Hybrid Cloud Market Size, Share, Growth Analysis, By Component(Solution, Services), By Service(Cloud management and orchestration, Disaster recovery, and Hybrid hosting), By Service Model(Infrastructure-as-a-Service, Platform-as-a-Service, and Software-as-a-Service), By Organization Size(Large enterprises, and Small and medium-sized enterprises), By Vertical(BFSI, IT and Telecommunications, Healthcare, Retail), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2216 | Region: Global | Published Date: February, 2024
Pages: 197 |Tables: 149 |Figures: 79

Hybrid Cloud Market Insights

Global Hybrid Cloud Market size was valued at USD 65.48 Billion in 2021 and is poised to grow from USD 73.25 Billion in 2022 to USD 179.71 Billion by 2030, growing at a CAGR of 11.87% in the forecast period (2023-2030).

The growth of the global hybrid cloud market is propelled by several key drivers. Chief among these is the widespread adoption of digital transformation strategies across businesses, the escalating use of internet and mobile devices globally, and the surging consumption of Big Data. The evolution of next-generation industrial solutions is poised to heavily rely on cloud enablement, mandating the need for robust cloud platforms to showcase their digital business capabilities. Moreover, the increasing adoption of Internet of Things (IoT), the advent of 5G technology, the rise of edge computing, and the integration of real-time analytics driven by Machine Learning (ML) and Artificial Intelligence (AI) are expected to further elevate the intrinsic value of computing technology among businesses, cementing the pivotal role of cloud solutions in enabling these transformative technologies.

The surge in cloud and industrialized services, coupled with the downturn of traditional data center outsourcing (DCO), signals a substantial transition towards hybrid infrastructure services. In contrast, the conventional DCO sector is dwindling, with expenditure shifting towards colocation, hosting, and the rise of infrastructure utility services. This trend is anticipated to propel the move towards cloud IaaS (Infrastructure as a Service) and hosting. With its manifold advantages, the adoption of hybrid cloud deployment continues to claim a progressively larger portion of the hybrid cloud market.

Market Snapshot - 2023-2030

Global Market Size

USD 65.48 Billion

Largest Segment

Services

Fastest Growth

Growth Rate

11.87% CAGR

Global Hybrid Cloud Market ($ Bn)
Country Share for North America Region (%)

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Hybrid Cloud Market Segmental Analysis

The global Hybrid Cloud market is segmented into six segments i.e. by Component, Service, Service Model, Organization Size, Vertical and Region. Based on Component, the market is segmented into Solution, Services. Based on Service, the market is segmented into Cloud management and orchestration, Disaster recovery, Hybrid hosting. Based on Service Model, the market is segmented into Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service. Based on Organization Size, the market is segmented into Large enterprises, Small and medium-sized enterprises. Based on Vertical, the market is segmented into BFSI, IT and Telecommunications, Healthcare, Retail, Media and entertainment, Manufacturing, Government, Transportation, Others (travel and hospitality, and education). Based on Regional the market is segmented as, North America, Europe, Asia Pacific, Latin America

Analysis by Component

The solution segment emerged as the top revenue contributor in 2021, with a notable surge in interest surrounding the adoption of cloud-native hybrid cloud management solutions, fueling substantial growth within this segment. These solutions are witnessing heightened traction due to their capacity to seamlessly integrate public and private cloud infrastructure, aligning with the evolving preferences of businesses.

The services segment plays a pivotal role within the global hybrid cloud market, encompassing a spectrum of offerings essential for effectively implementing, managing, and optimizing cloud solutions. This segment comprises pivotal services such as consulting, integration, migration, managed services, and support, each playing a critical role in ensuring the seamless operation and success of cloud initiatives.

Analysis by Service

The segment dedicated to cloud management and orchestration emerged as the leader in revenue generation. This dominance stems from the intricate nature of overseeing various cloud platforms, often resulting in complex IT procedures and sluggish operational processes. The challenges associated with managing disparate cloud systems underscore the critical role played by effective management and orchestration solutions. However, the integration of effective hybrid tools has proven instrumental in addressing these challenges. These tools enable dynamic scaling of resources in response to real-time demands and historical usage patterns.

The disaster recovery (DR) segment stands for delivering vital safeguards and contingency plans for safeguarding critical data and operations. At the core of this segment lies Disaster Recovery as a Service (DRaaS), a pivotal offering designed to ensure uninterrupted business continuity. DRaaS operates by duplicating and securely storing data across diverse cloud environments, spanning both private and public clouds.

