:
Data Privacy and Security Issues and Lack of Technical Expertise
Opportunities:
Growing Demand for More Computational Power and Technology Advancements
Market Leaders and their expansionary development strategies
In September 2020 – Micro Focus announced the release of Hybrid Cloud Management X (HCMX), the industry’s first cloud-native, multi-tenant cloud management platform that can run in the public cloud or on-premises
In April 2021 – IBM announced innovations across its storage portfolio designed to improve the access to, and management of, data across increasingly complex hybrid cloud environments for greater data availability and resilience.
Key Target Audience
Software Providers, Technology Providers, Investors, Network Companies 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.