Product ID: SQMIG45A2216
Report ID:
SQMIG45A2216 |
Region:
Global |
Published Date: February, 2024
Pages:
197
|
Tables:
149 |
Figures:
79
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45A2216