ID: MRFR/ICT/0512-CR | August 2020 | Region: Global | 205 pages
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 247,693.3 million in 2027 at a 21.1% CAGR..
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.
Hybrid Cloud Market Dynamics:
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.
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.
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 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.
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.
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.
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.
|Market Size||Market Values (USD) 2020: USD64,251.5million 2027:USD 247,693.3million|
|Forecast Units||Value (USD Million)|
|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|
|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|
Frequently Asked Questions (FAQ) :
The global hybrid cloud market generated revenue of USD 44.87 Billion in 2018.
The global hybrid cloud market is projected to acquire a market valuation of USD 173.33 billion by 2025.
The global hybrid cloud market is expected to record a CAGR of 22.25% during the review period (2019–2025).
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).