Global Hybrid Cloud Market Overview:
Capacity planning and estimating the storage requirement for all the information technology solutions throughout the organization is a critical process. Thus, the hybrid cloud based solution is the best option to eliminate data transfer fluctuations as the hybrid cloud is able to deal with on demand scalability. The Hybrid clouds are referred to the combination of two or more public, private or hybrid clouds. The combined clouds possess their own properties, but they are integrated to provide ideal solutions for the organizations. These clouds provide number of benefits such as, scalability, flexibility, and security and cost efficiency. Owing to these properties, there will a significant demand for the hybrid clouds in the upcoming years. According to AMA, the Global Hybrid Cloud market is expected to see growth rate of 19.21% and may see market size of USD99.53 Billion by 2024.
- Increasing Need for Responsive, Accessible, and Cost Saving Cloud Applications
- Rising Digitalization and Increasing Applications of Hybrid Clouds
- Growing Demand for Identically Structured Cloud Services and Existing Systems
- Increasing Investments in Highly Automotive New Digital Transformation Initiatives
- Lack of Bandwidth Providers are Unable to cope up with the Rising Demand
- Complexities in Data Security and Protection for Hybrid Clouds
- Growing Need for Excessive Cloud Storages with Maximum Computational Power
- Increasing Availability of Internet Connectivity across the Globe
- Growing Latency in the Cloud-Based Networks
- Stringent Government Regulations Regarding Internet Security and Cloud-Based Operations
Some of the key players profiled in the report are Microsoft Corporation (United States), Amazon Web Services, Inc. (AWS) (United States), Dell Technologies (United States), Rackspace (United States), Hewlett Packard Enterprise (United States), International Business Machines Corporation (IBM) (United States), Alphabet Inc. (Google) (United States), Oracle Corporation (United States), Equinix Inc. (United States) and Cisco Systems Inc. (United States). The Players having a strong hold in the market are Microsoft Corporation, Amazon Web Services, Inc. (AWS), Dell Technologies, Rackspace, Hewlett Packard Enterprise. Additionally, following companies can also be profiled that are part of our coverage like CenturyLink (United States), DXC Technology (United States) and Alibaba Group (China). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Hybrid Cloud market by 2024. Considering Market by Industry, the sub-segment i.e. IT & Telecom will boost the Hybrid Cloud market. Considering Market by Organization Size, the sub-segment i.e. SMEs will boost the Hybrid Cloud market. Considering Market by Service, the sub-segment i.e. Software as a Service (SaaS) will boost the Hybrid Cloud market. Considering Market by Component, the sub-segment i.e. Solution will boost the Hybrid Cloud market.
On January 14th, 2019, a global information technology infrastructure services as well as cloud infrastructure provider ‘Amazon Web Services Inc. (AWS)’ has acquired TSO Logic which provides analytics-driven insights to drive smarter migrations. In addition to this, the company has acquired ‘Sqrrl’ which provides a big data analytic tool for detecting, investigating, and visualizing advanced cybersecurity threats.
On December 20th, 2018, Microsoft Corporation has launched the Intelligent Cloud Hub Program to build an AI-ready workforce. The company will set up an IOT Hub as well as core artificial intelligence infrastructure for all campuses under this program. It will also offer a wide range of AI developmental tools and Azure AI Services such as Microsoft Cognitive Services, Azure Machine Learning, and Bot Service.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hybrid Cloud market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hybrid Cloud market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hybrid Cloud Developers, Cloud Based Service Providers, Cloud Security Providers, BFSI Organizations, Cloud Bases Regulatory Associations, Government Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.