Global Hybrid IT Management Market Overview:
Hybrid IT management is a broad term that refers to a variety of solutions and services that help ensure the smooth operation of an enterprise's cloud-based business processes. Multi-cloud migration management, enhancing IT service efficiency, backup & recovery, and operations management, to mention a few hybrid IT management solutions and services now being offered by industry players. The increasing use of technologically driven solutions, platforms, and business tools has increased the demand for reliable and efficient hybrid IT management solutions and services. Factors such as the increasing use of multiple state-of-the-art technology-driven platforms and tools for business processes, as well as changing business requirements, have fueled demand for solid IT management solutions and services. As a result, propelling the hybrid IT management market forward in the approaching years. Furthermore, the rapid adoption of a new internet of things-based solutions and services across a wide range of end-users is expected to fuel market expansion across a variety of industry verticals. As a result, the market for hybrid IT management services is likely to give significant attractive business growth prospects.
- Growing Demand for Agile, Scalable and Cost-Effective Computing
- Rising Need for Interoperability Standards Between Cloud Services and Existing Systems
- Data Privacy and Security Issues
- Lack of Technical Expertise
- Growing Demand for More Computational Power
- Technology Advancements
- Compliance issues, Migration Complexity
- Workload Complexities in Hybird Cloud Environment
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are IBM (United States), Microsoft (United States), Micro Focus (United Kingdom), Cisco Systems (United States), AWS (United States), Oracle (United States), Google (United States), VMware (United States), Equinix (United States), Rackspace (United States), NetApp (United States), Atos (United States) and Fujitsu (Japan). Additionally, following companies can also be profiled that are part of our coverage like Citrix (United States), Pure Storage (United States), Unitas Global (United States) and Quest Software (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Hybrid IT Management market by 2026. Considering Market by End-User Industry, the sub-segment i.e. BFSI will boost the Hybrid IT Management market. Considering Market by Organization Size, the sub-segment i.e. SMEs will boost the Hybrid IT Management market. Considering Market by Service Model, the sub-segment i.e. Software as a service (SaaS) will boost the Hybrid IT Management market.
In April 2021 – IBM announced innovations across its storage portfolio designed to improve the access to, and management of, data across increasingly complex hybrid cloud environments for greater data availability and resilience. and In September 2020 – Micro Focus announced the release of Hybrid Cloud Management X (HCMX), the industry’s first cloud-native, multi-tenant cloud management platform that can run in the public cloud or on-premises
What Can be Explored with the Hybrid IT Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hybrid IT Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hybrid IT Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hybrid IT Management 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 IT Management 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 Software Providers, Technology Providers, Investors, Network Companies 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.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Hybrid IT Management Market?
The Hybrid IT Management market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Hybrid IT Management Market?
Top performing companies in the Global Hybrid IT Management market are IBM (United States), Microsoft (United States), Micro Focus (United Kingdom), Cisco Systems (United States), AWS (United States), Oracle (United States), Google (United States), VMware (United States), Equinix (United States), Rackspace (United States), NetApp (United States), Atos (United States) and Fujitsu (Japan), to name a few.
3. What trending factors would impact Hybrid IT Management Market growth most?
"Growth in Digital Services and Their Applications" is seen as one of major influencing trends for Hybrid IT Management Market during projected period 2020-2026.