The Hybrid Cloud Market is Valued USD 100.99 billion by 2024 and projected to reach USD 613.6 billion by 2032, growing at a CAGR of 22.20% During the Forecast period of 2024-2032. A hybrid cloud, sometimes referred to as a cloud hybrid, is a computing setup that merges an on-site data center (also known as a private cloud) with a public cloud, enabling the sharing of data and applications across various clouds. Hybrid cloud architecture is often referred to as "multi-cloud" systems, where a business utilizes several public clouds alongside its on-site data center. Although less sensitive information can be stored in the cloud, various regulated industries mandate that particular types of data be maintained on-site. Through the implementation of this hybrid cloud architecture, organizations can maintain compliance with industry standards while also enjoying the flexibility offered by the public cloud for less regulated computing tasks
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Major Players in Hybrid Cloud Markets are:
Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Google LLC, DXC Technology, Oracle Corporation, VMware, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), Dell Technologies, Inc., Rackspace Technology, Inc., Red Hat, Inc. (Acquired by IBM), Citrix Systems, Inc., Nutanix, Inc., Equinix, Inc., Fujitsu Limited, and Others.
Industry News:
April 2023: DXC Technology announced the release of DXC Secure Network Fabric, a hybrid cloud-optimized comprehensive data center platform. DXC Secure Network Fabric, developed in conjunction with Hewlett Packard Enterprise and AMD, is a comprehensive software-defined data center system that automates, modernizes, simplifies, and secures the data center networks at a reduced cost.
January 2023: Hybrid cloud data management and storage technology vendor, Cloudian closed a fund-raising round of USD 60 million which was to be used to scale the company inorder to meet an increasing number of use cases. The fund-raising round includes investments from multiple investment firms and Intel Capital, and other strategic investors. The total funding in Cloudian reached USD 233 million.
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Global Hybrid Cloud Market Segmentation:
By Component
Solutions
Cloud Management and Orchestration
Disaster Recovery
Security and Compliance
Hybrid Hosting
Others
Services
Professional Services
Managed Services
By Service Model
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Vertical
BFSI (Banking, Financial Services, and Insurance)
Healthcare
IT and Telecom
Retail
Manufacturing
Others
The following areas and countries are covered in the worldwide Hybrid Cloud Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
North America dominated the market share in 2023 for the hybrid cloud market. The presence of technological businesses is insistently influencing the advancement of the hybrid cloud market. Moreover, the expansion of advanced technologies such as IoT, cloud computing, and others, further contribute to the growth of the global market.
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Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
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New data sources are being integrated.
Increased focus on data privacy and security
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Key Features of the Hybrid Cloud Market Report: –
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Hybrid Cloud Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Hybrid Cloud Market is a valuable source of guidance for individuals and companies.
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