Latest
industry research report on: Global Hybrid Cloud Market | Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Global Hybrid Cloud Market:
Overview
Hybrid cloud refers to a
computing platform that incorporates both private and public cloud
networks. Companies implement hybrid cloud as a way to increase the
efficiency of business processes by bringing together the speed and
reliability of private cloud and the economic and more scalable
nature of public cloud as compared to the other. The combination of
two varieties of cloud networks allow companies to exploit the
benefits of both. Thus hybrid cloud has emerged as a more feasible
solution for companies struggling to bring down the high costs
involved in operating solely with the help of private cloud.
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Global
Hybrid Cloud Market: Trends and Opportunities
Some
of the key factors driving the market for hybrid cloud include the
increased awareness regarding the high efficiency achieved in
business processes through hybrid cloud, the rising volumes of
business data, and increased implementation of Internet of Things
across industries. The rising popularity of big data management tools
across organizations is also leading to the increased incorporation
of hybrid cloud; the value additions in business operations achieved
through big data techniques can be enhanced through the use of
flexible and compatible cloud networks, which allow the smooth
assimilation of data into the operational databases of companies.
Regardless
of the vast benefits of hybrid cloud, the market faces restraints
such as the high costs of installation as compared to the
installation of a single cloud network as the former requires the
deployment of two distinct cloud networks. Moreover, the relatively
newer field of hybrid cloud could also mean that new kinds of data
security issues might arise. Although ongoing technological
developments will likely make the field more secure and
cost-effective in the near future, the lack of the same presently
hinders the overall growth prospects of the market to a certain
extent.
Global
Hybrid Cloud Market: Segmentation
The
global market for hybrid cloud can be analyzed on the basis of
criteria such as application, end-use sector, size of organization,
service model, and geography. Key applications of hybrid cloud are
found in areas such as data security, data hosting, orchestration,
and disaster recovery. By end use, BFSI, IT and telecommunication,
government, retail, healthcare, manufacturing, logistics are among
the leading end-use segments of the market. On the basis of size of
organization, the hybrid cloud market can be segmented into large-,
medium, and small-sized organization. Based on service model, the
market can segmented into infrastructure as a service (IaaS),
platform as a service (PaaS), and software as a service (SaaS).
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Global Hybrid Cloud Market:
Geographical and Competitive Dynamics
From a regional perspective,
the global hybrid cloud market is dominated by North America. Key
factors attributable to the strong presence of the hybrid cloud
market in the region include the presence of some of the world’s
leading technology companies, which has made hybrid cloud networks
more easily accessible than other regions, and the rising demand for
industrial and business automation in the region. However, the Asia
Pacific market is expected to exhibit growth at a significant pace
owing to the rapid adoption of digitization across the industrial and
business sectors. The rapid growth of the Asia Pacific market will
make it a key contender in the global market in the next few years.
Key companies operating in the
global hybrid cloud market include EMC Corporation, Amazon Web
Services Inc., Hewlett Packard Enterprise Development LP, VMware
Inc., IBM Corporation, Microsoft Corporation, Rackspace Inc., Cisco
Systems Inc., Oracle Corporation, and Dell Inc.
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