DUBLIN, Aug. 30, 2018 /PRNewswire/ --
The "Hybrid Cloud Market by Component, Service Type (Cloud Management and Orchestration, Disaster Recovery, and Hybrid Hosting), Service Model, Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The hybrid cloud market is expected to grow from USD 44.60 billion in 2018 to USD 97.64 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. The demand for hybrid cloud is expected to be driven by several factors, such as cost efficiency, scalability, agility, and security. Hybrid cloud bridges the gap between Information Technology (IT) and businesses by improving agility and efficiency, as well as by rapidly delivering IT resources at a low-cost.
The hybrid cloud market has been segmented on the basis of components (solution and services), service types, service models, organization size, verticals, and regions. The services segment is expected to grow at a higher CAGR during the forecast period, and the solution segment is estimated to hold a larger market size in 2018 in the market. The adoption of the hybrid cloud among enterprises has become a central part of the business process, due to the high flexibility, enhanced scalability, low cost, and secured deployment options, and is expected to grow in the coming years.
The hybrid hosting segment is estimated to hold the largest market size in 2018, as it offers numerous benefits, such as access through a single point of contact; sharing the network infrastructure; and monitoring, delivering, and managing hosting services. Organizations are enhancing their ability to integrate co-location, dedicated servers, and virtualized environments to construct a hybrid hosting environment.
The Infrastructure-as-a-Service (IaaS) segment is expected to hold the largest market size during the forecast period. IaaS helps in transferring workloads from on-premises systems to the cloud during the peak demand. This advantage helps allocate resources for more important business processes. Organizations can enhance their performance, increase delivery speed, improve productivity, and provide flexible computing capabilities, both in the public and private cloud environments.
North America is estimated to hold the largest market size in 2018, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR in the hybrid cloud market during the forecast period. Hybrid cloud deployment has become the most suitable solution for organizations across all regions. The major factors that would further drive the growth of the hybrid cloud market are the presence of a dynamic business environment, increasing adoption of multiple cloud services for cost savings, and an indispensable need to achieve better productivity and efficiency through centralized cloud governance.
The rising need for more computational power and rapidly increasing adoption rate of the hybrid cloud are expected to open new avenues for the hybrid cloud market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Hybrid Cloud Market
4.2 Market By Component (2018 vs 2023)
4.3 Market Shares of Top 3 Verticals and Regions, 2018
4.4 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Agile, Scalable, and Cost-Efficient Computing
5.2.1.2 Rising Need for Interoperability Standards Between Cloud Services and Existing Systems
5.2.1.3 Increasing Focus to Avoid Vendor Lock-In
5.2.1.4 Growth in Digital Services and Their Applications
5.2.2 Restraints
5.2.2.1 Lack of Awareness About Privacy and Data Protection
5.2.2.2 Lack of Technical Expertise
5.2.3 Opportunities
5.2.3.1 Growing Need for More Computational Power
5.2.3.2 Rapidly Increasing Adoption Rate of Hybrid Cloud
5.2.4 Challenges
5.2.4.1 Secured Integration of Cloud and On-Premises Application Workloads
5.2.4.2 Workload Complexities in Hybrid Cloud Environment
5.3 Regulatory Implications
5.3.1 Payment Card Industry Data Security Standard (PCI DSS)
5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.3 Federal Information Security Management Act (FISMA)
5.3.4 Gramm-Leach-Bliley Act (GLBA)
5.3.5 Sarbanes-Oxley Act (SOX)
5.3.6 Federal Information Processing Standard (FIPS)
5.3.7 General Data Protection Regulation (GDPR)
5.3.8 Federal Risk and Authorization Management Program (Fedramp)
5.4 Use Cases
5.4.1 Use Case #1: IBM: Kpn B.V., A Dutch Telecommunications Company
5.4.2 Use Case #2: AWS: Ge Appliances
5.4.3 Use Case #3: IBM: Liquidsky Software
5.4.4 Use Case #4: Microsoft: Ascribe Ltd
5.4.5 Use Case #5: IBM: Giant Eagle
6 Hybrid Cloud Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Training, Education, and Consulting
6.3.1.2 Support and Maintenance
6.3.2 Managed Services
7 Hybrid Cloud Market, By Service Type
7.1 Introduction
7.2 Cloud Management and Orchestration
7.3 Disaster Recovery
7.4 Hybrid Hosting
8 Hybrid Cloud Market, By Service Model
8.1 Introduction
8.2 Infrastructure-As-A-Service
8.3 Platform-As-A-Service
8.4 Software-As-A-Service
9 Market By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises
10 Hybrid Cloud Market, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Telecommunications and Ites
10.4 Healthcare and Life Sciences
10.5 Retail and Consumer Goods
10.6 Media and Entertainment
10.7 Manufacturing
10.8 Government and Public Sector
10.9 Transportation and Logistics
10.10 Others
11 Hybrid Cloud Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 New Product Launches and Product Upgradations
12.2.2 Partnerships, Agreements, and Collaborations
12.2.3 Mergers and Acquisitions
12.2.4 Business Expansions
13 Company Profiles
- ATOS
- AWS
- Alibaba
- Centurylink
- Cisco Systems
- Citrix
- DXC
- Dell EMC
- Equinix
- Fujitsu
- HPE
- IBM
- Micro Focus
- Microsoft
- NTT Communications
- Netapp
- Oracle
- Pure Storage
- Quest Software
- Rackspace
- Rightscale
- Unitas Global
- VMware
For more information about this report visit https://www.researchandmarkets.com/research/58j3hk/hybrid_cloud?w=5
Media Contact:
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Related Links
http://www.researchandmarkets.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article