Hybrid Cloud Market is expected to reach a value of USD 138.63 billion by 2023, at a CAGR of 22.70%, during the forecast period (2018 - 2023)| Major Vendors - CISCO, HPE COMPANY, AMAZON WEB SERVICES, MICROSOFT, CITRIX, IBM, VMWARE INC., amongst others

Market Analysis:

North America is the Largest Market
The higher competition among cloud-based service providers in the region of North America is pushing the companies to deliver security of data, while ensuring quick access and higher reachability. This is a primary driver of the hybrid cloud market in the region, especially in the case of public centric services.

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Almost 50% of major European and North American enterprises are utilizing the services of Infrastructure as a Service (IaaS). The major benefits of IaaS offering include scalability, no hardware capital expenditure, utility style costing, location independence, and physical security if data center location, no single point of failure. Some of the major drivers for the growth of hybrid cloud market are - growing emphasis on agile and scalable computing processes, high level of benefits offered by hybrid cloud, and growing volumes of business data. The emergence of hybrid IT services (for which hybrid cloud are a key enabler) coupled with increased emphasis on analytics are expected to open up new growth opportunities during the forecast period. However, concerns over integration and operational aspects of hybrid cloud and security issues remain the major challenges affecting market growth.

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Market Segments:
Hybrid Cloud Market is segmented by:
1. Delivery Models: Infrastructure as a Service (IaaS), Platform as a a Service (PaaS), Software as a a Service (SaaS)
2. End-user Industry: Government & Public Sector, Healthcare, Banking, Finance, Services, and Insurance (BFSI), Retail, Information and Telecommunication Technology, Media and Entertainment, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•October 2017 - Google and Cisco announced a new partnership around helping their customers build more efficient hybrid cloud solutions. This partnership enables developers and IT departments to seamlessly take advantage of the most open, secure tools for building modern applications in a hybrid environment.

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