The Hybrid Cloud Market Reach USD 414.1 Billion by 2032 Growing with 17.2% CAGR

Allied Market Research published a new report, titled, " The Hybrid Cloud Market Reach USD 414.1 Billion by 2032 Growing with 17.2% CAGR ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Rising need of flexibility and scalability, increasing demand of data security and compliance and rise in technological advancement are the factors expected to propel the growth of the global hybrid cloud market. However, increasing Complexity of Integration is anticipated to hamper the growth of global market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 218 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/256

The global hybrid cloud market was valued at $96.7 billion in 2023, and is projected to reach $414.1 billion by 2032, growing at a CAGR of 17.2% from 2024 to 2032.

The hybrid cloud market is segmented into component, enterprise size, service model, industry vertical and region. On the basis of component, the market is divided into solution and services. On the basis of enterprise size, the market is divided into large enterprise and small and medium-sized enterprise. On the service model, the market is divided into software as a service (SaaS) , infrastructure as a service (IaaS) , and platform as a service (PaaS) . On the basis of industry vertical, the market is divided into IT & telecom, healthcare, BFSI, retail, government, media & entertainment, transportation & logistics, manufacturing and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/256

By component, the solution segment accounted for the largest share in 2023, of hybrid cloud owing to organizations are increasingly investing in comprehensive hybrid cloud solutions that offer integrated platforms, tools, and technologies to manage their hybrid cloud environments effectively. These solutions provide businesses with the necessary infrastructure, security features, and management capabilities to seamlessly integrate public and private cloud resources, optimize performance, and ensure data protection, which is further expected to propel the overall market growth.

By service model, the IaaS segment accounted for the largest share in 2023, of the hybrid cloud market revenue, owing to access scalable and flexible infrastructure resources on a pay-as-you-go basis. With IaaS, organizations can leverage virtualized computing resources, storage, and networking services to build and manage their hybrid cloud environments without the need to invest in and maintain physical hardware, which is further expected to propel the overall market growth.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/256

By region, the North America segment held the highest market share in terms of revenue in 2022, owing to the strong presence of established cloud service providers, advanced technological infrastructure, and a high level of cloud adoption among businesses in the region. Companies in North America have been early adopters of hybrid cloud solutions, leveraging the flexibility and scalability they offer to optimize their operations and drive innovation, anticipated to propel the growth of the market in this region.

The market players operating in the market include Abacus Data Systems, Thomson Reuters Elite, LexisNexis, Smokeball, Clio, Rocket Matter, DPS Software, BHL Software Pty., Ltd., and CloudLex, Intuit, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the hybrid cloud market globally.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐔𝐩𝐭𝐨 𝟓𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (218 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/hybrid-cloud-market/purchase-options

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
● On April 2023, Google Cloud announced expanding their global partnership to assist businesses in better protecting critical assets and strengthening security against persistent cyber threats. Jointly, they are providing the technology and security expertise to the organization's trusted infrastructure required to build robust security programs and maintain confidence in their readiness.

● On March 2023, Mastercard acquired cloud-based cybersecurity company Baffin Bay Networks to assist businesses in dealing with the increasingly challenging nature of cyberattacks. Baffin Bay Networks, based in Sweden, adds to Mastercard's multi-layered approach to cybersecurity and assists in stopping attacks while mitigating exposure to risk across the ecosystem. The acquisition further strengthens Mastercard's broader service offerings and value beyond the payment transaction.

● On April 2023, IBM launched a security suite focused on unifying and accelerating the security analyst experience throughout the incident lifecycle. The IBM Security QRadar Suite represents a sustainable development and extension of the QRadar brand, encompassing all key threat detection, investigation, and response capabilities, with considerable investment in portfolio innovation. The IBM QRadar Suite operates on an open basis and has been designed specifically for hybrid cloud workloads.

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