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Global Hybrid Cloud Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hybrid Cloud Market, By Component (Solution, Services), Service Type (Cloud Management and Orchestration, Disaster Recovery, Hybrid Hosting), Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Workloads (Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration and Content Management, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) – Industry Trends and Forecast to 2029.

Hybrid Cloud Market

Hybrid Cloud Market Analysis and Size

The digital transformation is expected to significantly increase revenue throughout the projected period in the global market for hybrid clouds. Moreover, the major players are using hybrid cloud platforms due to the benefits offered by the hybrid cloud to meet their present business requirements in line with digital transformation. Smaller businesses are also working on updating their IT infrastructure, accelerating market expansion. However, market expansion may be constrained during the anticipated timeframe by a lack of skills and weak security procedures.

Hybrid cloud market was valued at USD 47.67 billion in 2021 and is expected to reach USD 135.98 billion by 2029, registering a CAGR of 14.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Hybrid Cloud Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Solution, Services), Service Type (Cloud Management and Orchestration, Disaster Recovery, Hybrid Hosting), Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Workloads (Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration and Content Management, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

General Electric (U.S.), IBM (U.S.), PTC (U.S.), Microsoft (U.S.), Siemens (Germany), ANSYS, Inc (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Swim Inc. (U.S.)., RACKSPACE TECHNOLOGY (U.S.), NetApp (U.S.), Atos SE (U.S.), Fujitsu (Japan), CenturyLink (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Dell Inc., (U.S.), Cisco Systems Inc., (U.S.), AWS (U.S.), Oracle (U.S.), Google Inc., (U.S.), Atos SE (France), KELLTON TECH (India)

Market Opportunities

  • Various Technological Advancements
  • Emergence of Hybrid IT Services

Market Definition

A cloud computing infrastructure known as a hybrid cloud integrates on-premises, private, public, and third-party cloud services. Integrating, automating, and managing a computing environment permits the mobility of workloads across public and private platforms. Three different service models—Infrastructure as a Service, Platform as a Service, and Software as a Service—are typically used in hybrid cloud architecture. Additionally, it makes use of a private cloud that is either hosted on-site or by a different cloud service provider, as well as dependable wide-area network (WAN) connectivity between the environments.

Hybrid Cloud Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Escalating Need For Flexible, Scalable and Economical Computing

The businesses are using the hybrid cloud approach to get rid of problems that are hard to solve with conventional IT infrastructure. Hybrid cloud is bridging the gap between IT and companies by increasing agility and efficiency and swiftly delivering IT resources at a reasonable cost. It gives businesses the opportunity to expand their infrastructure and applications as needed and provides users with excellent performance and availability. Scalable economies of scale are offered by hybrid clouds, while at the same time, enterprises' sensitive data is protected. Organizations would be more likely to explore various operational avenues if secure, scalable, and affordable resources were more readily available, which would encourage the adoption of the hybrid cloud environment. This factor will largely boost over the forecast period.

  • High Usage across Retail Sector

Another benefit of hybrid cloud solutions for retailers is a cost-effective, secure infrastructure that can scale, provide cutting-edge services to customers, and provide businesses a competitive edge. This is because this approach offers a secure firewall for private services and enough integration for public ones, many major and medium-sized shops are embracing hybrid cloud computing solutions. With a second-highest rate of hybrid cloud deployments at 21%, the retail sector outperforms the norm for all other industries globally in its acceptance of hybrid cloud. Clothing e-commerce sites, in particular, can choose to convert to a hybrid cloud architecture for various functions to maintain smooth business operations. Order processing and resource scalability management could be handled using public cloud resources. On the other hand, the private cloud approach might be utilized to work on regulatory requirements, including vital data like client payment information that requires rigorous supervision. As a result, the high usage across retail sector will bolster the market’s growth rate over the forecast period.

Furthermore, it also provides a number of advantages, including complete support for the remote workforce, reduced operational expenses, and enhanced scalability, control, security, and risk management, which will accelerate the overall market expansion during the forecast period. Moreover, it has many applications in a variety of industries, including manufacturing, retail, banking, and financial services and insurance (BFSI), as well as information technology (IT), healthcare, and public and government sectors, which is anticipated to drive the growth rate of the hybrid cloud market. The widespread adoption of cloud-computing services will further positively impact the market's growth rate during the forecast period.

Opportunities

  • Emergence of Hybrid IT Services

The emergence of hybrid IT services is estimated to generate lucrative opportunities for the market, which will further expand the hybrid cloud market's growth rate in the future. In an enterprise computing strategy known as hybrid IT services, a firm manages and offers some information technology resources internally while using cloud-based services for others. This enables an organization to experiment with cloud computing while maintaining a centralized approach to IT governance. IT architectures are changing as a result of hybrid IT, which is a blend of internal and external services—typically internal and public clouds. Cloud consulting, implementation, migration, automation, containerization as a service, full managed services, and other services are included in hybrid IT.

  • Various Technological Advancements

Additionally, the various technological advancements further offer numerous growth opportunities within the market. The integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML), and edge computing, among other technical breakthroughs, are supporting the market's expansion. The market is anticipated to be further fueled by additional factors such as rising Software-as-a-Service (SaaS), multi-cloud adoption rates and advancements in IT infrastructure.

