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Hybrid Cloud Market Major Players, Volume, Development, Opportunities, Market Dynamic Forces & Forecast 2027

Market Snapshot

Market Research Future (MRFR), in its latest the global hybrid cloud market report reveals that the world hybrid cloud market 2020 is expected to rise at by 2025. MRFR reveals that the hybrid cloud market value was USD 44.87 Bn in 2018 and it is expected to touch USD 173.33 Bn by 2025. The computing environment that comprises private and public cloud is called hybrid cloud. Hybrid cloud allows easy of sharing data and applications between them. The hybrid cloud works on infrastructure and application level. In case of the infrastructure layer, the formation of hybrid cloud is in the combination of different cloud services and virtual machines. In case of application layers, the hybrid cloud components are used in different SaaS offerings. Hybrid cloud solution can benefit businesses to scale the existing on-premises infrastructure. This can aid to handle excess data. In case of non-sensitive computing tasks, enterprises can gain the public cloud agility due to growing need for the safety of crucial data and applications. The increased need for avoiding vendor lock-in, plus the rise in the demand for scalable, agile, and cost-efficient computing solutions are other drivers of the world hybrid cloud solutions.

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Key Players

MRFR listed some important players in the world hybrid cloud market. They are ; NTT Communications Corporation (Japan), Equinix, Inc. (US), Hewlett Packard Enterprise Development LP (US), Rackspace (US), VMware Inc. (US), Amazon.com Inc. (US), Google LLC (US), IBM Corporation (US), Cisco Systems, Inc. (US), Oracle Corporation (US), and Microsoft Corporation (US).

Market Segmentation

The segment study of the world global Hybrid Cloud Market Share is based on organization size, component, service model, service type, and vertical. The hardware based segment of the hybrid cloud market are solutions and services. The organization size of the hybrid cloud market segments are SMEs and large enterprises. The service type based segments of the market are cloud management & orchestration, hybrid hosting, and disaster recovery services. The service model based segments of the hybrid cloud market are platform as a service, infrastructure as a service, and software as a service. The vertical based segment of the hybrid cloud market are retail, BFSI, IT & Telecom, healthcare, transportation, media & entertainment, manufacturing, and others.

Market Dynamics

Increasing need to avoid vendor lock-in and increasing demand for agile, flexible, and cost-effective computing are the important drivers for this market\-\-s growth. There is an increasing emphasis among organizations worldwide on avoiding vendor lock-in by opting to different service models like multi-cloud and hybrid cloud. Disaster recovery in the event of security breaches in databases stored on the cloud is one of the critical features that caused companies to move to a hybrid cloud service model. Hybrid clouds have allowed organizations to maintain control of their data, offering flexibility and power of choice, thus significantly lowering the issues related to vendor lock-in. Organizations tend to maintain the mission-critical applications on-premises while reaping the processing advantages and capabilities of public clouds for non-critical applications. The advantages provided by hybrid cloud service models in terms of avoiding vendor lock-in are anticipated to propel the development of the global Hybrid Cloud Market Trends during the assessment period. Nevertheless, the lack of technical expertise is one of the main limiting factors for the development of the hybrid cloud industry.

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Regional Analysis

By region, the global Hybrid Cloud Market Size has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America had the largest market share of 35% in 2018, with a market valuation of USD 15.90 billion; the market is projected to have a 23.81% CAGR over the assessment period.

Asia Pacific is set to achieve the highest CAGR of 29.11% during the forecast period 2019-2025.

Market Segmentation

The global market for hybrid cloud has been segmented on the basis of component, organization size, service type, service model, and vertical.

On the basis of components, the global hybrid cloud market has been segmented into solutions and services. The services segment has been further categorized as managed services and professional services.

On the basis of organization size, the global hybrid cloud market has been segmented into large enterprises and small and medium enterprises.

Based on service type, the global hybrid cloud market has been segmented into hybrid hosting, disaster recovery, and cloud management and orchestration.

On the basis of the service model, the global hybrid cloud market has been segmented into platform as a service, software as a service, and infrastructure as a service.

On the basis of vertical, the global hybrid cloud market has been segmented into BSFI, IT & telecom, retail, manufacturing, media and entertainment, healthcare, transportation, and others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Posted by on 3. May 2021. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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