Hybrid Cloud Market to Grow by USD 245.30 Billion (2024-2028), Vendor Strategies Boost Growth, AI-Powered Market Evolution Report - Technavio

The hybrid cloud market is set to experience substantial growth, with an expected increase of USD 245.30 billion at a CAGR of 27.16% from 2023 to 2028. As businesses seek hybrid cloud solutions, cloud integration, and hybrid infrastructure, the market is driven by cloud security, hybrid deployment, and cloud management strategies that optimize IT capabilities. The rising demand for hybrid platforms, data migration, and hybrid scalability is shaping the industry's trajectory, with cloud providers playing a key role in expanding services.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Segmentation Analysis

By Component

• Services
• Solution

By End-User

• BFSI
• Retail
• Healthcare
• Telecom
• Others

Regional Market Trends

• North America
  • Canada
  • US
• Europe
  • Germany
  • UK
• APAC
  • China
• South America
• Middle East and Africa

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Market Dynamics

Drivers

• Simplified disaster recovery through hybrid cloud adoption enables cost efficiency and scalability.
• IT-business collaboration strengthens enterprise-wide digital transformation.
• Data protection and security enhancements improve storage solutions for critical business operations.
• Cost reduction initiatives drive adoption, especially in sectors with cyclical demand and emergency requirements.

Trends

• Enhanced containerization enables seamless application deployment in hybrid environments.
• Microservices and virtualization improve IT agility and operational efficiency.
• Colocation and hybrid hosting solutions continue to expand across industries.

Challenges

• Network connectivity and latency issues impact real-time operations.
• Data security concerns necessitate advanced encryption and compliance solutions.
• Managing hybrid environments requires robust cloud orchestration strategies.

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Key Players

• Accenture Plc
• Alibaba Group Holding Ltd.
• Alphabet Inc.
• Amazon.com Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• DXC Technology Co.
• Equinix Inc.
• Furukawa Electric Co. Ltd.
• Hewlett Packard Enterprise Co.
• Intel Corp.
• International Business Machines Corp.
• Kyndryl Inc.
• Lumen Technologies Inc.
• Microsoft Corp.
• Nutanix Inc.
• