Press release
Global Hybrid Cloud Market to Grow from USD 61.41 Billion in 2023 to USD 149.11 Billion by 2030 at 13.51% CAGR - Hybrid Cloud Market Forecast
Hybrid Cloud Market
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Key Highlights
Market Size & CAGR: USD 61.41 billion in 2023; forecasted to reach USD 149.11 billion by 2030; CAGR of 13.51%.
Dominant Component Segment: Services segment expected to grow strongly as organisations adopt consultancy, implementation and managed hybrid cloud services.
Service Model Growth: SaaS delivery model to show strong growth in hybrid cloud context, given flexible access and remote work demands.
Leading Industry Verticals: BFSI (Banking, Financial Services & Insurance) segment is a major adopter due to regulatory, security and agility needs.
Regional Insights: Asia-Pacific expected to dominate with over 60% share, driven by China, India and broader digitalisation initiatives.
Key Drivers: Need for flexible, scalable and cost-effective computing; cloud-based digital transformation; integration of legacy and cloud environments.
Restraints/Challenges: Data protection and privacy concerns; governance & complexity of hybrid cloud environments; lack of understanding of security benefits.
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Market Outlook
Component & Service Model Segmentation
The hybrid cloud market is segmented by component into solutions and services. The services segment is gaining significant traction as enterprises require implementation, integration, migration and managed services for hybrid cloud environments. Meanwhile, within service models, SaaS is forecasted to lead growth due to its ease of deployment, flexible pricing and remote access advantages. The IaaS and PaaS models also play important roles in enabling hybrid cloud infrastructure and platforms.
Industry Vertical & Deployment Insights
Industry sectors such as BFSI, IT & Telecom, Government, Manufacturing, Retail, Transportation & Logistics are embracing hybrid cloud for achieving agility, regulatory compliance, data residency and cost efficiency. The hybrid model enables organisations to maintain critical workloads on-premises or in private cloud, while leveraging public cloud for scalability and innovation. Security, integration and management of multi-cloud/hybrid architectures remain key focus areas.
Regional Insights
Asia-Pacific: Set to dominate the global hybrid cloud market with more than 60% share by 2030. China's public cloud expansion, government digitalization programs, and enterprise cloud adoption are major factors.
North America: Holds significant current share due to mature cloud infrastructure, early adopter enterprises, advanced tech ecosystems, and strong vendor presence.
Europe, Middle East & Africa, Latin America: These regions show growth potential, although regulatory, infrastructure and adoption maturity vary. Data-protection regulations, localisation requirements and hybrid solutions combining local private cloud and public cloud are important.
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Quote
"Hybrid cloud has evolved from optional strategy to foundational infrastructure for enterprises," said a senior analyst at Maximize Market Research. "With a projected CAGR of 13.51% through 2030, organisations that can successfully integrate legacy systems with cloud services, manage security and governance, and deliver scalable operations will position themselves ahead of the curve."
◉ About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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