Hybrid Cloud Computing Market to Make Great Impact in Near Future by 2024by Hulda Echave A cutting-edge global cloud solutio
Hybrid cloud computing is gaining traction fast. It is a seamless
integration of private, public, and community clouds from various
service providers to carry out different functions within the same
organization. It helps organizations to take advantage of the
cost-effectiveness of public cloud platforms for all non-sensitive
operations and rely on private cloud where they are required. Different
cloud services complement one another’s functionalities in hybrid cloud computing
thereby allowing users to maximize their efficiencies. The adoption of
hybrid cloud depends on various factors such as the degree of control
needed over data, data security and compliance requirements, and the
type of application being used by an organization.
A report by Transparency Market Research segments the global market for hybrid cloud computing based on parameters such as solutions, services, service models, verticals, and organizations’ sizes. Depending upon solutions, for example, it segments the market into security and compliance, cloud management and orchestration, disaster recovery, and hybrid hosting. On the basis of service, it classifies the market into professional and managed services.
Depending upon the service model again, it segments the market into platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS). Small and medium enterprises (SMEs) and large enterprises both utilize hybrid cloud computing. Consumer goods and retail, government and public sector, education, healthcare and life sciences, manufacturing, media and entertainment, telecommunication, and information technology enabled services and banking, financial services, and insurance are key end-use verticals.
Global Hybrid Cloud Computing Market: Trends and Opportunities
At the forefront of driving growth in the global hybrid cloud computing market is various entities’ requirement for scalable, nimble, and cost-effective cloud computing solutions and the need for smooth interoperability between the existing applications and cloud services.
Going forward, more and more savvy enterprises are expected to adopt hybrid cloud technologies to save on costs and to have acces to technical expertise to focus on their core competencies. Organizations can easily shift their non-critical data and applications from private to the public cloud to reduce the web traffic. Another growth driver is the increasing demand for digital services and their applications.
factors such as infrastructure dependency and fears over dearth of
privacy and data protection are predicted to counter the growth in the
global market for hybrid cloud computing. A noticeable trend in the
market is the soaring popularity of SaaS and IaaS service model. This is
because many SaaS vendors provide applications as a service to the end
users and focus on the hybrid cloud management software.
Global Hybrid Cloud Computing Market: Regional Outlook
the key segments of the global hybrid cloud computing market are Asia
Pacific, North America, Eastern Europe, Western Europe, Latin America,
and the Middle East and Africa. Among them, North America leads the
global market with maximum share. This is mainly because entities in the
U.S. have been frontrunners in adopting latest technologies to gain a
competitive edge. In the years ahead, however, Asia Pacific is
forecasted to gain the most on account of a fast-paced expansion in its
market. Large enterprises in the region are increasingly leveraging
hybrid cloud solutions to operate better and slash costs.
Companies Mentioned in Report
To present a detailed assessment of the competition prevailing in the global market for hybrid cloud computing, the report profiles companies such as Equinix Inc., Hewlett-Packard, VMware Inc., Oracle Corporation, Citrix Systems Inc., Rackspace Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, and Amazon Web Services Inc.
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Created on Feb 18th 2018 23:05. Viewed 412 times.