The global Hybrid Cloud Computing market is expected to witness high demand in the forecasted period due to increasing adoption by enterprises. According to expertise, approximately 80 percent of organizations are predicted to migrate toward the cloud, hosting, and colocation services by 2025. A hybrid cloud is an integrated cloud service, which utilizes both, private and public clouds to perform distinct functions within the same organization. It provides various benefits including flexibility, security, cost-efficiency, and scalability. Also, approx. 22% of enterprise workloads will be handled by hybrid cloud platforms by 2020." The Paas and Iaas services are dominating the global market due to the rising demand for developing, testing, and managing applications. According to the Cloud Computing report on International Trade administration 2016, "the revenue for IaaS and PaaS will exceed USD55 billion and likely surpass the revenue for servers by 2020." Additionally, increasing demand for cloud services owing to the CORONA virus crises is act as the major driver of the global market. The impact of CORONA includes an increasing number of 'Work From Home' situations across the world, the increasing popularity of video gaming, growing inclination towards online video streaming will help to boost cloud computing market and similarly hybrid cloud computing market.
According to AMA, the market for Hybrid Cloud Computing is expected to register a CAGR of 21.9% during the forecast period to 2026. This growth is primarily driven by High Demand in Digital Services and Their Application, Increasing Demand for Agile Computing and Rising Consumer Preferences towards Hybrid Cloud.
Globally, a noticeable market trend is evident High Demand for More Computational Power
. The Cloud Computing sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AWS (United States), IBM (United States), Microsoft (United States), Oracle (United States), Google (United States), Cisco Systems (United States), VMware (United States), Alibaba (China), Equinix (United States), Rackspace (United States) and Fujitsu (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th November 2019, IBM has announced an extended partnership with VMware to accelerate hybrid cloud innovation and adoption across global enterprises. and 20th November 2019, NetApp the data authority for hybrid cloud, and Google Cloud today announced the general availability of NetApp® Cloud Volumes Service, NetApp Cloud Volumes ONTAP® for Google Cloud, and support for Anthos on NetApp HCI to help organizations focus on innovation across any hybrid environments.
16th September 2019, Oracle and VMware, Inc. has announced an expanded partnership to help customers leverage the companies’ enterprise software and cloud solutions to make the move to the cloud. and On 9th July 2019, IBM and Red Hat announced that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for USD190.00 per share in cash, representing a total equity value of approximately USD 34 billion.
- High Demand in Digital Services and Their Application
- Increasing Demand for Agile Computing
- Rising Consumer Preferences towards Hybrid Cloud
- High Demand for More Computational Power
- Growing Focus to Avoid Vendor Lock-In
- Growing Network Complications
- Lack of Awareness about Privacy As Well As Data Protection
Introduction Of Hybrid IT Services such as cloud Consulting, Implementation, Migration, Automation, Containerization as a service, Complete Managed Services, and Others
Rising Workload Complications in Hybrid Cloud Environment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hybrid Cloud Computing Study Sheds Light on
The Hybrid Cloud Computing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hybrid Cloud Computing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hybrid Cloud Computing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.