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 Till

ID: MRFR/ICT/0512-CR | 205 Pages | Published By Ankit Gupta on August 2020         

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Hybrid Cloud Market

The global hybrid cloud market accounted for a valuation of USD 64,251.5 million in 2020 and is estimated to reach USD 173.25 Billion in 2030 at a 18.72% CAGR.

Segmentation
By Component Solution Services
By Service Type Hybrid Hosting Cloud Management Orchestration Disaster Recovery
By Service Model Infrastructure-as-a-Service Software-as-a-Service Platform-as-a-Service
By Organization Size SMEs Large Enterprises
By Vertical BFSI IT & Telecom Retail Manufacturing Media & Entertainment Healthcare Transportation Others
Key Players
Companies Profiled   IBM   Splunk Inc.   McAfee (Intel)   Rapid7 Inc.   SolarWinds Corp   BlackStratus   AlienVault (AT&T Inc.)   RSA (EMC Corporation)   Micro Focus   International plc   ManageEngine (ZOHO Corporation)
Drivers
Market Driving Forces   Growing Demand for Agile    Scalable    and Cost-Effective Computing   Rising Need for Interoperability Standards Between Cloud Services and Existing Systems   Focus on Avoiding Vendor Lock-In
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Hybrid Cloud Market Overview:


This research report on hybrid cloud is done to examine the developments of the hybrid cloud market which includes its market improvements, developments, positions, and others. Hybrid cloud helps in understanding the dynamic conditions of the market with its significant players and driving brands. The forecasted period helps to evaluate and analyze the various segments that are relied upon to witness development and estimated growth. The global hybrid cloud market accounted for a valuation of USD 64,251.5 million in 2020 and is estimated to reach USD 173.25 Billion in 2030 at a 18.72% CAGR.



  • On Aug. 02, 2021Tech Mahindra Ltd. announced the expansion of its collaboration with Microsoft Corp. to further strengthen its hybrid cloud capabilities by accelerating hybrid cloud transformation, consolidating virtualized workloads, and building enterprise resilience. Integrating Microsoft Azure Stack HCI would enable Tech Mahindra to maximize value from on-premise investments while seamlessly maintaining business continuity.


Covid-19 Analysis:


Due to the current situation of coronavirus the small, medium, and large businesses are affected. Due to the complete shutdown manufacturing units were adversely affected. Lack of workers and government policies dragged the market down during the year 2020. However, it is expected that things will get back to normal by 2020. By 2025, The global hybrid cloud market accounted for a valuation of USD 64,251.5 million in 2020 and is estimated to reach USD 247,693.3 million in 2027 at a 21.1% CAGR.



  • On Mar.15, 2022Cisco introduced several new software and hardware products to advance the hybrid cloud adoption process for businesses. With the outbreak of the COVID-19 pandemic, workplaces are moving to hybrid and remote work setups, posing challenges in handling multitudes of data from various sources on-premises and cloud systems.


Cisco intends to help businesses adapt quickly and streamline the secure delivery of applications on-premises data centers or in the public cloud by enabling IT operations to transform with a hybrid cloud. The newly announced items include advanced digital capabilities, improved infrastructure, and data center features to accelerate the data rate.


Hybrid Cloud Market Dynamics:Drivers:The factors for the immense growth of the global hybrid cloud market include the majority of players who witness blockchain technology and cloud computing. Also, many people are opting for advanced technology for decision-making in forecasting. This for sure has increased the use of cloud computing solutions for telemedicine. In addition to this other factors include the rising use of technology and cloud computing which is continuously adding to the advancements. Factors such as mandatory regulation and its compliance, advancement in security information and event management market, and artificial intelligence are also the new ways of working. All these factors provide an extra boost in the growth of the hybrid cloud market.



  • On Oct. 26, 2022, Liquid Cloud and Microsoft announced a partnership to deploy hybrid cloud infrastructure to enable businesses with cloud services across Africa. Liquid Cloud with Microsoft will deliver resilient cloud solutions, using its colocation and connectivity capabilities alongside Microsoft Azure Stack HCI (hyper-converged infrastructure) and Azure Arc technology. The new hybrid cloud environment extends Azure capabilities, enabling customers to create cloud-native applications faster with Azure Platform as a Service (PaaS) and data services.


