Hybrid cloud computing is a combination of two or more clouds that are bound together but are distinct entities. It is basically a composition of private, public, and community cloud services from different service providers. By integration, aggregation, or customization with another cloud service, the hybrid cloud computing service allows the user to extend either the capability or capacity of a cloud service. For example through the addition of externally available public cloud services, hybrid cloud computing can extend the capabilities of the enterprise to deliver a specific business service. The adoption of hybrid cloud depends on a variety of factors, such as the level of control over data, data security and compliance requirements, and which application the organization is using. Hybrid cloud computing is emerging as a major trend in cloud computing services as cloud providers and cloud users mature.
As the need for scalable, agile, and cost-effective cloud computing solutions increases among organizations, the need for standards for interoperability between existing systems and cloud services is rising, driving the hybrid cloud computing market. Moreover, there is increasing demand for digital services and their applications, which is fuelling the growth of the market. However, factors such as infrastructure dependency and lack of privacy and data protection are expected to slow down the growth of the hybrid cloud computing market. Companies that are new to the market are combining both private and public models, i.e. the adoption of hybrid cloud is rising, which is expected to provide huge opportunity for the market to grow.
The global hybrid cloud computing market is segmented on the basis of solution, service, service model, organization size, vertical, and region. In terms of solution, the market can be segmented into cloud management and orchestration, security and compliance, disaster recovery and hybrid hosting. The market is also classified on the basis of service into professional services and managed services. On the basis of service model, the market is segmented into software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS) and. In terms of organization size the market can be segmented into small and medium enterprises (SMEs) and large enterprises. In terms of verticals, the market can be segmented into BFSI, consumer goods and retail, education, government and public sector, healthcare and life sciences, manufacturing, media & entertainment, telecommunication, and information technology enabled services (ITeS). The market is segmented in terms of geographical regions into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific is expected to lead the hybrid cloud computing market in the coming years due to the increasing utilization of cloud services and data centers by organizations. Moreover, large enterprises are combining private and public cloud more frequently, which is likely to fuel the growth in the region during the forecast period.
Industry participants leading the hybrid cloud computing market with the most significant developments are Hewlett-Packard, Microsoft Corporation, Equinix Inc., Oracle Corporation, VMware Inc., Citrix Systems Inc., IBM Corporation, Cisco Systems, Rackspace Inc., and Amazon Web Services Inc.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.