Global Hybrid Cloud Market - By Service Type (Disaster Recovery, Hybrid Hosting, And Cloud Management & Orchestration), By Component (Services And Solutions), By Service Model (Infrastructure-as-a-Service, Software-as-a-Service, And Platform-as-a-Service), By Vertical (Transportation, Healthcare, BFSI, Retail, IT and Telecommunications, Media & Entertainment, Government, and others), By Organization Size (Large Enterprises And SMEs), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Hybrid Cloud market accrued earnings worth approximately 50.99 (USD Billion) in 2019 and is predicted to gain revenue of about 150.91 (USD Billion) by 2026, is set to record a CAGR of nearly 17.91% over the period from 2020 to 2026.

19-Oct-2020 | Number of pages: 110 | Report Code: ZMR-1766 | Report Format : | Status : Published

Abstract

The global Hybrid Cloud market accrued earnings worth approximately 50.99 (USD Billion) in 2019 and is predicted to gain revenue of about 150.91 (USD Billion) by 2026, is set to record a CAGR of nearly 17.91% over the period from 2020 to 2026. The report offers assessment and analysis of the global Hybrid Cloud market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Hybrid cloud solutions integrates private cloud with more than one public cloud solutions. A hybrid cloud assist myriad businesses in carrying out their operations seamlessly and flexibly. Additionally, strong hybrid cloud architecture annihilates security risks through restriction of private data to public cloud.

Furthermore, hybrid cloud infrastructure facility comprises of public infrastructure as a service tool, a data center, and easy access to a secured network. The hybrid cloud services equips the IT firms in effectively controlling their data. Apparently, hybrid cloud solutions enables the businesses in providing a slew of options to its stakeholders so that the latter can choose the environment that best fits their requirements. Apart from this, hybrid cloud model requires less space and saves the costs of the end-user. It can prove to be beneficial for the start-ups who do not have huge capital for investing in construction of giant private data center unit.

Additionally, hybrid cloud solutions can improve computing & storage power and help in optimizing limited resources of physical space.  With massive requirement for data privacy in healthcare sector, the hybrid cloud industry is likely to gain traction over the ensuing years.

Market Growth Dynamics

Escalating requirement for preventing vendor lock-in and a prominent demand for agile, cost-effective, and scalable computing are the major factors driving market growth. Apart from this, disaster recovery in case of security violations has forced enterprises to switch towards hybrid cloud solutions, thereby driving market trends. Moreover, hybrid cloud reduces the gap between information technology and various businesses by enhancing its operational efficiency along with delivering IT resources quickly at reduced costs. Escalating requirement of enhanced computational power and swiftly surging acceptance of hybrid cloud solutions will offer new growth avenues for hybrid cloud industry over the estimated timeline. Nonetheless, low level of technical expertise available in the emerging economies can act as a major restraint for the expansion of hybrid cloud market over the forecasting years.

Moreover, hybrid cloud solutions assist the healthcare practitioners in maintaining the patient information in a secured manner. Apart from this, it has proved beneficial for the BFSI (Banking, Financial Services, and Insurance ) sector in terms of cost-savings, enhanced storage power, speedy computing, increase in operational efficiency, and requirement of less physical space for deployment. All these aforementioned factors are anticipated to contribute substantially towards the hybrid cloud industry revenue in the forthcoming years.

North America To Retain Domination In Global Market Over 2020-2026

The growth of the market in North America over the estimated timeline is credited to large-scale presence of giant players in the region along with rampant automation witnessed in production sector in the countries like the U.S. and Canada. In addition to this, hybrid cloud installation has become the apt solution for the enterprise in the sub-continent. Apparently, rise in the acceptance of multiple cloud solutions and need for improving operational efficacy will steer the regional market trends. Need for offering real-time services to the customers has driven the adoption of hybrid solutions in the countries like the U.S.

Key players influencing the market growth are Microsoft Corporation, Amazon Web Services Inc., Cisco Systems Inc., IBM Corporation, EMC Corporation, Oracle Corporation, VMware Inc., Hewlett Packard Enterprise Development LP, Rackspace Inc., and Dell Inc.

The global hybrid cloud market is segmented as follows:

By Component

  • Solution
  • Services

By Service Type

  • Cloud management and orchestration
  • Disaster recovery
  • Hybrid hosting

By Service Model

  • Infrastructure-as-a-Service
  • Platform-as-a-Service
  • Software-as-a-Service

By Organization Size

  • Large enterprises
  • Small and medium-sized enterprises

By Vertical

  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Retail
  • Media and entertainment
  • Manufacturing
  • Government
  • Transportation
  • Others (travel and hospitality, and education)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Escalating requirement for preventing vendor lock-in and a prominent demand for agile, cost-effective, and scalable computing are the major factors driving market growth. Apart from this, disaster recovery in case of security violations has forced enterprises to switch towards hybrid cloud solutions, thereby driving market trends. Moreover, hybrid cloud reduces the gap between information technology and various businesses by enhancing its operational efficiency along with delivering IT resources quickly at reduced costs. Escalating requirement of enhanced computational power and swiftly surging acceptance of hybrid cloud solutions will offer new growth avenues for hybrid cloud industry over the estimated timeline.

According to Zion market research report, the global Hybrid Cloud market accrued earnings worth approximately 50.99 (USD Billion) in 2019 and is predicted to gain revenue of about 150.91 (USD Billion) by 2026, is set to record a CAGR of nearly 17.91% over the period from 2020 to 2026.

North region will contribute lucratively towards the global market value over the estimated timeline. The growth of the regional market during the forecast timespan can be attributed to large-scale presence of giant players in the region along with rampant automation witnessed in production sector in the countries like the U.S. and Canada. In addition to this, hybrid cloud installation has become the apt solution for the enterprise in the sub-continent. Apparently, rise in the acceptance of multiple cloud solutions and need for improving operational efficacy will steer the regional market trends.

The key market participants include Microsoft Corporation, Amazon Web Services Inc., Cisco Systems Inc., IBM Corporation, EMC Corporation, Oracle Corporation, VMware Inc., Hewlett Packard Enterprise Development LP, Rackspace Inc., and Dell Inc.

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