Global Hybrid Cloud Market By Component

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Hybrid Cloud Market Regional Insights

North America is projected to wield a substantial stake in the hybrid cloud market. Numerous companies across the region are transcending the confines of solely relying on the public cloud. Instead, they are embarking on a transformative phase embracing hybrid IT services, amalgamating public, private, and traditional IT infrastructure. This strategic shift signifies a pivotal move for these organizations, showcasing their adoption of hybrid cloud strategies. Such initiatives have proven instrumental in enhancing their overall business capabilities and enabling the seamless delivery of services to their customer base.

Asia Pacific is anticipated to exhibit the highest CAGR in the hybrid cloud market. Hybrid cloud deployment has emerged as the go-to solution for organizations spanning various regions. Several pivotal factors are poised to propel the growth of this market further. These include the presence of a highly dynamic business landscape, a rising trend in adopting multiple cloud services to drive cost savings, and an increasingly crucial need to enhance productivity and efficiency through centralized cloud governance.

Global Hybrid Cloud Market By Region
  • Largest
  • Fastest

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Hybrid Cloud Market Dynamics

Drivers

Growing Demand for Agile, Scalable, and Cost-Efficient Computing

  • Enterprises are increasingly turning to the hybrid cloud model to overcome persistent business challenges that prove challenging to resolve using traditional IT infrastructure alone. This approach grants enterprises the ability to seamlessly expand their applications and infrastructure as dictated by their demands, providing users with exceptional speed, performance, and unwavering availability.

Restraints

Lack of Awareness about Privacy and Data Protection

  • The widespread adoption of hybrid cloud encounters significant barriers primarily rooted in a pervasive lack of awareness regarding privacy and security concerns. A notable factor contributing to the slow uptake among users is the insufficient understanding of the robust security benefits inherent in the hybrid cloud model. This lack of comprehension undermines confidence in the technology. Concerns revolving around privacy and data protection serve as additional hurdles, causing enterprises to hesitate in fully embracing cloud migration strategies.

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Hybrid Cloud Market Competitive Landscape

The global Hybrid Cloud Market operates within a dynamic and competitive landscape, featuring a diverse mix of established industry leaders, emerging contenders, and specialized producers. Innovation stands as a pivotal competitive factor within this environment. Dominant brands actively allocate resources towards research and development endeavors, continually introducing novel flavors, innovative packaging formats, and health-conscious variations to align with evolving consumer preferences. These industry frontrunners frequently serve as trendsetters, setting the pace and dictating the trajectory of market trends through their pioneering approaches, thereby influencing the wider industry landscape.

Top Player’s Company Profiles

  • Cisco Systems Inc.
  • Amazon Web Services (Amazon Inc.)
  • IBM Corporation
  • Lumen Technologies Inc.
  • Rackspace Technology Inc.
  • Equinix Inc.
  • VMware Inc.
  • Intel Corporation
  • Dell EMC (Dell Technologies Inc.)
  • Fujitsu Ltd
  • DXC Technology Company
  • Hewlett Packard Enterprise Company
  • Microsoft Corporation
  • Alibaba Cloud (Alibaba Group Holding Limited)
  • Oracle Corporation
  • Google LLC
  • Panzura Inc.
  • Flexera Software LLC
  • NTT Communications Corporation
  • Accenture PLC
  • Others

Recent Developments

  • March 2023 witnessed the debut of Flexera One FinOps by Flexera, marking its general availability in the market. This pioneering solution is meticulously crafted to strengthen an enterprise's FinOps capabilities and empower central cloud teams, fostering the seamless integration of IT asset management (ITAM) with FinOps practices. Its implementation empowers enterprises to significantly enhance their visualization and allocation of cloud usage and billing, effectively manage hybrid IT estates, and streamline cloud operations on a larger scale.
  • In March 2023, NTT Communications Corporation launched an initiative integrating digital humans and the virtual realm as part of its "OPEN HUB for Smart World" business co-creation program. This strategic effort aims to expand opportunities for all individuals, including those facing workplace or time-related constraints. The program is focused on fostering solutions that address pressing issues such as Japan's declining labor force participation, aligning with the broader goal of creating innovative solutions for societal challenges.

Hybrid Cloud Key Market Trends

  • The evolution of hybrid IT services is poised to unlock substantial opportunities, fostering accelerated growth within the hybrid cloud market. This enterprise computing strategy involves an organization's management and provision of certain information technology resources internally, alongside leveraging cloud-based services for others. This approach allows businesses to explore the realm of cloud computing while upholding a centralized IT governance model. Hybrid IT is reshaping IT architectures by seamlessly integrating internal and external services, often a fusion of internal systems with public clouds.

