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  • Hybrid cloud market is estimated to grow at a significant rate during the forecast period 2024-2032

    Hybrid Cloud Market to Demonstrate a Strong Growth Over 2032 | MRFR

    Report Details:
    15 Companies Covered
    205 Pages

    Hybrid Cloud Market Scenario


    Hybrid Cloud Market is predicted to reach USD 319.5 Billion at a CAGR of 16.21% during the forecast period:


    Market Research Future (MRFR) has published a cooked research report on the “Hybrid Cloud Market ” that contains information from 2024 to 2032. The Hybrid Cloud Market is estimated to register a CAGR of 16.21% during the forecast period of 2024 to 2032.


    MRFR recognizes the following companies as the key players in the global Hybrid Cloud Market — IBM, Splunk Inc., McAfee (Intel), Rapid7 Inc., SolarWinds Corp, BlackStrauts, AlienVault (AT& T Inc.), RSA (EMC Corporation), Micro Focus, International Plc, Amazon Web Services, and ManageEngine (ZOHO Corporation)


    Market Highlights


    The global Hybrid Cloud Market is accounted to register a CAGR of 16.21% during the forecast period and is estimated to reach USD 319.5 Billion by 2032.


    The hybrid cloud market was a rapidly growing segment of the cloud computing industry. A hybrid cloud is an integrated cloud computing environment that combines public cloud services with private cloud infrastructure, allowing organizations to leverage the benefits of both while maintaining control over sensitive data and applications.


    Segment Analysis


    The global Hybrid Cloud Market has been segmented based on Component, Service Type, and Service Mode.


    The Hybrid Cloud market segmentation, based on Components, includes Solutions and Services. The solution segment dominated the market, accounting for maximum market revenue. There is an increasing interest in accepting of cloud-native hybrid cloud management solutions, which drives category revenue growth. Some tools use the method of an open-source Infrastructure-as-a-Service (IaaS), which derives pre-integrated with public and private cloud infrastructure. OpenStack, Apache CloudStack, and more are the major companies launching hybrid cloud management solutions to drive the revenue growth segment.


    The hybrid cloud market segmentation, based on service type, includes hybrid hosting, cloud management, orchestration, and disaster recovery. The cloud management category generated the most income. Complex IT processes and sluggish operations can be observed when managing a separate cloud platform with effective highway tools .Furthermore, hybrid hosting is anticipated to be the fastest-growing segment in the projected period. As a result of the numerous benefits, such as a single point of contact, sharing the network infrastructure and a single point of delivery and management for hosting services result in a high demand for this among businesses.


    The hybrid cloud market segmentation, based on the service model, includes Infrastructure-as-a-service, Software-as-a-service, and Platform-as-a-service. The software-as-a-service model is holding the maximum market revenue. Delivering Software-as-a-Service, a cloud service provider manages the software application. Software-as-a-Service (SaaS) apps are typically web applications or mobile apps that users can access using a web browser. Users are connected to the cloud applications via a dashboard or APIs and are cared for software upgrades, bug fixes, and other regular software maintenance.


    Regional Analysis


    The global Hybrid Cloud Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North American hybrid cloud market will dominate this market, owing to increased technological advancement. In addition, the growing number of cloud computing methods will boost market growth in this region. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


    Europe's Hybrid Cloud market accounts for the second-largest market share due to the increasing demand for the digital transformation of several regional industries. Further, the German hybrid cloud market held the largest market share, and the UK hybrid cloud market was the fastest-growing market in the European region.


    The Asia-Pacific hybrid cloud market is expected to grow at the fastest CAGR from 2023 to 2032. Hybrid cloud technologies are supporting to deal with growing complex IT environments. Moreover, China’s hybrid cloud market held the largest market share, and the Indian hybrid cloud market was the fastest-growing market in the Asia-Pacific region.


    Key Findings of the Study



    • The global Hybrid Cloud Market is expected to reach USD 319.5 Billion by 2032, at a CAGR of 16.21% during the forecast period.

    • The Asia-Pacific hybrid cloud market is expected to grow at the fastest CAGR from 2024 to 2032. Hybrid cloud technologies are supporting to deal with growing complex IT environments. Moreover, China’s hybrid cloud market held the largest market share, and the Indian hybrid cloud market was the fastest-growing market in the Asia-Pacific region.

    • The Hybrid Cloud market segmentation, based on Components, includes Solutions and Services. The solution segment dominated the market, accounting for maximum market revenue. There is an increasing interest in accepting of cloud-native hybrid cloud management solutions, which drives category revenue growth.

    • IBM, Splunk Inc., McAfee (Intel), Rapid7 Inc., SolarWinds Corp, BlackStrauts, AlienVault (AT& T Inc.), RSA (EMC Corporation), Micro Focus, International Plc, Amazon Web Services, and ManageEngine (ZOHO Corporation)