What is the global market size of Hybrid Cloud Market?

Global Hybrid Cloud Market size was valued at USD 65.48 Billion in 2021 and is poised to grow from USD 73.25 Billion in 2022 to USD 179.71 Billion by 2030, growing at a CAGR of 11.87% in the forecast period (2023-2030).

Who are the key vendors in the Global Hybrid Cloud Market?

The global Hybrid Cloud Market operates within a dynamic and competitive landscape, featuring a diverse mix of established industry leaders, emerging contenders, and specialized producers. Innovation stands as a pivotal competitive factor within this environment. Dominant brands actively allocate resources towards research and development endeavors, continually introducing novel flavors, innovative packaging formats, and health-conscious variations to align with evolving consumer preferences. These industry frontrunners frequently serve as trendsetters, setting the pace and dictating the trajectory of market trends through their pioneering approaches, thereby influencing the wider industry landscape. 'Cisco Systems Inc.', 'Amazon Web Services (Amazon Inc.)', 'IBM Corporation', 'Lumen Technologies Inc.', 'Rackspace Technology Inc.', 'Equinix Inc.', 'VMware Inc.', 'Intel Corporation', 'Dell EMC (Dell Technologies Inc.)', 'Fujitsu Ltd', 'DXC Technology Company', 'Hewlett Packard Enterprise Company', 'Microsoft Corporation', 'Alibaba Cloud (Alibaba Group Holding Limited)', 'Oracle Corporation', 'Google LLC', 'Panzura Inc.', 'Flexera Software LLC', 'NTT Communications Corporation', 'Accenture PLC', 'Others'

What is the key driver of Global Hybrid Cloud Market?

Enterprises are increasingly turning to the hybrid cloud model to overcome persistent business challenges that prove challenging to resolve using traditional IT infrastructure alone. This approach grants enterprises the ability to seamlessly expand their applications and infrastructure as dictated by their demands, providing users with exceptional speed, performance, and unwavering availability.

What is the key market trend for Global Hybrid Cloud Market?

The evolution of hybrid IT services is poised to unlock substantial opportunities, fostering accelerated growth within the hybrid cloud market. This enterprise computing strategy involves an organization's management and provision of certain information technology resources internally, alongside leveraging cloud-based services for others. This approach allows businesses to explore the realm of cloud computing while upholding a centralized IT governance model. Hybrid IT is reshaping IT architectures by seamlessly integrating internal and external services, often a fusion of internal systems with public clouds.

Which region accounted for the largest share in Global Hybrid Cloud Market?

North America is projected to wield a substantial stake in the hybrid cloud market. Numerous companies across the region are transcending the confines of solely relying on the public cloud. Instead, they are embarking on a transformative phase embracing hybrid IT services, amalgamating public, private, and traditional IT infrastructure. This strategic shift signifies a pivotal move for these organizations, showcasing their adoption of hybrid cloud strategies. Such initiatives have proven instrumental in enhancing their overall business capabilities and enabling the seamless delivery of services to their customer base.

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 2024-2031

Report ID: SQMIG45A2216 | Region: Global | Published Date: September, 2024
Pages: 197 | Tables: 149 | Figures: 79

Hybrid Cloud Market News

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 Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Hybrid Cloud Market size was valued at USD 81.01 billion in 2022 and is poised to grow from USD 97.8 billion in 2023 to USD 348.14 billion by 2031, growing at a CAGR of 17.2% during the forecast period (2024-2031).

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. 'Accenture ', 'Alibaba ', 'Atos ', 'AWS (Amazon Web Services) ', 'Fujitsu ', 'Google ', 'HPE (Hewlett Packard Enterprise) ', 'IBM ', 'Microsoft ', 'NetApp ', 'NTT Communications ', 'Oracle ', 'Pure Storage ', 'Unitas Global ', 'Nutanix ', 'Equinix ', 'Verizon ', 'OVHcloud ', 'DigitalOcean ', 'Huawei Cloud'

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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Hybrid Cloud Market News

Hybrid Cloud Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Hybrid Cloud Market?

Who are the key vendors in the Hybrid Cloud Market?

What is the key driver of Hybrid Cloud Market?

What is the key market trend for Hybrid Cloud Market?

Which region accounted for the largest share in Hybrid Cloud Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300