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Growing Network Complexity Fuelling Hybrid Cloud Market Growth

05-06-2014 05:02 PM CET | IT, New Media & Software

Press release from: Technavio

More organizations are relying on a combination of private and public cloud services to meet enterprise storage needs.

More organizations are relying on a combination of private and public cloud services to meet enterprise storage needs.

TechNavio, the independent tech-focused global research firm has released its report on the Global Hybrid Cloud Market, which is posting a CAGR of 30.16 percent from 2013-2018.

The hybrid cloud model combines public and private cloud computing, where an application runs in a private cloud and "bursts" into a public cloud when demand increases. This helps enterprises achieve maximum usability and minimize faults without the need for constant internet connectivity.

According to Faisal Ghaus, Vice President of TechNavio, the rapid expansion of enterprise businesses and the advanced equipment required to meet the growing business requirements are increasing the complexity of network infrastructure. To address the complexity, enterprises are adopting private cloud solutions that centralize the storage and allocation of computing resources to end-users.

“The private cloud is limited in terms of the capacity of computing resources it can allocate to end-users. Cloud service providers are adopting hybrid cloud models where the computing resources are accessed from the public cloud in case of scarcity of resources in the private cloud infrastructure.”

Market growth is obviously dependent on the availability of hybrid clouds from service providers. For instance, Fujitsu offers hybrid cloud service based on Microsoft Windows Azure, which enables interoperability between applications and systems.

The TechNavio report also delves into market drivers and challenges that could impact growth in the market over the projected period.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Hybrid Cloud Market please send an e-mail to media@TechNavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.

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