Global Hybrid Cloud Market Expected To Be Valued At About USD 304.91 Billion by 2032

As per the researchers at Zion Market Research, the valuation of the global Hybrid Cloud Market, estimating its value at USD 107.51 Billion in 2023, with projections indicating that it will reach USD 304.91 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.28% over the forecast period 2024-2032. The leading firms active in the global hybrid cloud market consist of Amazon Web Services Inc., EMC Corporation, VMware Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Rackspace Inc., Oracle Corporation, and Dell Inc., among others.

Increasing Business Data Volumes Likely To Propel The Growth Of The Global Market

The expansion of the global hybrid cloud market is fueled by a few major factors such as the rising understanding of the high efficiency attained via the hybrid cloud in business processes, the mounting business data volumes, and rising adoption of the Internet of Things (IoT) across several industries. Furthermore, the increasing recognition of big data management tools throughout organizations is expected to result in the amplified integration of hybrid cloud; the big data methods enables attaining value additions within business operations which can be improved through the utilization of compatible and flexible cloud networks that permit the smooth data assimilation into the firms’ operational databases. All these capabilities are projected to drive market growth during the forecast period.

Service Segment Of The Market Anticipated To Witness Highest CAGR In The Years To Come

The global hybrid cloud market is bifurcated based on components (services and solution), organization size, service models, verticals, service types, and regions. Among these, the services segment is projected to witness substantial growth in the coming years, whereas the solution segment is anticipated to grab the biggest share in the global hybrid cloud market. The hybrid cloud’s implementation among enterprises has turned out to be a core element of the business process, as a result of the improved scalability, high flexibility, secured deployment options, & low cost, and is projected to expand considerably during the forecast period.

North America To Rule The Global Hybrid Cloud Market During The Forecast Period

Regionally, North America is projected to rule the global hybrid cloud market during the forecast period. The strong existence prominent tech firms of the world that have made hybrid cloud networks more simply available than other regions along with the growing demand for business and industrial automation are the key factors contributing to the market growth in North America. Nevertheless, the Asia Pacific market is also anticipated to witness expansion at a noteworthy rate because of the swift implementation of digitization across the business and industrial sectors in this region.

Browse the full “Global Hybrid Cloud Market - By Service Type (Disaster Recovery, Hybrid Hosting, And Cloud Management & Orchestration), By Component (Services And Solutions), By Service Model (Infrastructure-as-a-Service, Software-as-a-Service, And Platform-as-a-Service), By Vertical (Transportation, Healthcare, BFSI, Retail, IT and Telecommunications, Media & Entertainment, Government, and others), By Organization Size (Large Enterprises And SMEs), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/hybrid-cloud-market

The global hybrid cloud market is segmented as follows:

By Component

• Solution
• Services

By Service Type

• Cloud management and orchestration
• Disaster recovery
• Hybrid hosting

By Service Model

• Infrastructure-as-a-Service
• Platform-as-a-Service
• Software-as-a-Service

By Organization Size

• Large enterprises
• Small and medium-sized enterprises

By Vertical

• BFSI
• IT and Telecommunications
• Healthcare
• Retail
• Media and entertainment
• Manufacturing
• Government
• Transportation
• Others (travel and hospitality, and education)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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