Global Hybrid Cloud Market 2024-2028
The hybrid cloud market is forecasted to grow by USD 245.30 bn during 2023-2028, accelerating at a CAGR of 27.16% during the forecast period. The report on the hybrid cloud market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by disaster recovery simplified by hybrid cloud, hybrid cloud solutions lower TCO, and security and compliance benefits.
Technavio's hybrid cloud market is segmented as below:
By Component
By End-user
- BFSI
- Retail
- Healthcare
- Telecom
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the containers enhancing hybrid cloud services as one of the prime reasons driving the hybrid cloud market growth during the next few years. Also, growing demand for colocation service providers for hybrid cloud and increasing adoption of cloud orchestration and cloud management software will lead to sizable demand in the market.
The report on the hybrid cloud market covers the following areas:
- Hybrid cloud market sizing
- Hybrid cloud market forecast
- Hybrid cloud market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid cloud market vendors that include Accenture Plc, Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Co., Equinix Inc., Furukawa Electric Co. Ltd., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., Kyndryl Inc., Lumen Technologies Inc., Microsoft Corp., Nutanix Inc., Oracle Corp., Panzura LLC, Rackspace Technology Inc., and VMware Inc.. Also, the hybrid cloud market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.