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The cloud market is progressing at a rapid rate and is expected to represent a significant share in the overall IT in coming years. Continuous advancements in cloud computing have increased the demand for hybrid cloud services at a massive rate. Hybrid cloud services are use of multiple cloud models such as public cloud or private hosted options by an enterprise to respond to its business needs.
Market Dynamics
The decline of conventional data center outsourcing and growth of industrialized services are some of the key factors that are projected to drive the adoption of hybrid cloud services. Further, higher flexibility and added benefits offered by hybrid cloud services to end-users are anticipated to boost the growth of the global hybrid cloud services market during the forecast period. However, compliance management and security are critical concerns faced by enterprises that are anticipated to hamper the adoption of hybrid cloud services to some extent.
Market Trends
Enterprises are putting greater emphasis on security around virtual boundaries of hybrid cloud solutions and services which is influencing key vendors to introduce advanced hybrid cloud security solutions that can secure virtual and cloud environments with centralized control and visibility.
Market Scope
The global hybrid cloud services market scope includes the different level of segments such offering and end-user verticals. The global hybrid cloud services market has been segmented based on offering into cloud management and security service, cloud Infrastructure as a Service (IaaS), cloud Business Process as a Service, cloud Platform as a Service (PaaS), cloud Software as a Service (SaaS), and cloud advertising. Based on end-user vertical, the global hybrid cloud services market is segmented into public sector, healthcare, retail, telecom & IT, energy & utility, transportation, BFSI, manufacturing, and other verticals.
Regional Outlook
Major regions covered in the global hybrid cloud services market are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Currently, North America dominates the hybrid cloud services market in terms of spending owing to the adoption of hybrid IaaS strategies among enterprises. Further, the Asia Pacific hybrid cloud services market is anticipated to expand at the highest CAGR over the forecast period owing to increase in expenditure on hybrid cloud service by enterprises.
Hybrid cloud vendors are focused towards offering advanced hybrid cloud services that can be easily integrated with existing products. Prominent players analyzed in the global hybrid cloud services market include Microsoft Corporation, Amazon, VMware Inc., Google Inc., Rackspace, Hewlett Packard Enterprise, EMC Corp, IBM Corp, Verizon Enterprise, Fujitsu Limited, CenturyLink, Cisco Systems Inc., NTT, Hitachi Ltd., and CSC among others.
Major Regions/Countries include:
This research report on hybrid cloud services market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.