Restraints/Challenges

  • High Cost and Investments

The adoption of the hybrid cloud has been hampered by the lack of knowledge regarding privacy and security risks. Users' adoption of the hybrid cloud is being hampered by their lack of knowledge of its security advantages. Enterprises are hesitant to migrate their operations to the cloud because of privacy and data security concerns. The ambiguity around cloud governance increases the limitations for hybrid clouds. To reduce risks and enhance security features, cloud processes must be regularly monitored. This factor is therefore further expected to obstruct market growth over the forecast period.

  • Lack of Technical Expertise

Lack of skilled workers or technological know-how, particularly in developing and underdeveloped economies, will further impede the market's growth rate. The dearth of technical expertise is therefore estimated to be significant challenge for the hybrid cloud market over the forecast period.

This hybrid cloud market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hybrid cloud market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Hybrid Cloud Market

Coronavirus has a negative impact on small, medium, and large businesses right now. The whole shutdown had a negative impact on the production units. In 2020, a lack of labour and government regulations caused the market to decline.

The hybrid cloud market was however positively impacted by the outbreak of COVID-19, as the epidemic forced the major businesses to make investments in cloud services to upgrade the technical foundation for long-term success. The COVID-19 epidemic forced the major businesses to make investments in cloud services to upgrade the technical foundation for long-term success. The COVID-19 pandemic's acceptance of work-from-home models has led to a higher and faster rate of large businesses adopting hybrid cloud solutions, which will boost the market's expansion. This has led to a higher and faster rate of large businesses adopting hybrid cloud solutions, which will boost the market's expansion.

Recent Developments

  • In October 2021, Citrix Systems and Google Cloud, Citrix will introduce a new Desktop-as-a-Service (DaaS) offering on Google Cloud in a recently announced partnership. To support the seamless delivery of virtualized applications and desktops on Google Cloud, the service makes use of Citrix's management plan and HDX protocol.
  • In August 2021, Tech Mahindra revealed that it had strengthened its partnership with Microsoft to improve hybrid cloud capabilities. The partnership aims to make use of Microsoft Azure Stack HCI, a fresh hyper-converged infrastructure (HCI) solution, to hasten the transition to a hybrid cloud, gather virtualized workloads, and strengthen business resiliency.

Global Hybrid Cloud Market Scope

The hybrid cloud market is segmented on the basis of component, service type, service model, workloads, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Solution
  • Services

 Service Type

  • Cloud Management and Orchestration
  • Disaster Recovery
  • Hybrid Hosting

 Service Model

  • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

Workloads

  • Storage
  • Backup and Disaster Recovery
  • Application Development and Testing
  • Database Management
  • Business Analytics
  • Integration and Orchestration
  • Customer Relationship Management
  • Enterprise Resource Management
  • Cloud Collaboration and Content Management
  • Others

Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

 Vertical

  • Banking
  • Financial Services and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

Hybrid Cloud Market Regional Analysis/Insights

The hybrid cloud market is analyzed and market size insights and trends are provided by country, component, service type, service model, workloads, organization size and vertical as referenced above.

The countries covered in the hybrid cloud market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the hybrid cloud market because of the presence of a well-established infrastructure and low labor costs in the advancing countries within the region over the forecast period of 2022 to 2029. Moreover, the effective after-sale services offered by manufacturers within the economies is further estimated to accelerate the expansion over the forecast period.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the region's high demand for scalable and cost efficient computing. Moreover, the growth in digital services and their applications further expands the regional market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hybrid Cloud Market Share Analysis

The hybrid cloud market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hybrid cloud market.

Some of the major players operating in the hybrid cloud market are

  • General Electric (U.S.)
  • IBM (U.S.)
  • PTC (U.S.)
  • Microsoft (U.S.)
  • Siemens (Germany)
  • ANSYS, Inc (U.S.)
  • SAP SE (Germany)
  • Robert Bosch GmbH (Germany)
  • Swim Inc. (U.S.)
  • RACKSPACE TECHNOLOGY (U.S.)
  • NetApp (U.S.)
  • Atos SE (U.S.)
  • Fujitsu (Japan)
  • CenturyLink (U.S.)
  • Hewlett Packard Enterprise Development LP (U.S.)
  • Dell Inc., (U.S.)
  • Cisco Systems Inc., (U.S.)
  • AWS (U.S.)
  • Oracle (U.S.)
  • Google Inc., (U.S.)
  • Atos SE (France)
  • KELLTON TECH (India)

Research Methodology: Global Hybrid Cloud Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The global hybrid cloud market is expected to show a value of 135.98 billion by 2029.
The Hybrid Cloud Market is estimated to register a CAGR of 14.00% within the forecast period.
The major players operating in the Hybrid Cloud Market are General Electric (U.S.), IBM (U.S.), PTC (U.S.), Microsoft (U.S.), Siemens (Germany), ANSYS, Inc (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Swim Inc. (U.S.)., RACKSPACE TECHNOLOGY (U.S.), NetApp (U.S.), Atos SE (U.S.), Fujitsu (Japan), CenturyLink (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Dell Inc., (U.S.), Cisco Systems Inc., (U.S.), AWS (U.S.), Oracle (U.S.), Google Inc., (U.S.), Atos SE (France), KELLTON TECH (India).
The major countries covered in the Hybrid Cloud Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.