Hybrid Cloud Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The hybrid cloud market has seen substantial growth compared to other cloud services in recent years. It provides distinct advantages to organizations dealing with extensive datasets and fluctuating processing demands. Employing a hybrid cloud empowers companies to dynamically scale their computing resources, effectively eradicating the necessity for significant capital investment to manage abrupt surges in demand. This flexibility enables businesses to reallocate local resources for more sensitive data or applications, optimizing their operations accordingly.

Report Metric Details
Market size value in 2021 USD 65.48 Billion
Market size value in 2030 USD 179.71 Billion
Growth Rate 11.87%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Solution, Services
  • Service
    • Cloud management and orchestration, Disaster recovery, and Hybrid hosting
  • Service Model
    • Infrastructure-as-a-Service, Platform-as-a-Service, and Software-as-a-Service
  • Organization Size
    • Large enterprises, and Small and medium-sized enterprises
  • Vertical
    • BFSI, IT and Telecommunications, Healthcare, Retail, Media and entertainment, Manufacturing, Government, Transportation, and Others (travel and hospitality, and education)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Cisco Systems Inc.
  • Amazon Web Services (Amazon Inc.)
  • IBM Corporation
  • Lumen Technologies Inc.
  • Rackspace Technology Inc.
  • Equinix Inc.
  • VMware Inc.
  • Intel Corporation
  • Dell EMC (Dell Technologies Inc.)
  • Fujitsu Ltd
  • DXC Technology Company
  • Hewlett Packard Enterprise Company
  • Microsoft Corporation
  • Alibaba Cloud (Alibaba Group Holding Limited)
  • Oracle Corporation
  • Google LLC
  • Panzura Inc.
  • Flexera Software LLC
  • NTT Communications Corporation
  • Accenture PLC
  • Others
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Hybrid Cloud Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Hybrid Cloud Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Hybrid Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hybrid Cloud Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hybrid Cloud Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Hybrid Cloud Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Hybrid Cloud Market size was valued at USD 65.48 Billion in 2021 and is poised to grow from USD 73.25 Billion in 2022 to USD 179.71 Billion by 2030, growing at a CAGR of 11.87% in the forecast period (2023-2030).

The Hybrid Cloud Market operates within a dynamic and competitive landscape, featuring a diverse mix of established industry leaders, emerging contenders, and specialized producers. Innovation stands as a pivotal competitive factor within this environment. Dominant brands actively allocate resources towards research and development endeavors, continually introducing novel flavors, innovative packaging formats, and health-conscious variations to align with evolving consumer preferences. These industry frontrunners frequently serve as trendsetters, setting the pace and dictating the trajectory of market trends through their pioneering approaches, thereby influencing the wider industry landscape. 'Cisco Systems Inc.', 'Amazon Web Services (Amazon Inc.)', 'IBM Corporation', 'Lumen Technologies Inc.', 'Rackspace Technology Inc.', 'Equinix Inc.', 'VMware Inc.', 'Intel Corporation', 'Dell EMC (Dell Technologies Inc.)', 'Fujitsu Ltd', 'DXC Technology Company', 'Hewlett Packard Enterprise Company', 'Microsoft Corporation', 'Alibaba Cloud (Alibaba Group Holding Limited)', 'Oracle Corporation', 'Google LLC', 'Panzura Inc.', 'Flexera Software LLC', 'NTT Communications Corporation', 'Accenture PLC', 'Others'

Enterprises are increasingly turning to the hybrid cloud model to overcome persistent business challenges that prove challenging to resolve using traditional IT infrastructure alone. This approach grants enterprises the ability to seamlessly expand their applications and infrastructure as dictated by their demands, providing users with exceptional speed, performance, and unwavering availability.

The evolution of hybrid IT services is poised to unlock substantial opportunities, fostering accelerated growth within the hybrid cloud market. This enterprise computing strategy involves an organization's management and provision of certain information technology resources internally, alongside leveraging cloud-based services for others. This approach allows businesses to explore the realm of cloud computing while upholding a centralized IT governance model. Hybrid IT is reshaping IT architectures by seamlessly integrating internal and external services, often a fusion of internal systems with public clouds.

North America is projected to wield a substantial stake in the hybrid cloud market. Numerous companies across the region are transcending the confines of solely relying on the public cloud. Instead, they are embarking on a transformative phase embracing hybrid IT services, amalgamating public, private, and traditional IT infrastructure. This strategic shift signifies a pivotal move for these organizations, showcasing their adoption of hybrid cloud strategies. Such initiatives have proven instrumental in enhancing their overall business capabilities and enabling the seamless delivery of services to their customer base.

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