What is Hybrid Cloud Services Market?
Hybrid cloud services are integrated cloud services that are operated for public and private cloud platforms in order to execute individual processes within the same business structure. Hybrid cloud is a cloud computing process that is a combination of private cloud, local, public, and public third-party cloud services with implementation between the two platforms. The hybrid cloud is mainly useful for highly or dynamically changeable workloads. Security, cost efficiency, flexibility, and scalability are the main characteristics of hybrid cloud services. The adoption rate of cloud computing technology has steadily improved in recent years and offers promising opportunities for a revolution in companies. With the help of the hybrid cloud; Workload, applications, and virtual machines work in different IT environments, e.g. B. in private clouds, which are located in the data centers of the service providers or in company centers, as well as in public clouds. The hybrid cloud integrates computers, security, storage, applications, and networks into a single enterprise platform. However, some companies are not yet sure how cloud computing can improve or replace their IT atmosphere in whole or in part. The use of hybrid cloud services offers the company many advantages. Companies used to invest heavily in a large storage array. Cloud technology has improved efficiency and the possibilities for expansion and flexibility.
Highlights from Hybrid Cloud Services Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Amazon Web Services (United States), Microsoft Corporation (United States), Rackspace (United States), Hewlett-Packard (United States), VMware (United States), Google Inc. (United States), Fujitsu (Japan), Cisco Systems (United States), IBM Corporation (United States), Oracle Corporation (United States), Citrix Systems (United States), TeraGo Networks Inc. (Canada), Dell Inc. (United States), VMTurbo, Inc. (United States), Verizon Terremark (United States) and Interoute Communications Limited (United Kingdom)|
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hybrid Cloud Services market throughout the forecasted period. Amazon Web Services (United States), Microsoft Corporation (United States), Rackspace (United States), Hewlett-Packard (United States), VMware (United States), Google Inc. (United States), Fujitsu (Japan), Cisco Systems (United States), IBM Corporation (United States), Oracle Corporation (United States), Citrix Systems (United States), TeraGo Networks Inc. (Canada), Dell Inc. (United States), VMTurbo, Inc. (United States), Verizon Terremark (United States) and Interoute Communications Limited (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hornbill Services (United Kingdom) and CA Technologies (United States).
Hybrid Cloud Services Market Segmentation:
|Application / End User||SMEs and Large Enterprises|
|Type||Cloud Integration, Consulting, Cloud Management, Cloud Security and Networking|
|Industry Vertical||Government and Public Sector,Healthcare and Life Sciences,Banking Financial Services and Insurance (BFSI),Consumer Goods and Retail,Telecommunication and Information Technology,Media and Entertainment,Others|
|Features||Compliance and Security,Disaster Recovery,Cloud Management,Orchestration,Hybrid Hosting|
|Service Type||PaaS (Platform as a Service),IaaS (Infrastructure as a Service),SaaS (Software as a Service)|
On the basis of geography, the market of Hybrid Cloud Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Hybrid Cloud Services Market Dynamics:
- Growing Demand for Agile, Scalable, and Cost-Efficient Computing
- Shifting Preference towards Hybrid Cloud
- The Growing Presence of a Dynamic Business Environment
- Adoption Rate of Cloud Computing Technology
- The Rising Concept of Bridging the Gap between IT and Businesses by Improving Agility and Efficiency
- The Adoption of the Hybrid Cloud among Enterprises Has Become a Central Part of the Business Process
- Increased Adoption of Hybrid Cloud in the BFSI Sector
- The Lack of Clarity about the Governance of Cloud Computing
- Lack of Awareness about Privacy and Data Protection
|Road Blocks / Challenges|
|Gaps & Opportunities|
- Growth in Need for Connectivity, Increase in Reliance on Mobile Communications, Convergent Data, and Others Have Accelerated the Velocity of Disruptions
- Rising Need to Achieve Better Productivity and Efficiency through Centralized Cloud Governance
- Increasing Adoption of Multiple Cloud Services for Cost Savings
Key Target Audience
Providers of Hybrid Cloud Services, End-Users, Potential Investors, Market Research Firms and Others
Market Leaders & Development Strategies
Google expanded the number of Google Cloud Platform regions in Asia-Pacific, from three to six, in 2018.
On 19th April, 2021 - Google Cloud and Siemens, an innovation and technology leader in industrial automation and software, has announced a new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future.