Opportunities:The opportunities that boost the rise of the hybrid cloud market include solving the problems that act as a restrain or hindrance to the growth. These opportunities include manufacturing security information and event management software. This software helps to save businesses from breaches and security issues. Security information and event management software helps in creating logs as well as storing them while simultaneously providing high security. These logs can be checked in the situation of breach or security threat to identify what the issue is and immediate actions can be taken. Security information and event management have evolved and are still in the way of evolution In which data is stored and events are recorded. Security information and event management can be defined as a basic combination of security event management and security information management. Both the components have their importance such as security event management helps in monitoring events and threats on a real-time basis whereas the SIM that is security information management will help to collect and analyze the log data.Restraints:Some factors hinder the growth of hybrid cloud technology due to the increased risk of data and security breaches. A security breach may hamper the business only if the competitors can get a hand on the information that is being transported. The exchange of information by other businessmen can lead to a very negative impact on the business.

The move towards online platforms for the majority of work has been initiated which has resulted in the threat to confidential data and records. The threat is higher than ever. Even though a normal breach when evaluated off a central customer data it can cost businesses around millions of US dollars. The failure of the software to provide security which might affect the market growth.


Hybrid Cloud Market Segmentation:


The global hybrid cloud market is divided based on the deployment model, based on the solutions, based on the control, based on the product, based on the application, and based on the region into the following.


Based on The Deployment Model:Based on the deployment model, the market is segmented into private cloud, public cloud,  hybrid cloud, and virtual private cloud.Based on The Solutions:Based on solutions, the hybrid cloud market is classified into patch management, firewall security, and event and log management.Based on The Control:Based on control, the hybrid cloud market is divided into managed and controlled by the host, hybrid management, and controlled by host management by the software provider.Based on The Region:On a regional basis, the hybrid cloud market is divided into the Asia Pacific, North America, Europe, South America, Africa, and the Middle East and Africa.

Based on The Product:Based on product, the global hybrid cloud market is segmented into healthcare solutions and healthcare provider solutions. According to the analysis, the health care fair solution segment is further divided into fraud management, payment management, provider network management, claims management, and customer relationship management. The other segment which is the healthcare provider solutions segment is further fragmented into clinical information systems, and non-clinical information systems.


Based on The Application:The global hybrid cloud market is segmented based on application into energy and utility, IT and telecom, retail and hospitality, education, health care, financial and insurance services, and government. Out of all these segments, IT and telecom are predicted to hold the leading hybrid cloud market share in the market. IT and telecom are attributed to show a growth in the utilization of cybersecurity measures in the industry which has anticipations with an increase in demand for this software over the forecasted period.

  • On Oct. 25, 2022, Advizex and HPE GreenLake announced a partnership to tackle hybrid IT challenges by replicating the cloud experience for workloads running at multi locations without the typical operational complexities. 


With the HPE GreenLake platform, customers can get a consistent simplified hybrid cloud experience in applications and workloads like data centers, at the edge, in colocation facilities, or a public cloud. HPE and Advizex deliver the benefits, such as pay-per-use pricing, to achieve the scalability and flexibility advantages of the public cloud. 



  • On Oct. 26, 2022, Kyndryl, an IBM spinoff MSP, formed strategic partnerships with all three big cloud service providers - AWS, Google Cloud, and Microsoft. The IT infrastructure service provider announced the creation of Kyndryl Consult, a business helping enterprises integrate and manage cloud & premises-based IT estates. Kyndryl’s hybrid cloud-managed services can reduce unsuccessful deployments and unhappy customers.


Hybrid Cloud Market Regional Analysis:


The global hybrid cloud market is divided into the following regions- Asia Pacific, North America, Europe, Africa, and the Middle East, and Africa.


According to the analysis, North America in the hybrid cloud market has impressive developments during the estimated time frame. The time frame is also called the forecasted period which has a duration of eight years from 2021 to 2028. This development is not possible due to marketing investments and investigation instruments that have resulted due to the existing players. These existing players solidify the settled market since the beginning. There are developments of administration organizations, organizations, outside and managers channelizing their endeavors to make client-driven items that further add up to the development in this district. Ill defectors for this include rising interest, expanded pay comma trend-setting innovations, and apparatus besides the product and project. This spreads attention to the need to make hybrid cloud markets develop.


There are regions too that have shown considerable recognizable proof for growth patterns in regions of South America, Europe, Asia Pacific, Africa, and the Middle East and Africa. Taken into concentration the open doors for development in these regions due to rising disposable income, awareness among people to save the data, increase in work from home employees, etc.



  • Oct. 27, 2022, HostedBizz (Canada), a subsidiary of Opti9 Technologies, LLC, a hybrid cloud solutions provider with offices across North America, Europe, and the APAC region, announced an additional data center presence in Vancouver, BC, to accelerate its revenue growth further. 


HostedBizz’s cloud services will be available in British Columbia to meet the increased demand from customers within the province. End-user experience is critically important for compliance and performance. HostedBizz’s cloud services will let end users perceive an overall superior cloud experience.


