Global Hybrid Cloud Market Research Report Segmented By Component, Service Type, Service Model, Organization Size, Vertical, and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Updated On: January, 2024

ID: 8532

Pages: 170

Hybrid Cloud Market Size (2023 - 2028)

Global Hybrid Cloud Market size is expected to grow from USD 44.58 billion in 2022 to USD 159.22 billion by 2028, at a CAGR of 21.0% during the forecast period. North America has dominated the global market in terms of market share and revenue.

Market Drivers & Restraints

Key drivers of growth in the hybrid cloud market include the focus on agile and scalable IT processes, the many benefits of the hybrid cloud and increasing volumes of business data. The emergence of hybrid IT services, coupled with increased emphasis on analytics, is expected to open new growth opportunities for this market in the foreseeable future. However, concerns related to the integration & operational aspects of the hybrid cloud, lack of technical expertise, and the security issues remain the main challenges affecting market growth globally.

HYBRID CLOUD MARKET REPORT COVERAGE:

REPORT METRIC	DETAILS
Market Size Available	2022 – 2028
Base Year	2022
Forecast Period	2023 - 2028
CAGR	21.0%
Segments Covered	By Component, Service Type, Service Mode, Organization Type, Vertical, and Region.
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regions Covered	North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled	IBM (US), Microsoft (US), Cisco Systems (US), AWS (US), Oracle (US), Google (US), VMware (US), Alibaba (China), Equinix (US), Rackspace (US), NetApp (US), Atos (US), Fujitsu (Japan), CenturyLink (Louisiana), HPE (US), DXC (US), RightScale (US), Micro Focus (US), NTT Communications (Japan), Dell EMC (US), Citrix (US), Pure Storage (US), Unitas Global (US), and Quest Software (US) and Others.

Market Segmentation

Hybrid Cloud Market - By Component:

Solution
Services

Hybrid Cloud Market - By Service Type:

Disaster recovery
Hybrid hosting
Cloud management & orchestration

Hybrid Cloud Market - By Service Model:

Infrastructure
Platform
Software

Hybrid Cloud Market - By Organisation Type:

Large
Medium
Small-scale

Hybrid Cloud Market - By Vertical:

Banking
Telecommunications
Healthcare
Media management etc.

Hybrid Cloud Market - By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Market Key Players

IBM (US)
Microsoft (US)
Cisco Systems (US)
AWS (US)
Oracle (US)
Google (US)
VMware (US)
Alibaba (China)
Equinix (US)
Rackspace (US)
NetApp (US)
Atos (US)
Fujitsu (Japan)
CenturyLink (Louisiana)
HPE (US)
DXC (US)
RightScale (US)
Micro Focus (US)
NTT Communications (Japan)
Dell EMC (US)
Citrix (US)
Pure Storage (US)
Unitas Global (US)
Quest Software (US)

Recent Industry Developments

The hybrid cloud is becoming a leading cloud solution because it offers a variety of benefits, such as cost, efficiency, agility, mobility, and elasticity. While North America region is the largest market for hybrid cloud, it is the Asia Pacific, which is growing at a faster pace.

In June 2018, Microsoft acquired a leading provider of software development platforms namely GitHub which would enable developers to gain more at every stage of the development lifecycle, accelerate business use of GitHub, and bring Microsoft's development tools and services to new audiences.
In May 2017, IBM managed to acquire cloud and managed to host business services of Verizon. And it is said that this acquisition would augment IBM's cloud business services. Microsoft has finally, after more than two years of commercialization, launched Azure Stack, a private cloud IaaS platform designed to mirror the Azure public cloud. By this move, the very first deployments of Azure Stack are already put on the market. Meanwhile, Amazon Web Services has partnered with Silicon Valley's virtualization giant to deliver a VMware hybrid cloud offering on AWS. Google Cloud Platform is in partnership with VMware and Nutanix for the same reason.
In November 2016, AWS launched two new hybrid services, namely AWS Greengrass and AWS Snowball Edge to help its customers extend the AWS Cloud to their connected devices