Global Hybrid Cloud Market to Develop at a CAGR of 22.70% and reach USD 138.61 billion in 2022

Summary

Global Hybrid Cloud Market By Type (Software, Hardware, Services), Models (Iaas, PaaS, SaaS), Industry, Geography, Trends, Forecast (2017-2022)

Description

The hybrid cloud market is projected to reach USD 138.61 billion in 2022 from the current value of USD 40.62 billion at a CAGR of 22.70% during the forecast period 2017-2022, which is a lot faster than the overall IT market. With the rise in various concerns such as cost efficiency, security, direct accessibility to information, disaster recovery, scalability and flexibility, many of the organizations are looking for a cloud based service which addresses their concerns. Hybrid Cloud services have proven to be the major contributors in satisfying the companies with such needs. Hybrid cloud, an integrated computing service is a conjuncture of both private and public models, enabling the utilization of the benefits from both the services, giving flexibility to the company to switch between a public cloud and a private cloud by adopting various software tools.

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The public cloud was observed to be growing at a surprisingly faster rate than the hybrid cloud thus tipping many companies to hedge the immediate future. The private and hybrid cloud infrastructure service market grew by 45% in 2015. Although the spending on infrastructure and software is still higher compared to the spending on cloud services, but the gap is narrowing at an alarming rate. Even the lowest performing cloud sectors grew by 16% in the previous year. Although private and public cloud models have shown a significant growth, organizations are opting for hybrid models which are valuable for dynamic environments. A competitive edge can be achieved by the companies opting for hybrid cloud services by showing a significant boom in productivity and efficiency of the web services during peak and abyss times.

The growth of the global hybrid cloud market is driven by its i) ability to use either or both of the private and public cloud as and when required, ii) improved organizational productivity, iii) non-requirement of constant internet connectivity a huge factor for the inclusion of small organizations, iv) expanding professional and managed services, v) industry customization, vi) increasing popularity in the market integration among businesses of all sizes; vii) enhanced security governance and compliance, and geographical expansion. The major challenges for the hybrid cloud market are privacy, security and data compliance issues restraining the organizations to give a due consideration before deploying a hybrid cloud.

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The hybrid cloud market can be segmented into hardware, software, services, delivery models, verticals, end-users, applications, solutions, and geography.

Some of the key players mentioned in this report are:

Amazon Web Services (AWS)
at&t
Atlantic.Net
Bluelock
CA Technologies
Cisco
Citrix Systems
Cloud Scaling
Cloudcontrol
Cumulogic
Datadirect Networks
Dell
EMC
Google
HP Enterprise (HPE)
IBM
Microsoft
RackSpace
RightScale
Salesforce
Savvis
Terremark
VM Ware

Key Deliverables in the Study

Market definition for global hybrid cloud market along with identification of key drivers and restraints for the market.
Market analysis for the global hybrid cloud market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the global hybrid cloud market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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