Global Hybrid Cloud Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global hybrid cloud market in its upcoming report titled, “Global Hybrid Cloud Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global hybrid cloud market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global hybrid cloud market report has been segmented on the basis of component, service model, organization size, industry vertical, and region.

Request Covid - 19 Impact

Hybrid cloud is a combine cloud of both public cloud and private cloud. The hybrid cloud combines the benefits of both private cloud and public cloud system. It delivers the private cloud’s high-security features together with fast connection and easy-to-access features of public cloud. Moreover, these solution offers various benefits, such as high security, agility, reduced Total Cost of Ownership (TCO), flexibility, and improved economies of scale.

Rapid digitalization is resulting in increasing internet penetration in developing countries and risisng adoption from commercial sector for cost-effective cloud services with high security and easy-to-access features are major factors driving growth of the global hybrid cloud market. In addition, increasing demand from various industry verticals such as telecommunication, retail, and government and public sector is another factor expected to support growth of the target market. Furthermore, increasing adoption of these cloud services from hospitals and clinics in order to deliver quality and affordable services to the patients is another factor expected to further boost the growth of the global market.

However, lack of awareness and technical expertise are major factors expected to hamper growth of the global market to certain extent.

Increasing investment by major players operating in the sector is expected to create new opportunities in terms of revenue for players operating in the potential market over the forecast period.

The market in North America is expected to dominate the global hybrid cloud market in terms of revenue and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demand from healthcare sector and presence of prominent service providers in various economies in this region. The market in Europe is expected to contribute significant revenue share in the global market. The market in Asia Pacific is expected to register faster growth, owing to growing internet penetration and increasing demand from banking and financial service providers. In addition, major players shifting their manufacturing units in developing countries due to low cost labor, coupled with increasing adoption of these cloud systems for data security is expected to further support revenue growth of the target market. Over the forecast period The markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period.

Global Hybrid Cloud Market Segmentation:

By Component:

• Solution
• Services

By Service Model:

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

By Organization Size:

• Large enterprises
• Small and medium-sized enterprises

By Industry Vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Telecommunications and Information Technology (IT)
• Healthcare and life sciences
• Retail and consumer goods
• Media and entertainment
• Manufacturing
• Government and public sector
• Transportation and logistics
• Others (travel and hospitality, and education)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa