The global hybrid cloud market grew at a CAGR of around 20% during 2014-2019. A hybrid cloud refers to a cloud-computing environment that combines on-premises, private, public and third-party cloud services. It enables the movement of workloads between public and private platforms to unify, automate and manage a computing environment. The hybrid cloud architecture generally utilizes three types of service models namely Infrastructure as a Service, Platform as a Service and Software as a Service. It also utilizes a private cloud that is either on-premises or hosted by a third-party cloud provider and a stable wide area network (WAN) connectivity between the environments. It offers various benefits, such as comprehensive support for the remote workforce, minimized costs of operations and improved scalability, control, security and risk management. As a result, it finds extensive applications across various industries, such as banking, financial services and insurance (BFSI), information technology (IT), healthcare, government and public sector, retail and manufacturing.
Rapid digitization, along with the widespread adoption of cloud-computing services, is one of the key factors driving the growth of the market. Moreover, the growing demand for agile, scalable and cost-effective computing systems is also augmenting the market growth. Hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of operations. Apart from this, due to the sudden outbreak of the COVID-19 pandemic across the globe, enterprises are adopting remote work and video conferencing tools, thereby increasing the demand for hybrid cloud systems for business continuity. Various technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also contributing to the market growth. Other factors, including increasing adoption of Software-as-a-Service (SaaS) and multi-cloud spaces, along with improvements in the IT infrastructure, are expected to drive the market further. Looking forward, IMARC Group expects the global hybrid cloud market to continue its double-digit growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hybrid cloud market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, component, service, service type, service model, organization size and vertical.
Breakup by Component:
Breakup by Service:
Breakup by Service Type:
Cloud Management and Orchestration
Breakup by Service Model:
Infrastructure as a Service
Platform as a Service
Software as a Service
Breakup by Organization Size:
Breakup by Vertical:
Government and Public Sector
Banking, Finance, Services and Insurance (BFSI)
Information and Communication Technology
Breakup by Region:
Middle East and Africa
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.
Key questions answered in this report:
How has the global hybrid cloud market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global hybrid cloud market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the service?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the service model?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hybrid cloud market and who are the key players?
What is the degree of competition in the industry?