USD 65.48 Billion
Hybrid Cloud Market Size, Share, Growth Analysis, By Component(Solution, Services), By Services(Professional Service, Managed Services), By Service Type(Cloud Management and Orchestration, Disaster Recovery, Hybrid Hosting), By Service Model(Infrastructure as a Service, Platform as a Service, Software as a Service), By Workloads(Storage, Backup, and Disaster Recovery, Application Development and Testing), By Organization Size(Small and Medium-Sized Enterprises, Large Enterprises), By Vertical(Banking, Financial Services, and Insurance, IT and Telecommunications), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2216 |
Region:
Global |
Published Date: September, 2024
Pages:
197
|Tables:
149
|Figures:
79
Hybrid Cloud Market Insights
Hybrid Cloud Market size was valued at USD 97.8 Billion in 2023 and is poised to grow from USD 114.62 Billion in 2024 to USD 408.02 Billion by 2032, growing at a CAGR of 17.2% during the forecast period (2025-2032).
A hybrid cloud system is a particular computing system that enables the organization to comfortably combine and manage workloads over a range of platforms. This also includes public cloud services, dedicated cloud resources, and physical premises. In the hybrid computing models, some applications and information are stored in private clouds whereas other information systems and applications are stored in the public cloud infrastructure that is provided by third party providers. Organizations are implementing digital transformations to adapt to new technologies and update their IT systems. The global hybrid cloud market is on the rise due to a few key contributors.
Among the most notable are the growing adoption of digital transformation programs by businesses worldwide, the rise in Big Data consumption, and the expanding use of mobile and the Internet worldwide. It is expected that cloud enablement will be a key factor in the development of their new age industrial solutions thus there will be increased need for performing digital business. Also, as the Internet of Things (IoT) is gaining traction, the 5G technology being rolled out, edge computing that is becoming a reality and the use of AI and ML in real time data analysis, organizations are likely to prioritize a more holistic view of computing. This will solidify the crucial role that cloud solutions play in enabling these transformative technologies.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Services
Fastest Growth
Cloud Management and Orchestration
Growth Rate
11.87% CAGR
Global Hybrid Cloud Market ($ Bn)
Country Share by North America (%)
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Hybrid Cloud Market Segmental Analysis
Global Hybrid Cloud Market is segmented by Component, Services, Service Type, Service Model, Workloads, Organization Size, Vertical and Region. Based on Component, the market is segmented into Solution, Services. Based on Services, the market is segmented into Professional Service, Managed Services. Based on Service Type, the market is segmented into Cloud Management and Orchestration, Disaster Recovery, Hybrid Hosting. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service, Software as a Service. Based on Workloads, the market is segmented into Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration and Content Management, Others. Based on Organization Size, the market is segmented into Small and Medium-Sized Enterprises, Large Enterprises. Based on Vertical, the market is segmented into Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Component
The global hybrid cloud market is categorized into solutions and services, with solutions capturing the largest share and dominating the landscape. This growth is driven by the demand for adaptable and highly dynamic cloud environments. Solutions that facilitate seamless connectivity between public and private clouds have become increasingly popular, enabling businesses to enhance data management and improve cost and time efficiency. As organizations seek to optimize their operations in a flexible manner, these hybrid solutions provide the necessary infrastructure to meet evolving demands. This adaptability not only supports scalability but also enhances overall performance, making hybrid cloud solutions essential for modern business strategies and contributing significantly to market expansion.
The services segment is anticipated to be the most expanding section within the global hybrid cloud market since there are many custom solutions designed for smooth cloud adoption and management. Firms have turned to managed services, consulting, and support with the focus of optimizing the hybrid environment assuring security and compliance and improving the operations. On top of that, the upsurge of cloud-native solutions and the pressure of innovation force organizations to look for vertical services that enable them to utilize hybrid cloud effectively and respond to changes in the market timely.
Analysis by Service Model
Current innovations in Software as a Service (SaaS) within the global hybrid cloud market focus on enhanced flexibility, scalability, and user accessibility. The aforementioned market is overtaken by SaaS quite simply due to its on-demand application provisioning, collaboration-friendly features, and lower IT costs; all of which have become a popular option for corporate customers wishing to undertake cloud-based business activities.
Infrastructure as a Service (IaaS) is set to become the fastest-growing segment in the global hybrid cloud market due to the escalating need for scalable and cost-effective IT infrastructure. More and more organizations are shifting toward IaaS solutions in relation to running dynamic workloads, business continuity solutions, and big data processing. The model contains an element of elasticity that allows such organizations to go up or down without spending large amounts of money in advance. Moreover, these changes have been brought about by the rapid adoption of remote working and digital transformation, which in turn have created a demand for IaaS solutions characterized by enhanced connectivity and better performance in hybrid operational models.
Global Hybrid Cloud Market By Analysis by Component (%)
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Hybrid Cloud Market Regional Insights
North America is leading the global hybrid cloud market, a trend attributed to its well-developed technological infrastructure, an ever-increasing uptake of cloud solutions, and the high availability of the most important stakeholders in the IT sector. The region’s emphasis on digital transformation in almost all sectors accelerates the growth of hybrid cloud model infrastructure as it allows organizations more flexibility and scalability. Moreover, increased focus on innovation, coupled with research and development expenditure, and government policies supporting to cloud services encourage the growth of the market. In addition, North America retains its topmost position in the global hybrid cloud market due to the vast population of companies in the region looking to maximize their IT resources and ensure data safety.
