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.
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
Market Key Players
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.
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