What is Hybrid Cloud Management Platform?
The global Hybrid Cloud Management Platform market is expected to witness high demand in the forecasted market period due to COVID 19 impact. A hybrid cloud is an integrated cloud service, which utilizes both, private and public clouds to perform distinct functions within the same organization. Digital transformation using artificial intelligence and hybrid cloud has accelerated amid the COVID-19 pandemic and these new technologies can play an important role in helping companies gain competitive advantage. The importance of hybrid cloud has increased on account of the versatility and dynamic nature of work. It offers numerous benefits such as cost efficiency and scalability, flexibility, and security. Owing to these benefits, organizations are shifting toward hybrid cloud to achieve security of data, application, and large storage spaces to reduce their capital expenditure by deploying a combination of the private and public cloud model.
The market study is broken down by Type (Internal Brokerage Enablement and External Brokerage Enablement), by Application (Metering and Billing, Provisioning, Compliance Management, Infrastructure and Resource Management, Identity and Policy Management, Lifecycle Management and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Hybrid Cloud Management Platform market throughout the predicted period.
Microsoft (United States), IBM (United States), Dell (United States), Jamcracker (United States), Citrix (United States), HPE (United States), Oracle (United States), BMC Software (United States), CloudBolt Software, Inc. (United States) and SCALR (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Embotics Corporation (United States) and RackWare (United States).
AdvanceMarketAnalytics has segmented the market of Global Hybrid Cloud Management Platform market by Type, Application and Region.
On the basis of geography, the market of Hybrid Cloud Management Platform 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Organization Size, the sub-segment i.e. Large enterprises will boost the Hybrid Cloud Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Hybrid Cloud Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Cloud Automation will boost the Hybrid Cloud Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
1st August 2019, IBM has announced that it has transformed its software portfolio to be cloud-native and optimized it to run on Red Hat OpenShift. Enterprises can now build mission-critical applications once and run them on all leading public clouds, including AWS, Microsoft Azure, Google Cloud Platform, Alibaba and IBM Cloud and on private clouds.
7th May 2019, Red Hat, Inc., the world’s leading provider of open source solutions, and Microsoft Corp. today announced the general availability of Azure Red Hat OpenShift, which brings a jointly-managed enterprise-grade Kubernetes solution to Microsoft’s a leading public cloud, Microsoft Azure.
- Need for High Level of Governance and Policy
- Growth in Digital Services and Their Applications
- Increased Agility and Automation
- Rising Need for Interoperability Standards Between Cloud Services and Existing Systems
- Significant Growth in Hybrid Cloud Adoption
- High Adoption Rate in SMEs
- Application Portability on Various Cloud Environments
- Compliance With Stringent Regulations
- Complexities in Redesigning the Network for Cloud
- Lack of Expertise and Management Overheads
Key Target AudienceHybrid Cloud Management Platform Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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