Competitive Landscape:The prominent key players of the hybrid cloud market in the global market are mentioned down below.



  • IBM

  • Splunk Inc.

  • McAfee (Intel)

  • Rapid7 Inc.

  • SolarWinds Corp

  • BlackStratus

  • AlienVault (AT&T Inc.)

  • RSA (EMC Corporation)

  • Micro Focus International plc

  • ManageEngine (ZOHO Corporation)


All these prominent key players play a major road in the dynamics and growth of the hybrid cloud market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base.



Recent Developments:Given below are some recent developments seen in the hybrid cloud market research-



  • Technological advancements have been made in day-to-day activities to help businesses to run smoothly and without any hassle.

  • Developments are made in the use of technology and cloud computing systems which have aided as an advancement.

  • Advancements are made in the air of digitalization and technological advancements by exploiting software to make their process smoother and to fulfill the needs of customers.

  • Security information and event management software have been developed as a solution for confidential data and records to be safe from all threats and security breaches. These security breaches and threads do occur within the IT structure of an organization.

  • To save the cost of customer data for a normal breach businesses are focused on taking precautions to avoid breaching activities that ensure data security.



Report Overview:The global hybrid cloud market in the global market research report consists of the following elements which are mentioned down below-



  • Market overview

  • Covid 19 analysis

  • Market dynamics

  • Market segmentation

  • Regional analysis

  • Competitive landscape

  • Recent developments


In the global hybrid cloud market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of hybrid cloud. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, and the hybrid cloud market. The future growth rate is also discussed and mentioned in this research report.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 173.25 Billion By 2030
  CAGR   18.72% From 2020 to 2030
  Base Year   2020
  Forecast Period   2020 to 2030
  Historical Data   2018 and 2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   • by Component (Solution and Services) • by Service Type (Hybrid Hosting, Cloud Management, and Orchestration and Disaster Recovery) • by Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service) • by Organization Size (SMEs and Large Enterprises) • by Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Media & Entertainment, Healthcare, Transportation, and Others)
  Geographies Covered   • North America (US, Canada, and Mexico) • Europe (UK, Germany, France, Spain, Italy, and Rest of Europe) • Asia-Pacific (China, Japan, India, Australia,and Rest of Asia-Pacific) • Middle East & Africa • South America
  Key Vendors   • IBM Corporation • Oracle Corporation • Cisco Systems Inc. • Google LLC • Microsoft Corporation • HPE • Amazon.com Inc. • Equinix, Inc. • NTT Communications Corporation • Wipro Limited • VMware (Dell Technologies Inc.) • Atos SE • Lumen Technologies Inc. • Citrix Systems, Inc. • Fujitsu • DXC Technology  
  Key Market Opportunities   • These opportunities include manufacturing security information and event management software • The opportunities that boost the rise of the hybrid cloud market include solving the problems that act as a restrain or hindrance to the growth
  Key Market Drivers   • Drivers • Growing Demand for Agile, Scalable, and Cost-Effective Computing • Rising Need for Interoperability Standards Between Cloud Services and Existing Systems • Focus on Avoiding Vendor Lock-In • Restraint • Lack of Awareness About Privacy and Data Protection • Opportunity • Growing Demand for More Computational Power • Increasing Deployment of Hybrid Cloud in Developing Nations • Challenges • Secure Integration of Cloud and On-Premises Application Workloads • Workload Complexities in Hybrid Cloud Environment • Impact of COVID-19 • Impact of COVID-19 on Cloud Deployments • Impact of COVID-19 on the IT Industry • Impact of COVID-19 on Market Players • Impact of COVID-19 on End Users


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Frequently Asked Questions (FAQ) :

The global hybrid cloud market generated revenue of USD 44.87 Billion in 2018.

Td cloud market is projected to acquire a market valuation of USD 173.25 Billion by 2030 The global hybrid.

The global hybrid cloud market is expected to record a CAGR of 18.72% during the review period (2020-2030).

Increasing need to avoid vendor lock-in, and growing demand for agile, scalable, and cost-efficient computing are the major driving factors for the hybrid cloud market growth.

the lack of technical expertise is one of the impeding factors for the growth of the hybrid cloud market.

The North American region is expected to acquire the largest market share at a 23.81% CAGR.

The Asia Pacific hybrid cloud market is expanding at a 29.11% CAGR over the review period.

A few significant players of the hybrid cloud market are tech giants such as Google LLC (US), IBM Corporation (US), Oracle Corporation (US), Cisco Systems, Inc. (US), and Microsoft Corporation (US).