Wednesday 15 April 2015, Amsterdam
According to a new market research report, now available on ASDReports, "Hybrid Cloud Market by Solution (Consulting, Cloud Integration, Cloud Management, Cloud Security, and Networking), by Service Model (IAAS, PAAS, and SAAS), by Region (NA, Europe, APAC, MEA, and LA) – Global Forecast to 2019", defines and segments the hybrid cloud market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.
Most of the organizations are implementing the hybrid cloud deployment in order to span both private and public cloud simultaneously. This market is segmented into system and service, deployment model, vertical and region. Hybrid cloud provide excellent high end solutions such as integration, cloud management, cloud security, networking, and consulting to offer highly scalable resources that can be adjusted on-demand. According to the research study around 48 percent of the enterprise respondents are planning to adopt hybrid cloud systems and services in the near future.
The new report has broadly segmented the cloud infrastructure services market by solutions: consulting, integration, cloud management, cloud security, and networking; by verticals: BFSI, consumer goods and retail, healthcare, government, energy, education, telecommunication and ITES, manufacturing, research and consulting services, media and entertainment, and others; by regions: North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).
The report believes that the data security concerns associated with consumers regarding their critical data storage in the cloud and technological constraints giving rise to network and application performance issues are the major constraints in the hybrid cloud market. These challenges carry significant potential of hampering the adoption rate of hybrid cloud by numerous SMBs across a wide range of verticals.
The hybrid cloud market is estimated to grow from $25.28 billion in 2014 to $84.67 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 27.3% from 2014 to 2019. In regional segmentation, North America is expected to be the biggest market in terms of revenue contribution while Latin America (LA), Middle East and Africa (MEA), and Asia-Pacific (APAC) are expected to emerge rapidly in this market with high CAGRs.
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