Hybrid Cloud Market Research Report—Global Forecast till 2030

Global Hybrid Cloud Market Research Report: Information by Component (Solution and Services), Service Type (Hybrid Hosting, Cloud Management, and Orchestration and Disaster Recovery), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size(SMEs and Large Enterprises), Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Media & Entertainment, Healthcare, Transportation, and Others),and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast T...

ID: MRFR/ICT/0512-CR | August 2020 | Region: Global | 205 pages

Impact of COVID-19 on the Global Hybrid Cloud Market

COVID-19 is spreading across the world. In March 2020, governments across the globe have declared the coronavirus as a pandemic, which has significantly impacted businesses globally. The pandemic has resulted in partial or complete lockdowns and shutting down of all businesses except for essential goods and services. Due to the rapid spread of the virus across the globe, precautionary measures, such as orders for people to stay at home during the COVID-19 pandemic, have been taken by the governments. Here, cloud computing technology plays a vital role. Hybrid cloud refers to the storage, mixed computing, and services environment, which is made up of public cloud services, on-premises infrastructure, and private cloud. Hybrid infrastructure utilizes the on-premises infrastructure, private cloud, and public cloud in the organizations’ data centers. During the COVID-19 pandemic, digital channels are emerging as critical due to the employees and their families utilizing various digital solutions. The companies have allowed the majority of the employees to work at home, as cloud technology helps the employees in accessing systems and applications from home. The hybrid environment ensures that the cloud works as efficiently and smoothly as the on-premises environment.

Hybrid cloud aids businesses in scaling their existing on-premises infrastructure, which helps in managing excess data. The primary factor driving the growth of the hybrid cloud market is the increasing demand for agile, scalable, and cost-effective computing. The hybrid cloud helps in eliminating the issues faced by organizations that are challenging to solve using traditional IT infrastructure. It helps in bridging the gap between businesses and IT by enhancing the agility & efficiency as well as delivering IT resources at lower costs. The hybrid cloud also helps in the security of crucial business information.

IT companies and other businesses are expected to ensure the stability of underlying systems that support operational processes and critical activities to operate and sustain during the COVID-19 pandemic which has posed a short-term challenge for businesses; however, in the long-term, it is expected that the companies might adopt the remote working policy to prevent the spread of the virus. Thus, cloud technology is being increasingly adopted during the COVID-19 pandemic.