Hybrid Cloud Market 2024-2033: Competitor Assessment, New Trends, Share Analysis And Global Key Players

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hybrid Cloud Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $215.07 billion In 2028 At A CAGR Of 17.0%.

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..

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Hybrid Cloud Market Major 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 Driver - 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.

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Prominent Trend - 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.

Hybrid Cloud Market Players
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 .

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Largest And Fastest Growing Region In The Market
North America was the largest region in the hybrid cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the hybrid cloud market during the forecast period. The regions covered in the hybrid cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hybrid Cloud Market Report Structure
3. Hybrid Cloud Market Trends And Strategies
4. Hybrid Cloud Market - Macro Economic Scenario
5. Hybrid Cloud Market Size And Growth
…..
27. Hybrid Cloud Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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