Hybrid Cloud Computing Market Demand and Competitive Analysis … – Digital Journal

PRESS RELEASE

Published July 24, 2023

The Hybrid Cloud Computing Market is anticipated to reach USD 348.53 billion by 2030, increasing at a CAGR of 21.91% over the forecast period (2023-2030). The market size is anticipated to be USD 129.43 billion in 2023. There has been a significant movement towards hybrid infrastructure services, as seen by the expansion of cloud and industrialised services and the loss of conventional data centre outsourcing (DCO). In contrast, expenditure on colocation and hosting as well as an increase in infrastructure utility services are all contributing to the decline of the traditional DCO industry. This is anticipated to fuel the transition to cloud hosting and IaaS. Due to its advantages, the hybrid cloud deployment is taking up an ever-growing portion of the cloud industry.

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By employing private clouds for vital and sensitive data and public clouds for non-sensitive tasks, hybrid cloud solutions enable enterprises to save expenses. For enterprises with varying workloads, the flexibility to easily scale resources up or down in response to changing needs is provided by the hybrid architecture. While non-sensitive data can be hosted on the public cloud to save money, sensitive data can be retained on the private cloud to preserve better levels of control and compliance.

Vendor Landscape:

Equinix Inc., Hewlett-Packard, VMware Inc., Oracle Corporation, Citrix Systems Inc., Rackspace Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, Amazon Web Services Inc.

Total Market by Segment:

Global Hybrid Cloud Computing Market Segment Percentages By Type

Platform as a Service (PaaS)

Software as a Service (SaaS)

Infrastructure as a Service (IaaS)

Global Hybrid Cloud Computing Market Segment Percentages by Application

Small and Medium Enterprises (SMEs)

Large Enterprise

Hybrid Cloud Computing Market Regional Analysis:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

South America (Brazil, Argentina and Colombia etc.)

Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Due to a strong technological environment, digitalization aspirations, and the presence of major cloud service providers, the area was an early user of hybrid cloud solutions. Due to data protection laws and the demand for adaptable and secure solutions, European firms have demonstrated a major interest in using hybrid clouds. Countries like China, India, and Singapore are leading the way in this region's increasing adoption of hybrid clouds. This expansion is facilitated by expanding economies, an increase in digitization, and the existence of tech-savvy businesses.

Impact Of COVID 19 On Global Hybrid Cloud Computing Market

During the pandemic, there was a dramatic shift towards remote work, which caused a spike in demand for cloud services, particularly hybrid cloud solutions. To properly serve remote workforces, businesses required safe, adaptable infrastructure. In order to adjust to the shifting market conditions, several organisations increased their digital transformation initiatives. As a result, more people are using cloud services, including hybrid cloud options.

Some companies were compelled to delay or scale down IT investments, including cloud adoption initiatives, due to the pandemic's negative economic effects. Hybrid cloud infrastructure rollout was hampered by data centre closures in some locations and interruptions to the hardware supply chain.

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Frequently Asked Questions about Hybrid Cloud Computing market:

What recent changes have there been in the government's policies?

What are the key trends in the market for Hybrid Cloud Computing?

What is the market's growth rate?

Which market category has the greatest potential?

Who are the major market participants for Hybrid Cloud Computing Market?

Which area would see the greatest development for market vendors?

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The hybrid cloud helps organisations to progressively modernise their IT infrastructure as they embrace digital transformation without experiencing major interruptions. Businesses have adopted hybrid cloud solutions to manage and handle the huge amounts of data that have been generated from a variety of sources.

Table of Contents Major Key Points

4.1. COVID-19 Impact Analysis

4.2. Impact of Ukraine- Russia war

4.3. Impact of ongoing Recession on Major Economies

Amit J

Sales Co-Ordinator

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