Hybrid Cloud Market Growth 2024 – Size, Share, Trends, Outlook By 2033

The Hybrid Cloud by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Hybrid Cloud, The hybrid cloud market size has grown rapidly in recent years. It will grow from $99.37 billion in 2023 to $114.87 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%.  The  growth in the historic period can be attributed to complex application requirements, business agility and flexibility needs, security concerns, legacy infrastructure integration, cost optimization strategies..

The hybrid cloud market size is expected to see rapid growth in the next few years. It will grow to $215.07 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%.  The growth in the forecast period can be attributed to increasing cloud adoption, digital transformation, data security concerns, remote workforce expansion, multi-cloud management, ai and analytics expansion.. Major trends in the forecast period include business continuity and disaster recovery, ai and analytics integration, edge computing integration, cost optimization strategies, multi-cloud management, remote workforce enablement..

The increasing adoption of cloud services is expected to propel the growth of the hybrid cloud market going forward. Cloud services refer to a wide range of services offered on demand to clients and companies through the internet. A hybrid cloud combines on-premises infrastructure with public and private cloud services. This allows enterprises to benefit from the security of private cloud environments while benefiting from the low-cost operation, scalability, security, and control. Due to such the above offerings and benefits of cloud services, there is an increasing demand for hybrid cloud. For instance, in March 2021, according to the Flexera 2021 State of the Cloud Report survey of 750 technical professionals from around the world and across a diverse range of organizations, 92% of enterprises have a multi-cloud strategy, 80% have a hybrid cloud strategy, and 55% of enterprise workloads are expected to be in a public cloud within a year. Therefore, the increasing adoption of cloud services is driving the growth of the hybrid cloud market.

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 The hybrid cloud market covered in this report is segmented –

1) By Component: Solution, Services

2) By Workload: 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, Other Workloads

3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises

4) By End-User Industry: Government and Public Sector, Healthcare, Banking, Finance, Services, and Insurance (BFSI), Retail, Information and Communication Technology, Media and Entertainment, Other End-User Industries

 Top Major Players:
Amazon Inc
Fujitsu Ltd.
Oracle Corporation
Cisco Systems Inc.
Citrix Systems Inc

North America was the largest region in the hybrid cloud market in 2023.

Technological advancement is a key trend gaining popularity in the hybrid cloud market. Major market players are developing advanced technologies to improve efficiency and scalability to sustain their position in the hybrid cloud market. For instance, in October 2022, Flexential, a US-based IT service management company, launched New Hybrid IT Options on National FlexAnywhere Platform with Cloud Solution Expansion at Gartner IT Symposium/Xpo 2022. This new platform allows Flexential customers to extend their applications and workloads beyond on-premises data centres. The hybrid cloud deployments on Flexential’s national FlexAnywhere footprint relieving the organization’s burden of managing underlying infrastructure while providing superior application performance.

The hybrid cloud market report table of contents includes:

1. Executive Summary
2. Hybrid Cloud Market Characteristics
3. Hybrid Cloud Market Trends And Strategies
4. Hybrid Cloud Market – Macro Economic Scenario
5. Global Hybrid Cloud Market Size and Growth
…
31. Global Hybrid Cloud Market Competitive Benchmarking
32. Global Hybrid Cloud Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hybrid Cloud Market
34.Hybrid Cloud Market Future Outlook and Potential Analysis
35. Appendix

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