Europe is becoming the most rapidly expanding region in the global hybrid cloud market primarily due to the ubiquity of digital transformation across various facets and enhancing data privacy and compliance with strict measures like GDPR. Moreover, hybrid cloud solutions are being embraced by European businesses in a bid to improve the flexibility of operations, control costs, and maintain data sovereignty. The large number of cloud service providers as well as new startups brings about competitive environment that encourages improvement of both technology and services. Furthermore, the increasing need for digital solutions as a result of the remote working trend and the increase in IoT applications also drives hybrid cloud services usage in the region making it one of the global players in the market.
Global Hybrid Cloud Market By Geography
- Largest
- Fastest
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Hybrid Cloud Market Dynamics
Drivers
Increasing Demand for Scalability and Flexibility:
- The global hybrid cloud market is witnessing immense growth due to the rising need for scalability and flexibility. Companies have now opted for solutions that allow them to change their IT resources in accordance with demand. Hybrid cloud infrastructure allows for the swift scaling of workloads to ensure performance and cost effectiveness.
Rising Focus on Data Security and Compliance:
- The increased attention towards data safety and compliance is one of the key factors propelling the growth of the global hybrid cloud market. Companies need to enforce internal processes that defend confidential data and comply with legal provisions. In this light, hybrid cloud models afford organizations the ability to control where their data resides giving them the possibility to institute appropriate security measures and compliance norms.
Restraints
Complexity of Management and Integration:
- The complexity of managing and integrating hybrid cloud environments poses a significant restraint on the global hybrid cloud market. The coordination of various cloud applications and in-house systems might pose a challenge for many organizations thus increasing the operational burden. Such a scenario can discourage companies from adopting hybrid cloud solutions completely.
Concerns Regarding Data Security and Privacy:
- Concerns about data security and privacy represent a critical restraint for the global hybrid cloud market. As the organizations operate in a plethora of environments, the risk of data breaches and non-compliance increases significantly. Most organizations are reluctant to embrace hybrid cloud solutions owing to the fears of loss of data control and regulatory compliance.
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Hybrid Cloud Market Competitive Landscape
A dynamic business environment is observed in the fine hybrid cloud services market, with several players seeking to diversify their service delivery. Some of the global players include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM, and Oracle, who are offering solutions based on hybrid cloud. Such companies are interested in convergence of state of the art technologies such as AI and machine learning in performance, security and scalability, so that the overgrowing needs of business virtually in every aspect of life today are satisfied.
Top Player’s Company Profiles
- Accenture
- Alibaba
- Atos
- AWS (Amazon Web Services)
- Fujitsu
- HPE (Hewlett Packard Enterprise)
- IBM
- Microsoft
- NetApp
- NTT Communications
- Oracle
- Pure Storage
- Unitas Global
- Nutanix
- Equinix
- Verizon
- OVHcloud
- DigitalOcean
- Huawei Cloud
Recent Developments
- In August 2024, IBM announced the launch of its enhanced Cloud Paks for Data, designed to simplify data management in hybrid cloud environments. This solution enables organizations to seamlessly integrate, manage, and analyze data across on-premises and cloud platforms, thereby enhancing operational efficiency and decision-making capabilities.
- In July 2024, Microsoft unveiled expanded hybrid cloud offerings within Azure, including new Azure Arc features that allow customers to manage their resources across multiple environments. This development aims to streamline operations for businesses, providing greater flexibility and control over their hybrid cloud infrastructure while optimizing resource utilization and security.
- In September 2024, Oracle launched its Autonomous Database for hybrid cloud environment. This capability provides an automated approach in database management which enhances performance, security and scalability. Through this innovative approach, the vendor seeks to enable organizations to easily control their datastores in various ways and thus aid their digital transformation endeavors.
Hybrid Cloud Key Market Trends
- Shift Towards Multi-Cloud Strategies: With the increasing competition in the market, more and more companies are switching to multi-cloud strategies in order to make the most of the available cloud providers. this gives a chance for cost savings, improved agility, and elimination of possible vendor lock-in constructs. In hereby mentioned scenarios, when several systems are interwoven, firms can create more functional and operational hybrid clouds.
- Growing Adoption of Cloud-Native Technologies: The increasing use of cloud-native technologies is reshaping the global hybrid cloud market. Companies all over the world have started making use of microservices, containers and serverless computing to create and deploy applications in much more effective ways. This trend improves deployment speed and scalability, shortens time to market, and allows easier functioning within hybrid environments which aids growth of the market as a whole.
Hybrid Cloud Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the growth of the global hybrid cloud market is robust due to factors such as the flourishing digital transformation initiatives across industries, explosive growth of Big Data, and the penetration of IoT and 5G technologies. Businesses are increasingly using hybrid cloud environments to improve the operational flexibility, scalability, and security of managing various workloads over public and private infrastructures. The challenges associated with management intricacies, along with data protection tightens the demand for customized services and creative solutions more than ever. The primary markets are marketing cuttings-edge developments in the service which helps resolve the situation without stretching the companies' operational capabilities to the limit as current efficient cloud integration is proving to be a priority for most economies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 81.01 billion |
| Market size value in 2031 | USD 348.14 billion |
| Growth Rate | 17.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered | |
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hybrid Cloud Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hybrid Cloud Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hybrid Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hybrid Cloud Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hybrid Cloud Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hybrid Cloud Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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