BANGALORE, India, Feb. 11, 2020 /PRNewswire/ — The global market size of the hybrid cloud was estimated at USD 36,138 Million in 2017 and is projected to reach USD 171,926 Million by 2025, rising at a CAGR of 21.7 percent between 2018 and 2025.
A hybrid cloud is an automated cloud service that uses private as well as public clouds to perform specific functions within the same enterprise. Because of the simplicity and fluid nature of its operation, the hybrid cloud has gained significant importance.
Hybrid cloud provides many benefits, such as cost efficiency and scalability, versatility, and protection. Furthermore, companies are moving toward a hybrid cloud to achieve data security, application security, and minimize their capital on storage.
The global market for the hybrid cloud is segmented by component, service model, organization size, industry vertical, and region. It is anticipated that high adoption among small and medium-sized companies and the advent of hybrid IT services will provide lucrative opportunities for the hybrid cloud industry. However, factors like network complexities & security concerns are expected to hamper growth in the hybrid cloud market over the forecast period.
The global hybrid cloud market report focuses on market growth opportunities and restraints. The study provides Porter’s five-force analysis of the hybrid cloud industry to understand the impact on the development of the hybrid cloud market through various factors such as supplier power bargaining, competitive strength of competition, new entrants threat, replacement threat, and buyer bargaining power.
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TRENDS INFLUENCING THE HYBRID CLOUD MARKET SIZE
A change in preference to the hybrid cloud, rise in digital disruption and increased acceptance of hybrid cloud in IT service management (ITSM) models serve as major market drivers. This growing popularity of hybrid cloud is not only due features such as flexibility, scalability, and multi-cloud space but also because it provides security assurance to organizations.
REGION WISE HYBRID CLOUD MARKET SHARE
- Due to the growing demand for hybridization services in the U.S.A, the North American region dominated the overall market share of the Hybrid cloud in 2017.
- Nonetheless, the Asia-Pacific region is expected to see the highest growth rate over the forecast period.
SEGMENT WISE HYBRID CLOUD MARKET SHARE
- The BFSI segment dominated the overall hybrid-cloud market in 2017 and is expected to continue this trend over the forecast period. This growth can be attributed to increased hybrid cloud adoption in the BFSI sector, as it helps banks manage costs with great flexibility.
- The Software as a Service (SaaS) segment dominated the overall hybrid-cloud market in 2017, and this trend is expected to continue over the forecast period as multiple customers are searching for more purpose-built and personalized applications that can fulfill their specific business outcomes.
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KEY BENEFITS FOR HYBRID CLOUD MARKET
- The study provides an in-depth analysis of the global hybrid cloud market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analyses on the market is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global hybrid cloud industry.
- The quantitative analysis of the global hybrid cloud market from 2017 to 2025 is provided to determine the market potential.
HYBRID CLOUD KEY MARKET SEGMENTS
BY SERVICE MODEL
- Software as a service (SaaS)
- Infrastructure as a service (IaaS)
- Platform as a service (PaaS).
BY ORGANIZATION SIZE
- Large enterprises
- Small and medium enterprises.
BY INDUSTRY VERTICAL
- IT & Telecom
- Media & entertainment
- Transportation & Logistics
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Middle East
KEY MARKET PLAYERS
- Microsoft Corporation
- Amazon Web Services, Inc.
- VMware, Inc.
- Rackspace Inc.
- Hewlett Packard Enterprise
- Dell EMC
- IBM Corporation (International Business Machines)
- Google LLC
- Verizon Enterprise
- Cisco Systems, Inc
1) Cloud Computing Market
“In 2018, the global cloud computing market size was USD 36,700 Million and is expected to reach USD 28,5300 Million by the end of 2025, with a CAGR of 29.2% in 2019-2025.”
Cloud computing platforms and applications are increasing across companies, serving as the IT infrastructure that drives new digital enterprises. It is anticipated that variables such as increased automation and agility, improved customer experience, and increased price savings and investment returns will drive market growth.
