Global Hybrid Cloud Market Segments 2024, Forecast To 2033
5 Mar, 2024
The hybrid cloud market has experienced rapid growth, escalating from $99.37 billion in 2023 to $114.87 billion in 2024, with a 15.6% CAGR. The historic period's growth is linked to complex application requirements, business agility, and security concerns. Anticipating continued rapid growth, the market is projected to reach $215.07 billion in 2028 with a 17.0% CAGR. This growth is fueled by increasing cloud adoption, digital transformation, and AI expansion, accompanied by trends like business continuity and disaster recovery and edge computing integration.
Global Hybrid Cloud Market Key Driver
The hybrid cloud market thrives on the increasing adoption of cloud services, with 92% of enterprises having a multi-cloud strategy. Flexera's State of the Cloud Report underscores the growing preference for hybrid cloud solutions, contributing to market growth.
Get A Free Sample Of The Global Hybrid Cloud Market ReportGlobal Hybrid Cloud Market Segments
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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the hybrid cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the hybrid cloud market during the forecast period. The regions covered in the hybrid cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Hybrid Cloud Industry Players
Amazon Inc.; Fujitsu Ltd.; Oracle Corporation; Cisco Systems Inc.; Citrix Systems Inc.; Dell Technologies Inc.; DXC Technology Company; Alibaba Group Holding Limited; Google LLC; Hewlett Packard Enterprise Company; International Business Machines Corporation; Microsoft Corporation; Equinix Inc.; Rackspace Technology Inc.; VMware Inc.; Panzura Inc.; Lumen Technologies Inc.; NetApp Inc.; Atos SE; Red Hat Inc.; Nutanix Inc.; Lenovo Group Limited; Juniper Networks Inc.; DigitalOcean LLC; Zerto Corporation; NTT Data Corporation; Hitachi Vantara Corporation; InterVision Systems LLC; Scale Computing Inc.; Stratoscale Inc.; Morpheus Data LLC; Joyent Inc.; DataCore Software Corporation; Virtuozzo International GmbH
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AIOps Hybrid Cloud Market Overview
A hybrid cloud is a combination of at least two computing operating systems environment that share information and operate at a consistent set of applications for a business or enterprise over the internet. The primary purpose of hybrid cloud is to establish an IT infrastructure design which combines a company's internal IT resources with the infrastructure and services of third-party cloud providers.
Hybrid Cloud Global Market Report 2023 provides data on the global hybrid cloud market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hybrid cloud market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.