Global Hybrid Cloud Market Research Report: Forecast till 2025
The global market of Hybrid Cloud registers a growth at CAGR of 22.25% during the forecast period. A hybrid cloud is a mixed computing service and storage environment, that allows data and applications to be shared between them. A hybrid cloud is composed of the combination of virtual machines from different cloud services. For the application layer, it is formed with components in existing applications of various SaaS offerings within the data point of an organization.
The major benefit of hybrid cloud for businesses is to scale their existing on-premises infrastructure which helps in handling extra data. Hybrid cloud is highly beneficial in variable workload environments with dynamic workloads, big data processing, and temporary processing.
Many organizations are focussing on agile, scalable and cost-efficient computing to drive successful growth. A new trend is been observed in many organizations to avoid vendor-lock in and opt for different service models such as multi-cloud and hybrid cloud. It allows disaster recovery in the case of security breaches in databases stored on the cloud. Organizations can have control over their data providing flexibility and power of choice, thus significantly reducing the issues related to vendor lock-in. Nonetheless, the lack of technical expertise is one of the keys to prohibiting factors for the growth of the hybrid cloud market.
The Global Hybrid Cloud Market is segmented by components, organization size, service type, service model, vertical and region. By component type, the global hybrid cloud is segmented as solution and services and the service segment is again subdivided as managed services and professional services. Based on organization size the market is categorized as large enterprise and small and medium enterprises.
Based on service type the hybrid cloud market is segmented as hybrid hosting, cloud management and orchestration, and disaster recovery. By service model type it is segmented as Infrastructure-As-A-Service, Software-As-A-Service, and Platform-As-A-Service.
By vertical type, the market for the Hybrid cloud is divided as IT and Telecom, Retail, Manufacturing, Media and Entertainment, Healthcare, Transportation, and Others.
Based on Region it is segmented as
• North America
? The Netherlands
? Rest of Europe
? South Korea
? Rest of Asia-Pacific
• Rest of The World
? Middle East and Africa
? South America
Based on the region, the global hybrid cloud market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America accounted for the largest market share of 35% in 2018, with USD 15.90 billion market value; the market is expected to register a CAGR of 23.81% during the study period. Whereas Asia-Pacific is expected to exhibit the highest CAGR of 29.11% during the forecast period 2019–2025
The major players of Global Hybrid Cloud Market are Equinix, Inc. (US), NTT Communications Corporation (Japan), Rackspace (US), Hewlett Packard Enterprise Development LP (US), Amazon.com Inc. (US), VMware Inc. (US), IBM Corporation (US), Oracle Corporation (US), Cisco Systems, Inc. (US), Google LLC (US), and Microsoft Corporation (US).