Market Highlights:
Hybrid cloud is a cloud computing environment which uses a mix of on-premises, private cloud and third-party, public cloud services with orchestration between the two platforms. By allowing workloads to move between private and public clouds as computing needs and costs change, hybrid cloud gives businesses greater flexibility and more data deployment options. Hybrid cloud is particularly valuable for dynamic or highly changeable workloads. For example, a transactional order entry system that experiences significant demand spikes around the holiday season is a good hybrid cloud candidate. The application could run in private cloud,but use cloud bursting to access additional computing resources from a public cloud when computing demands spike. To connect private and public cloud resources, this model requires a hybrid cloud environment.
The main reason organizations adopt the hybrid cloud approach is that it gives them maximum flexibility to explore new products and business models. If your business needs are continually changing, your development team can benefit from having a private environment on which to build and test new software without having to dramatically rearrange your IT resources and architecture.
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Major Key Players
Some of the key players in the global hybrid cloud market are Akamai Technologies Inc. (U.S.), Amazon Web Services LLC (U.S.), CA Technologies (U.S.), Dell Inc. (U.S.), Flexiant Ltd. (U.K.), Google Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), IBM Corporation (U.S.), Equinix Inc. (U.S.) and Microsoft Corporation (U.S.) among others.
Some of the key innovators are Vmware, Inc.(U.S.), Citrix Systems, Inc. (U.S.), Equinix, Inc. (U.S.), Oracle Corporation (U.S.), Rackspace Hosting, Inc.(U.S.), Verizon Communications, Inc (U.S.), Panzura (U.S.), Terago Networks, Inc. (Canada), Fujitsu Ltd. (Japan), NTT Communications (Japan), NEC Corporation (Japan), Salesforce.Com (U.S.), Century Link Inc., (U.S.), Turbonomic (U.S.), and many others.
According to MRFR, The global Hybrid Cloud Market is estimated to reach USD140 billion at CAGR 24% through the forecast period 2023
The major growth driver of Hybrid Cloud Market includes growing demand for efficient productivity by organizations, rise in demand of secure and quick data access, and growing adoption of small & medium sized enterprises among others. The rising popularity of big data management tools across organizations is also leading to the increased incorporation of hybrid cloud.
The market faces restraints such as the high costs of installation as compared to the installation of a single cloud network as the former requires the deployment of two distinct cloud networks. Moreover, the relatively newer field of hybrid cloud could also mean that new kinds of data security issues might arise.
Industry News
January. 2018– Microsoft Corporation announced that it has acquired Avere Systems, a start-up specializing in data storage. The technology could ultimately help Microsoft pick up more Azure revenue by serving customers who want to use cloud computing while still keeping data in their own facilities. Microsoft has taken more of a hybrid approach than Amazon or Google in the cloud business. It offers the Azure Stack private cloud software that mirrors what’s available from the Azure public cloud. And Microsoft continues to sell server and database software for corporate data centres.
January 2018 – The Irish cloud Communications Company Blueface is going to mergw with US Star2Star Communications to create a global competitor in the enterprise telephony market. The deal will see significant growth at the new company’s Dublin base. The combined company will be called StarBlue and will have its headquarters in the US to reflect the larger size of Star2Star, which is based in Sarasota, Florida. Dublin will remain the EMEA headquarters for the enlarged group.
Segmentation
The hybrid cloud Market can be segmented in to 6 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by cloud service type: Comprises Software as a service (SaaS), Platform as a service (PaaS), and Infrastructure as a service (IaaS) among others.
Segmentation by solution: Comprises cloud management and orchestration, disaster recovery, security and compliance, hybrid hosting.
Segmentation by service: Comprises professional and managed services.
Segmentation by Application : Comprises BFSI, Education, Telecommunications, Government, and Healthcare among others.
Segmentation by organization size: Comprises SME and large eneterprises.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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Regional Analysis:
North-America is dominating the Global hybrid cloud market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2027. Due to availability of large IT market and developed cloud data centres in the region, North America is anticipated to grow at a rapid rate. APAC region is projected to have great opportunities in this market, growing at the highest CAGR during the forecast period. The primary reason for the high growth rate in APAC region is the increasing utilization of data centres and cloud services and increasing trend of large enterprises combining private and public operations for hybrid cloud computing.
Intended Audience
- Cloud vendors
- Application providers
- System integrators
- Consultancy firms
- Service providers
- Data integration service providers
- Managed services providers
LIST OF TABLES
Table 1 Global Hybrid Cloud Market: By Region, 2017-2023
Table 2 North America Hybrid Cloud Market: By Country, 2017-2023
Table 3 Europe Hybrid Cloud Market: By Country, 2017-2023
Table 4 Asia Pacific Hybrid Cloud Market: By Country, 2017-2023
Table 5 The Middle East & Africa Hybrid Cloud Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Hybrid Cloud Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Hybrid Cloud Market
FIGURE 4 Value Chain of Global Hybrid Cloud Market
FIGURE 5 Share of Global Hybrid Cloud Market in 2017, by country (in %)
FIGURE 6 Global Hybrid Cloud Market, 2017-2023,
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