The global hybrid cloud market size reached USD 71.23 Billion in 2021 and is expected to register a revenue CAGR of 18.4% during the forecast period, according to the latest analysis by Emergen Research. Rapid digitization by enterprises across the globe is a key factor driving market revenue growth.
Hybrid cloud hosting is a method of leveraging cloud computing by partnering with a managed cloud hosting provider. It provides businesses with flexible cloud solutions without putting strains and expanses of architecting a complex cloud environment solely on the internal IT team. One major factor behind the growth of hybrid cloud hosting is cost control, where hybrid cloud consolidates costs, reduces capital expenses, and reduces server maintenance, particularly when one deploys it through a hosting service. Flexibility and scalability also allow businesses to change to their needs. Compatibility issues are solved by hybrid cloud hosting. All these factors are driving revenue growth of the market. In June 2022, U.S. based cloud computing company VMware introduced VMware vSphere+ and VMware vSAN+ to assist businesses in integrating the advantages of the cloud into their current on-premises infrastructure without affecting their workloads or hosts. These new services, which were unveiled at VMworld 2021 as a technological preview known as Project Arctic, would assist clients in improving their infrastructure by offering centralized cloud-based infrastructure management, integrated Kubernetes, access to new hybrid cloud services, and a flexible subscription model.
In addition, the recent trend of digitization across the globe is a key factor contributing to market revenue growth. Rapid digitization among enterprises helping the hybrid cloud market to grow at a faster rate. Rising demand for agile and scalable computing systems is one of the major factors of market revenue growth. With the pandemic, most enterprises are now shifting into digitized work environments thereby increasing the demand for hybrid cloud systems. Small and Medium-Sized Enterprises (SMEs) are also sifting to digitalization. Many organizations have adopted digital efforts during the past few months of imprisonment and have discovered that they are far more effective than earlier solutions. In order to adopt the digital culture, many small and medium-sized businesses create digitization strategies that include communication tools. For education and internalization of ideas like remote technology, security applications, big data services, digital jobs, and other measures, many SMEs utilize resources from major corporations, which creates a high demand for the hybrid cloud market.
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The market intelligence report is a prototype of the 360° overview of the global Hybrid Cloud industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Hybrid Cloud market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
The major companies Covered in the report are:
Alibaba Group Holding Limited, Amazon Inc., CenturyLink Inc., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Company, Fujitsu Limited, Alphabet Inc. (Google), Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, VMWare Inc., and Rackspace Inc.
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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Hybrid Cloud business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
Emergen Research has segmented the Hybrid Cloud market based on type, application, and region:
- Component Outlook (Revenue, USD Billion; 2019-2030)
- Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Cloud Management And Orchestration
- Disaster Recovery
- Hybrid Hosting
- Service Model Outlook (Revenue, USD Billion; 2019-2030)
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
- Organization Size Outlook (Revenue, USD Billion; 2019–2030)
- Small & Medium Enterprise (SMEs)
- Large Enterprise
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Government and Public sector
- Banking, Finance, Services and Insurance (BFSI)
- Information and Communication Technology
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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Key Parameters Analyzed in This Section:
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- Gross Revenue
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Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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