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Hybrid Cloud Market by Top Manufacturers – Microsoft Corporation, Amazon Web Services, Inc., VMware, Inc., Rackspace Inc., Hewlett Packard Enterprise, Dell EMC

04-05-2019 06:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Big Market Research

Hybrid Cloud

Hybrid Cloud

A hybrid cloud is an integrated cloud service, which utilizes both, private and public clouds to perform distinctive functions within the same organization. The importance of hybrid cloud has increased on account of the versatility and dynamic nature of work. It offers numerous benefits such as cost efficiency and scalability, flexibility, and security. Owing to these benefits, organizations are shifting toward hybrid cloud to achieve security of data, application, and large storage spaces to reduce their capital expenditure by deploying a combination of the private and public cloud model. The global hybrid cloud market size was valued at $36,138 million in 2017, and is projected to reach $171,926 million by 2025, growing at a CAGR of 21.7% from 2018 to 2025.

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The software as a service (SaaS) segment dominated the overall market in 2017 and is expected to continue this trend during the forecast period, due to growth in demand for SaaS as numerous users are seeking more purpose-built and customized solutions that can meet their specific business outcomes.
The BFSI segment dominated the overall market in 2017 and is expected to continue this trend during the forecast period owing to increased adoption of hybrid cloud in the BFSI sector, as it helps banks manage costs with great flexibility and enables them to quickly provide resources across the entire enterprise.

The North America region dominated the overall market in 2017, owing to growth in demand for hybridization services in the U.S., However, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

The report focuses on the growth prospects and restraints of the market based on the analysis of the global hybrid cloud market trends. The study provides Porter’s five forces analysis of the hybrid cloud industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the growth of the market.

Segment review
The global hybrid cloud market is segmented by component, service model, organization size, industry vertical, and region. Based on component, the market is segmented into solution and services. The solution segment is again bifurcated into hardware and software. In terms of service model, the market is segmented into software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). Based on organization size, the market is divided into large enterprises and small & medium enterprises. By industry vertical, the market is classified into IT & Telecom, healthcare, BFSI, retail, government, media & entertainment, transportation & logistics, manufacturing, and others. As per region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global hybrid cloud market include Microsoft Corporation, Amazon Web Services, Inc., VMware, Inc., Rackspace Inc., Hewlett Packard Enterprise, Dell EMC, IBM Corporation (International Business Machines), Google LLC, Verizon Enterprise, Cisco Systems, Inc., and others.

Top impacting factors
Shift in preference toward hybrid cloud, growth in digital disruptions, and increased adoption of hybrid cloud in IT service management (ITSM) models act as major drivers of the market. However, network complications & growth in security concerns are expected to hamper the hybrid cloud market growth during the forecast period. Furthermore, high adoption among small and medium organizations and emergence of hybrid IT services are expected to provide lucrative opportunities for the market.

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The growth in digital disruptions
Organizations are currently entering into the third wave of digital disruption supported by underlying forces such as long term falling cost of computing, storage, and communications. Surviving in the digital transformation is the compelling new reality for industries across the world. Factors such as growth in need for connectivity, increase in reliance on mobile communications, convergent data, and others have accelerated the velocity of disruptions. For instance, over 90% of the organizations worldwide have voiced intentions to leverage digital disruptions for survival and as a business opportunity to cope up with the competitiveness in the industry.

Emergence of Hybrid IT services
Hybrid IT services is an approach to enterprise computing in which an organization provides and manages information technology resources in-house but uses cloud-based services for others. This allows an enterprise to maintain a centralized approach to IT governance, while experimenting with cloud computing. Hybrid IT is transforming IT architectures and is a result of combination of internal and external services usually of internal and public clouds. Hybrid IT consists of services such as cloud consulting, implementation, migration, automation, containerization as a service and complete managed services, and others.

Key Benefits for Hybrid Cloud Market :
• This study includes the analytical depiction of the global hybrid cloud market trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the global hybrid cloud industry.

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