Global Hybrid Cloud Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hybrid Cloud Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A hybrid cloud is an integrated cloud computing service that leverages public and private cloud services to perform different functions within the same organization. Hybrid clouds are valuable for dynamic and highly variable workloads. A hybrid cloud configuration, known as hybrid hosting, offers many benefits, namely security, flexibility, cost efficiency, and scalability.

Market Overview:

The latest research study on the global Hybrid Cloud market finds that the global Hybrid Cloud market reached a value of USD 107125.77 million in 2022. It’s expected that the market will achieve USD 261760.5 million by 2028, exhibiting a CAGR of 16.06% during the forecast period.

Growing Volumes of Business Data

For enterprises with multiple branches, especially multinationals, if the business is handled centrally at the headquarters data center, the processing power and access bandwidth of the headquarters will become a significant bottleneck as the volume of business increases. With a hybrid cloud solution, the front-end services are deployed in the public cloud, taking advantage of the public cloud's multiple regions and CDNs to keep the services as close to the end users as possible, while the back-end is still deployed in the headquarters' private cloud. Once the front-end processing is complete, only a small amount of back-end and front-end interactive access is required to complete the entire business process. The hybrid cloud provides a secure and trusted cross-cloud network channel, connecting the public cloud tenant environment with the private network on the enterprise side to ensure communication quality and security and reliability; meanwhile, it realizes unified management of applications and IT resources distributed on private and public clouds, including unified organizational directory structure, user authentication, etc. to ensure the enterprise's ability to control business. Through such cross-cloud deployment of hybrid clouds, the system's service capability and user experience can be greatly enhanced.

Security Concerns Associated with hybrid Cloud

Lack of awareness of privacy and security issues is limiting the adoption of hybrid clouds. Low-level understanding of the security benefits of hybrid cloud is impacting its adoption rate among users. Sensitivity to privacy and data protection is limiting organizations from moving their business to the cloud. Lack of clarity on cloud governance is limiting the adoption of hybrid clouds. As a result, continuous monitoring of cloud processes is needed to minimize risk and improve security features.

Cloud Net Convergence

Networking has always been a concern for customers as they migrate their business platform deployments to cloud resource pools. Hybrid clouds are about the flexible integration of the customer's local infrastructure, private clouds, and public clouds (e.g., third-party cloud services) over a network, so networking is key to this. The goal of hybrid cloud networking is to enable secure connections between a customer's private cloud and their public cloud VPC resources through on-demand delivery of network connectivity, enabling smooth scaling of resources across hybrid clouds, meeting unexpected resource demands, and providing secure access. The traditional hybrid cloud networking technologies are mainly VPN and leased line, but both have their shortcomings, for example, VPN is highly dependent on Internet connection and cannot guarantee bandwidth and latency; leased line has a high investment overhead and inflexible link control. For customers, one of the biggest problems facing hybrid cloud services is that the application, billing, and operation and maintenance of cloud computing resources and network resources are all separated from each other, which seriously affects customer experience. Therefore, cloud and network convergence is an inevitable demand for future development of hybrid cloud business.

Region Overview:

North America dominated the Hybrid Cloud market in 2022, with a market share of 46.95%.

Company Overview:

Amazon Web Services Inc. is one of the major players operating in the Hybrid Cloud market, holding a share of 12.7% in 2023.

Amazon Web Services Inc.

Amazon Web Services, Inc. provides information technology services. The Company offers website hosting, backup, digital marketing, analytics, application integration, blockchain, networking, and other related services. Amazon Web Services serves clients worldwide.

IBM Corporation

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York. It was founded in 1911 in Endicott, New York as the Computing-Tabulating-Recording Company (CTR) and was renamed International Business Machines in 1924. IBM is incorporated in New York and has operations in over 170 countries.

Segmentation Overview:

As for product types, the Solutions segment held the largest market share in 2022.

Application Overview:

In the Hybrid Cloud market, 27.09% of the total value was generated through the Government and Public sector segment by application in 2022.

Key Companies in the global Hybrid Cloud market covered in Chapter 3:

Oracle Corporation
Equinix Inc
Vmware Inc.
Intel Corporation
IBM Corporation
Citrix System Inc.
Microsoft Corporation
Amazon Web Services Inc.
Rackspace US Inc.
Alibaba Group Holding Limited
DXC Technology Company
Flexera
Dell EMC
Hewlett Packard Enterprise Company
NTT Communications Corporation
Cisco System Inc.
Google, LLC
NetApp
Lumen Technologies
Fujitsu Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Hybrid Cloud market from 2018 to 2029 is primarily split into:

Solutions
Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hybrid Cloud market from 2018 to 2029 covers:

Government and Public sector
Healthcare
Banking, Finance and Services (BFSI)
Retail
Information and Telecommunication Technology
Media and Entertainment
Other End-user Industries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)