Hybrid Cloud Market Analysis, Size, Share, Overview, Growth Analysis, Emerging Technologies and Trends by Forecast to 2025 | Corona-Virus Impact
The computing environment that comprises private and public cloud is called hybrid cloud. Hybrid cloud allows easy of sharing data and applications between them. The hybrid cloud works on infrastructure and application level. In case of the infrastructure layer, the formation of hybrid cloud is in the combination of different cloud services and virtual machines. In case of application layers, the hybrid cloud components are used in different SaaS offerings. Hybrid cloud solution can benefit businesses to scale the existing on-premises infrastructure. This can aid to handle excess data. In case of non-sensitive computing tasks, enterprises can gain the public cloud agility due to growing need for the safety of crucial data and applications. The increased need for avoiding vendor lock-in, plus the rise in the demand for scalable, agile, and cost-efficient computing solutions are other drivers of the world hybrid cloud solutions.
Market Research Future (MRFR), in its latest the global hybrid cloud market report reveals that the world hybrid cloud market 2020 is expected to rise at by 2025. MRFR reveals that the hybrid cloud market value was USD 44.87 Bn in 2018 and it is expected to touch USD 173.33 Bn by 2025.
MRFR listed some important players in the world hybrid cloud market. They are ; NTT Communications Corporation (Japan), Equinix, Inc. (US), Hewlett Packard Enterprise Development LP (US), Rackspace (US), VMware Inc. (US), Amazon.com Inc. (US), Google LLC (US), IBM Corporation (US), Cisco Systems, Inc. (US), Oracle Corporation (US), and Microsoft Corporation (US).
North America hybrid cloud market growth is expected to surge at a high pace due to the increase in need for businesses that can offer flexible work solutions to their employees, in addition to an overall improved internet connectivity. Plus, the presence of reputed companies, such as Cisco Systems Inc., Microsoft Corporation, and IBM Corporation can drive the regional hybrid cloud market. The hybrid cloud market in North America can value at USD 14.02 Bn at 23.81% CAGR by 2025.
The hybrid cloud market in Europe can surge at 24.13% CAGR across the review period. The rise in need for cost-efficient, agile, and scalable solutions can prompt the expansion of the market. In Europe, the presence of the IT and telecom industry can boost the rise of the market in the years to come.
The Asia Pacific, the hybrid cloud market can acquire 25.64% of the world market. As per MRFR analysis in 2018 in the hybrid cloud market. Asia Pacific hybrid cloud market can rise at 29.11% CAGR across 2019 to 2025. It is due to the presence of different cloud computing marketers, such as China Telecom Americas, NTT Communications (Arkadin), and Chief Telecom Inc. The hybrid cloud market in the rest of the world can rise at 20.22% CAGR during the study period. The expansion of the cloud infrastructure can prompt the market growth.
The segment study of the world global hybrid cloud market is based on organization size, component, service model, service type, and vertical. The hardware based segment of the hybrid cloud market are solutions and services. The organization size of the hybrid cloud market segments are SMEs and large enterprises. The service type based segments of the market are cloud management & orchestration, hybrid hosting, and disaster recovery services. The service model based segments of the hybrid cloud market are platform as a service, infrastructure as a service, and software as a service. The vertical based segment of the hybrid cloud market are retail, BFSI, IT & Telecom, healthcare, transportation, media & entertainment, manufacturing, and others.
Also Read: http://www.marketwatch.com/story/hybrid-cloud-market-projected-to-garner-usd-17333-billion-by-2025-hybrid-cloud-market-growth-forecast-competitive-landscape-opportunities-and-impact-of-covid-19-2021-01-04