This study focuses on the status of worldwide cloud computing, future forecast, opportunities for development, primary market, and important players. The research goals are to show the growth of cloud computing in the U.S., Europe, and China.
2) Cloud Security Market
The global size of the cloud security market is expected to gain USD 8.9 Billion by 2020, showing a 23.5 percent CAGR over the 2015-2020 forecast period.
Data protection requires a set of policies and controls that tackle the cloud’s security aspects by protecting Software, data, and infrastructure. Threats such as data breaches, data loss, and unstable application programming interfaces (API) are more vulnerable in a cloud computing environment. Therefore, there is a growing need to provide both cloud providers and consumers with a secure environment.
The market is segmented by type, end-user, vertical, deployment, and geography. Increasing adoption of cloud services and the rapidly growing trend of BYOD and CYOD are the market’s main driving forces. Increased adoption of cloud services by large and medium-sized companies, together with increasing demand for managed security services, also generates ample opportunities for market players.
3) Private Cloud Services Market
The Global Private cloud services market was valued at USD 3,703 million in 2016, and is estimated to reach USD 14,111 Million by 2023, growing at a CAGR of 21.1% from 2017 to 2023
A private cloud provides self-services & scalability, a set-up of virtual IT infrastructure, professional services, managed hosting, and others for complex computing activities, using a stable and cost-effective business delivery model. This uses a private virtual network (VPN) that blocks access to specific organizations to avoid breaches of security and cyber-attacks.
The global private cloud services market is driven by increased data security and privacy concerns, increased network infrastructure efficiency, and an increasing need for secure and reliable data access through virtual data centers and servers. Complexity in the migration of legacy applications and the high cost of private cloud deployment are expected to hamper the growth of the private cloud services industry.
4) Cloud Identity Access Management (IAM) Market
Cloud Identity Access Management (IAM) Market is expected to garner USD 2.8 Billion by 2020, registering a CAGR of 26.2% during the forecast period 2015 – 2020
Identity and Access Management (IAM) is a security system that guarantees safe end-user access across multiple applications. IAM’s integration with the cloud is currently gaining momentum thanks to its low cost and increased security. Digital Identity and Access Management (IAM) is an approach to revamp the conventional IT security environment by providing digital-based IAM solutions.
One of the main factors driving cloud IAM adoption is the cost-effectiveness of the cloud IAM service compared to traditional IAM services. Because of the rapid drop in bandwidth and storage levels, businesses are embracing cloud technologies on a large scale. It has been reported that by implementing cloud IAM services, an enterprise can save more than 35 percent of the annual cost.
5) Public Cloud Market
Public cloud is described as the computing services offered through the public Internet by third-party providers, making them available to anyone who wants to use them or purchase them. These may be free or sold on request, requiring customers to pay for the CPU cycles, storage, or bandwidth these use only peruse.
This study focuses on the global status of Public Cloud, future outlook, opportunities for growth, key market, and key players. The purpose of this report is to present the creation of the Public Cloud in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
6) Cloud Infrastructure Market
Cloud Infrastructure helps build and operate a private infrastructure-as-a-service (IaaS) cloud for data management and data center virtualization technologies. Cloud computing infrastructure includes servers, network, storage, virtualization, security, maintenance, networking, and backup & recovery services.
Cloud infrastructure allows companies to move their workload from one cloud to another, eliminating the lock-in that may happen when the customer is more dependent on a single cloud provider. Through providing scalable infrastructure and capabilities, the cloud infrastructure is becoming a game-changer for small and medium-sized enterprises (SMEs). Some of the major cloud infrastructure providers include IBM, Red Hat, Microsoft, Google, VMware, Rackspace, AT&T, Amazon Web Services, and Bluelock.
The report provides an in-depth analysis of the global market for cloud infrastructure along with drivers and constraints, as well as opportunities for growth and industry best practices.
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