Hybrid Cloud Market Analysis, Global Share, Trends, Segmentation And Forecast To 2033

The hybrid cloud market size has grown rapidly in recent years. It will grow from $99.37 billion in 2023 to $114.87 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to complex application requirements, business agility and flexibility needs, security concerns, legacy infrastructure integration, cost optimization strategies.

The hybrid cloud market size is expected to see rapid growth in the next few years. It will grow to $215.07 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to increasing cloud adoption, digital transformation, data security concerns, remote workforce expansion, multi-cloud management, ai and analytics expansion. Major trends in the forecast period include business continuity and disaster recovery, ai and analytics integration, edge computing integration, cost optimization strategies, multi-cloud management, remote workforce enablement.

Market Overview -
A hybrid cloud is a combination of at least two computing operating systems environment that share information and operate at a consistent set of applications for a business or enterprise over the internet. The primary purpose of hybrid cloud is to establish an IT infrastructure design which combines a company's internal IT resources with the infrastructure and services of third-party cloud providers.

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Hybrid Cloud Market Soars With Surging Adoption Of Cloud Services
The increasing adoption of cloud services is expected to propel the growth of the hybrid cloud market going forward. Cloud services refer to a wide range of services offered on demand to clients and companies through the internet. A hybrid cloud combines on-premises infrastructure with public and private cloud services. This allows enterprises to benefit from the security of private cloud environments while benefiting from the low-cost operation, scalability, security, and control. Due to such the above offerings and benefits of cloud services, there is an increasing demand for hybrid cloud. For instance, in March 2021, according to the Flexera 2021 State of the Cloud Report survey of 750 technical professionals from around the world and across a diverse range of organizations, 92% of enterprises have a multi-cloud strategy, 80% have a hybrid cloud strategy, and 55% of enterprise workloads are expected to be in a public cloud within a year. Therefore, the increasing adoption of cloud services is driving the growth of the hybrid cloud market.

Competitive Landscape -
Major companies operating in the hybrid cloud market report are Amazon Inc., Fujitsu Ltd., Oracle Corporation, Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., DXC Technology Company, Alibaba Group Holding Limited, Google LLC, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, Equinix Inc., Rackspace Technology Inc., VMware Inc., Panzura Inc., Lumen Technologies Inc., NetApp Inc., Atos SE, Red Hat Inc., Nutanix Inc., Lenovo Group Limited, Juniper Networks Inc., DigitalOcean LLC, Zerto Corporation, NTT Data Corporation, Hitachi Vantara Corporation, InterVision Systems LLC, Scale Computing Inc., Stratoscale Inc., Morpheus Data LLC, Joyent Inc., DataCore Software Corporation, Virtuozzo International GmbH .

Flexential Unveils Cutting-Edge Hybrid It Options For Superior Cloud Solutions
Technological advancement is a key trend gaining popularity in the hybrid cloud market. Major market players are developing advanced technologies to improve efficiency and scalability to sustain their position in the hybrid cloud market. For instance, in October 2022, Flexential, a US-based IT service management company, launched New Hybrid IT Options on National FlexAnywhere Platform with Cloud Solution Expansion at Gartner IT Symposium/Xpo 2022. This new platform allows Flexential customers to extend their applications and workloads beyond on-premises data centres. The hybrid cloud deployments on Flexential's national FlexAnywhere footprint relieving the organization's burden of managing underlying infrastructure while providing superior application performance.

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Key Segments -
The hybrid cloud market covered in this report is segmented -
1) By Component: Solution, Services
2) By Workload: Storage, Backup And Disaster Recovery, Application Development And Testing, Database Management, Business Analytics, Integration And Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration And Content Management, Other Workloads
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises
4) By End-User Industry: Government and Public Sector, Healthcare, Banking, Finance, Services, and Insurance (BFSI), Retail, Information and Communication Technology, Media and Entertainment, Other End-User Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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