Hybrid Cloud Market

Global Hybrid Cloud Market Size

The global hybrid cloud market size was valued at USD 65.27 billion in 2024 and is expected to grow from USD 78.98 billion in 2025 to USD 362.90 billion by 2033, at a CAGR of 21.0% during the forecast period. North America has dominated the global market regarding market share and revenue.

MARKET DRIVERS

Key growth drivers 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.

MARKET RESTRAINTS

Concerns related to the integration and operational aspects of the hybrid cloud, a lack of technical expertise, and security issues remain the main challenges affecting market growth globally.

REPORT COVERAGE

SEGMENTAL ANALYSIS

KEY MARKET 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), and Quest Software (US) and Others.

RECENT MARKET 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 the North American 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 GitHub, a leading provider of software development platforms. This Acquisition 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 the cloud and managed to host the business services of Verizon. 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. With 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.

MARKET SEGMENTATION

This research report on the global hybrid cloud market has been segmented and sub-segmented based on the component, service type, service model, organisation type, vertical, and region.

By Component

• Solution
• Services

By Service Type

• Disaster recovery
• Hybrid hosting
• Cloud management & orchestration

By Service Model

• Infrastructure
• Platform
• Software

By Organisation Type

• Large
• Medium
• Small-scale

By Vertical

• Banking
• Telecommunications
• Healthcare
• Media management, etc.

By Region

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