Hybrid Cloud Market Size, Trends & Share Analysis | Industry Report, 2020-2027
Hybrid Cloud Market Size, Share & Analysis Report by Service (SaaS, IaaS, and PaaS), By Enterprise (Large Enterprise and Small and Medium Enterprise), By End-Use (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy and Utilities, Healthcare, Media & Entertainment, Government & Public Sector, and Others) and By Region – Global Opportunities & Forecast, 2020-2027
Hybrid Cloud Market is projected to reach USD 171 billion by 2027, exhibiting a CAGR of 18.2% during forecast period.
Introduction of the Hybrid Cloud Market Report
A hybrid cloud is a solution that merges a private cloud with one or more public cloud services to enable communication between each distinct service. Hybrid cloud allows cloud service users to address their business needs by leveraging a wide range of capabilities of public service cloud providers. A hybrid cloud enables IT to optimize for distinct needs and disparate workload requirements. It helps in improving security and risk management which has driven the growth of the global hybrid cloud market.
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Market Dynamic
Key Drivers and Emerging Trends
Increased adoption of hybrid cloud in IT service management models coupled with the shift in the preference towards hybrid cloud acts as the major drivers of the market. The hybrid cloud platform has gained popularity in the IT sector as it offers advantages like scalability, flexibility, and multi-cloud space while providing security reassurance to organizations. IT players across the nations spend 56% time on maintenance and spend 24% spend on resolving technical issues across multiple platforms. Moreover, this maintenance and working model is time and capital-consuming, which has inclined the organizations towards hybrid cloud, which has led to the growth of the global hybrid cloud market size.
In addition, organizations across the globe are entering into the third wave of digital disruption, which is pushed by the core forces such as the long-term falling cost of computing, communications, and storage. Surviving in the digital transformation is a captivating new reality for different sectors across the world. Factors such as evolution in need for connectivity, a surge in reliance on mobile communications, and others have accelerated the velocity of disruptions, which is anticipated to create a new hybrid cloud market opportunity.
Restraint in the Hybrid Cloud Market
However, network complications and growth in security concerns are the major reasons that are anticipated to hamper the hybrid cloud market growth.
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Service – Segment Analysis
Based on the service, SaaS (software as a service) is expected to dominate the global hybrid solution market over the forecast period. The inclination of leading players such as IBM and Google towards hybrid cloud is one of the major reasons behind the adoption of hybrid-based cloud platform applications. SaaS reduces the time of rapid prototyping with high integration and scalability.
End-Use – Segment Analysis
Based on the end-use, the BFSI segment is expected to grow at a higher CAGR in the global hybrid cloud market over the forecast period. With the increasing adoption of cloud services for the storage and management of customer data, the hybrid cloud market size is anticipated to grow. Factors such as secure storage, interoperability, and 24×7 uptime, have facilitated the BFSI sector to emphasize more on customer-centric business models and digitalization of trade and wealth. Furthermore, services such as, online fund transfer, digital wallets, payment gateways, and unified customer experience will play a significant role in the BFSI industry, thus facilitating the overall shift towards public cloud solutions.
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Regional – Segment Analysis:
Based on the region, North America is expected to dominate the global hybrid cloud market over the forecast period. This is due to the presence of the key players in the region, such as Amazon, Microsoft, and IBM. The adoption of cloud-based technologies has increased in the region, which has significantly driven the growth of the global hybrid cloud market. Furthermore, the product includes new IBM Services offering to help migrate and extend mission-critical VMware workloads to the IBM Cloud and new integrations to help enterprises modernize applications with Kubernetes and containers, which has driven the hybrid cloud market share of the top companies.
Top Market Players
Various notable players operating in the market include VMware, Inc, Microsoft, RACKSPACE TECHNOLOGY, IBM, Google, Amazon, Hewlett Packard Enterprise Development LP, CISCO, Dell Inc., and Verizon, among others.
Key Developments:
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- In 2019, VMware, Inc., announced an extended alliance with Oracle Corporation to improve the hybrid cloud strategies of their customers. The alliance allows users to run VMware Cloud workloads on Oracle Cloud Infrastructure.
Segments covered in the Report:
The global hybrid cloud market has been segmented based on service, enterprise, end-use, and regions. Based on service, the market is segmented into SaaS, IaaS, & PaaS. Based on enterprise, the market is segmented into large enterprise, small and medium enterprise. Based on end-use, the market is segmented into BFSI, IT & telecom, retail & consumer goods, manufacturing, energy and utilities, healthcare, media & entertainment, government & public sector and others.
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Key questions answered in this research report:
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- At what pace is the global hybrid cloud market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the hybrid cloud market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global hybrid cloud market?
- Which service generated maximum revenues in 2019 and identify the most promising service during the forecast period?
- What are the various enterprise areas of global hybrid cloud market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues (2027) |
USD 171 billion |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Service, By Enterprise, By End-Use, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | VMware, Inc, Microsoft, RACKSPACE TECHNOLOGY, IBM, Google, Amazon, Hewlett Packard Enterprise Development LP, CISCO, Dell Inc., and Verizon, among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Hybrid Cloud Market by Service
-
- SaaS
- IaaS
- PaaS
Global Hybrid Cloud Market by Enterprise
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- Large Enterprise
- Small & Medium Enterprise
Global Hybrid Cloud Market by End-Use
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- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Manufacturing
- Energy and Utilities
- Healthcare
- Media & Entertainment
- Government & Public Sector
Global Hybrid Cloud Market by Region
-
- North America Hybrid Cloud Market (Option 1: As a part of the free 25% customization)
- By Service
- By Enterprise
- By End-Use
- US Market All-Up
- Canada Market All-Up
- Europe Hybrid Cloud Market (Option 2: As a part of the free 25% customization)
- By Service
- By Enterprise
- By End-Use
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Hybrid Cloud Market (Option 3: As a part of the free 25% customization)
- By Service
- By Enterprise
- By End-Use
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Hybrid Cloud Market (Option 4: As a part of the free 25% customization)
- By Service
- By Enterprise
- By End-Use
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Hybrid Cloud Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Hybrid Cloud (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- VMware, Inc.
- Microsoft
- RACKSPACE TECHNOLOGY
- IBM
- Amazon
- Hewlett Packard Enterprise Development LP
- CISCO
- Dell Inc.,
- Verizon
Frequently Asked Question About This Report
Hybrid Cloud Market [UP2021-001001]
SaaS (software as a service) is expected to dominate the hybrid solution market over the forecast period. The inclination of leading players such as IBM and Google towards hybrid cloud is one of the major reasons behind the adoption of hybrid-based cloud platform applications.
Increased adoption of hybrid cloud in IT service management models coupled with the shift in the preference towards hybrid cloud acts as the major drivers of the market.
The growth rate of Hybrid Cloud Market during 2020-2027 is 18.2%.
The top players in Hybrid Cloud Market include VMware, Inc, Microsoft, RACKSPACE TECHNOLOGY, IBM, Google, Amazon, Hewlett Packard Enterprise Development LP, CISCO, Dell Inc., and Verizon, among others.
- Published Date: Jun - 2021
- Report Format: Excel/PPT
- Report Code: UP2021-001001
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Hybrid Cloud Market Size, Trends & Share Analysis | Industry Report, 2020-2027
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