Hybrid Cloud Market Research Report 2023, Size, Share, Growth, Analysis, Trends and Forecast 2028by Zayn Mathew Market Research Reports
According to the latest report by IMARC Group, titled “Hybrid Cloud Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,”The global hybrid cloud market size reached US$ 104.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 312.6 Billion by 2028, exhibiting a growth rate (CAGR) of 19.1% during 2023-2028."
A hybrid cloud is a computational environment that uses a public and a private cloud to allow data and applications to be shared between them. It enables businesses to seamlessly scale their on-site infrastructure to the public cloud to handle any overflow. This enables them to meet any fluctuations in computing and processing demands without allowing third-party data centers to access their data. Hybrid cloud solutions are gaining momentum worldwide as they enable organizations to gain public cloud versatility and computing resources for primary and non-sensitive computing tasks while keeping business-critical applications and data on-premises, safely behind a company firewall.
Hybrid Cloud Market Trends:
Hybrid cloud computing offers numerous benefits, such as flexibility, scalability, and cost-efficiency, with low data exposure risk. On account of these advantages, several organizations are shifting toward hybrid cloud solutions to achieve security of data and large storage spaces to reduce their capital expenditure and enhance capabilities through digitizing their infrastructure. Due to the spread of the coronavirus disease (COVID-19) worldwide, businesses are embracing remote work and video conferencing technologies, which, in turn, is escalating the demand for hybrid cloud systems for business continuity. Furthermore, technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also enhancing the functioning of hybrid cloud systems, thereby providing a positive outlook for the market. Moreover, the leading companies are developing advanced hybrid cloud services to support next-generation workloads in latency-sensitive, bandwidth-intensive, and data transfer-heavy applications.
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Global Hybrid Cloud Market 2023-2028 Analysis and Segmentation:
The report has also analysed the competitive landscape of the market with some of the key players being Alibaba Group Holding Limited, Amazon Inc., Century Link Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., DXC Technology Company, Fujitsu Ltd. (Furukawa Group), Google (Alphabet Inc.), Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Inc. and VMWare Inc.
The report has segmented the market on the basis on region, component, service, service type, service model, organization size and vertical.
Breakup by Component:
Breakup by Service:
- Professional Services
- Managed Services
Breakup by Service Type:
- Cloud Management and Orchestration
- Disaster Recovery
- Hybrid Hosting
Breakup by Service Model:
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Breakup by Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- Government and Public Sector
- Banking, Finance, Services and Insurance (BFSI)
- Information and Communication Technology
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Created on Oct 25th 2021 07:24. Viewed 264 times.