Hybrid Cloud Market

Hybrid Cloud Market Size, Share, Trends, Key Players,
Demand and Opportunities by 2023
Hybrid cloud refers to the composition of two or more clouds (private,
community or public) that remain individual entities but are bound together.
Hybrid cloud offers portability of data and applications across multiple clouds
and in-house IT infrastructure effortlessly. Over the recent years, the enterprise
cloud strategy has become increasingly prominent and hybrid cloud computing
is evolving as a default choice of users. Flexibility of switching between clouds,
multiple cloud delivery models and traditional datacenter resources makes it
important for companies to implement hybrid cloud.
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The global hybrid cloud market can be categorized on the basis of delivery
models, solutions, and industry verticals. On the basis of delivery models, the
hybrid cloud market can be categorized into Infrastructure as a Service (IaaS),
Software as a Service (SaaS) and Platform as a Service (PaaS).
The main factors driving hybrid cloud market include better resource
utilization, new or improved disaster recovery capabilities with the need for
additional capacity and increased delivery speed of IT resources to end users. As
organizations realize that a single cloud strategy is no longer sufficient in
meeting various needs, they are focusing more on the hybrid cloud strategy,
which is a common trend in hybrid cloud market.
The hybrid cloud systems and services are currently offered by numerous
vendors such as Amazon Web Services (AWS), VMware, Microsoft, Equinix,
RightScale, IBM, Cisco, HP and others. In the world in terms of geography,
North America dominates the global hybrid cloud market. The hybrid cloud
market is expected to grow multiple folds in next three to five years across
various regions globally.