Hybrid Cloud Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global hybrid cloud market is anticipated to grow at a significant CAGR during the forecast period. A hybrid cloud is a cloud solution that combines both private and public clouds to serve different purposes within the same company. Due to the versatility and dynamic nature of work, hybrid cloud has become increasingly important. It has several advantages, including cost-effectiveness and scalability, as well as flexibility and security. Organizations are transitioning to a hybrid cloud to accomplish data, application, and huge storage space security while reducing capital investment by using a hybrid cloud architecture that combines the private and public cloud models.

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Major market drivers include a shift in inclination toward hybrid cloud, an increase in digital disruptions, and growing adoption of hybrid cloud in IT service management (ITSM) models. Furthermore, the hybrid cloud market is likely to benefit from increased adoption among small and medium businesses as well as the rise of hybrid IT services.

Organizations are now facing the third wave of digital disruption, which is being fueled by underlying causes such as long-term declining computing, storage, and communications costs. For industries all across the globe, surviving amid the digital transformation is a compelling new reality. Factors such as the growing need for connectivity, the increased reliance on mobile communications, convergent data, and others have accelerated the rate at which disruptions occur. For instance, firms throughout the globe have stated their aim to use digital disruptions for survival and as a business opportunity to keep up with industry competition that is boosting the market growth.

Global Hybrid Cloud Market by Segments

By Component

• Solution
• Services

By Service Model

• Infrastructure-as-a-Service
• Platform-as-a-Service
• Software-as-a-Service

By Vertical

• BFSI
• IT and Telecommunications
• Healthcare
• Retail
• Media and entertainment
• Others

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Hybrid Cloud Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Google Inc.
• Oracle Corp.
• Cisco Systems Inc.
• IBM Corp.
• Microsoft Corp.

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