Hybrid Cloud Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.pdf

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Hybrid Cloud Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
Global Hybrid Cloud Market: Overview
Hybrid cloud refers to a computing platform that incorporates both private and public cloud networks. Compa-
nies implement hybrid cloud as a way to increase the efficiency of business processes by bringing together the
speed and reliability of private cloud and the economic and more scalable nature of public cloud as compared to
the other. The combination of two varieties of cloud networks allow companies to exploit the benefits of both.
Thus hybrid cloud has emerged as a more feasible solution for companies struggling to bring down the high
costs involved in operating solely with the help of private cloud.
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Global Hybrid Cloud Market: Trends and Opportunities
Some of the key factors driving the market for hybrid cloud include the increased awareness regarding the high
efficiency achieved in business processes through hybrid cloud, the rising volumes of business data, and increased
implementation of Internet of Things across industries. The rising popularity of big data management tools across
organizations is also leading to the increased incorporation of hybrid cloud; the value additions in business oper-
ations achieved through big data techniques can be enhanced through the use of flexible and compatible cloud
networks, which allow the smooth assimilation of data into the operational databases of companies.
Regardless of the vast benefits of hybrid cloud, the market faces restraints such as the high costs of installation as
compared to the installation of a single cloud network as the former requires the deployment of two distinct cloud
networks. Moreover, the relatively newer field of hybrid cloud could also mean that new kinds of data security
issues might arise. Although ongoing technological developments will likely make the field more secure and cost-
effective in the near future, the lack of the same presently hinders the overall growth prospects of the market to a
certain extent.
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Global Hybrid Cloud Market: Segmentation
The global market for hybrid cloud can be analyzed on the basis of criteria such as application, end-use sector,
size of organization, service model, and geography. Key applications of hybrid cloud are found in areas such as
data security, data hosting, orchestration, and disaster recovery. By end use, BFSI, IT and teleco mmunication,
government, retail, healthcare, manufacturing, logistics are among the leading end-use segments of the market.
On the basis of size of organization, the hybrid cloud market can be segmented into large-, medium, and small-
sized organization. Based on service model, the market can segmented into infrastructure as a service (IaaS),
platform as a service (PaaS), and software as a service (SaaS).
Global Hybrid Cloud Market: Geographical and Competitive Dynamics
From a regional perspective, the global hybrid cloud market is dominated by North America. Key factors attribut-
able to the strong presence of the hybrid cloud market in the region include the presence of some of the world’s
leading technology companies, which has made hybrid cloud networks more easily accessible than other regions,
and the rising demand for industrial and business automation in the region. However, the Asia Pacific market is
expected to exhibit growth at a significant pace owing to the rapid adoption of di gitization across the industrial
and business sectors. The rapid growth of the Asia Pacific market will make it a key contender in the global market
in the next few years.
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