About Hybrid Cloud Computing
The global Hybrid Cloud Computing market is expected to witness high demand in the forecasted period due to increasing adoption by enterprises. According to expertise, approximately 80 percent of organizations are predicted to migrate toward the cloud, hosting, and colocation services by 2025. A hybrid cloud is an integrated cloud service, which utilizes both, private and public clouds to perform distinct functions within the same organization. It provides various benefits including flexibility, security, cost-efficiency, and scalability. Also, approx. 22% of enterprise workloads will be handled by hybrid cloud platforms by 2020." The Paas and Iaas services are dominating the global market due to the rising demand for developing, testing, and managing applications. According to the Cloud Computing report on International Trade administration 2016, "the revenue for IaaS and PaaS will exceed USD55 billion and likely surpass the revenue for servers by 2020." Additionally, increasing demand for cloud services owing to the CORONA virus crises is act as the major driver of the global market. The impact of CORONA includes an increasing number of 'Work From Home' situations across the world, the increasing popularity of video gaming, growing inclination towards online video streaming will help to boost cloud computing market and similarly hybrid cloud computing market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 21.9% |
The global market is dominated by key players including AWS, Oracle, IBM, and Google Clouds. AWS marked significant growth in the hybrid cloud computing market. To gain the market share key players are adopting various strategies such as technological developments, mergers, and acquisitions. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hybrid Cloud Computing 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.
AWS (United States), IBM (United States), Microsoft (United States), Oracle (United States), Google (United States), Cisco Systems (United States), VMware (United States), Alibaba (China), Equinix (United States), Rackspace (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 NetApp (United States), Atos (United States), CenturyLink (Louisiana), HPE (United States), DXC (United States), RightScale (United States), Micro Focus (United States), NTT Communications (Japan), Dell EMC (United States), 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 Cloud Computing market by and Region.
On the basis of geography, the market of Hybrid Cloud Computing 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 Service Model, the sub-segment i.e. Software as a Service (SAAS) will boost the Hybrid Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. IT & Telecom will boost the Hybrid Cloud Computing 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 (Hardware, Software) will boost the Hybrid Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Large Enterprises will boost the Hybrid Cloud Computing 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. Cloud management and orchestration will boost the Hybrid Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for More Computational Power and Growing Focus to Avoid Vendor Lock-In
Market Growth Drivers:
High Demand in Digital Services and Their Application, Increasing Demand for Agile Computing and Rising Consumer Preferences towards Hybrid Cloud
Challenges:
Rising Workload Complications in Hybrid Cloud Environment
Restraints:
Growing Network Complications and Lack of Awareness about Privacy As Well As Data Protection
Opportunities:
Introduction Of Hybrid IT Services such as cloud Consulting, Implementation, Migration, Automation, Containerization as a service, Complete Managed Services, and Others
Market Leaders and their expansionary development strategies
On November 2020, IBM has announced an extended partnership with VMware to accelerate hybrid cloud innovation and adoption across global enterprises.
On September 2020, Oracle and VMware, Inc. has announced an expanded partnership to help customers leverage the companies’ enterprise software and cloud solutions to make the move to the cloud.
Key Target Audience
Cloud Vendors, Application Design and Development Services Providers, System Integrators/Migration Services Providers, Investors, Government Regulatory Bodies, Private and Government Research 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.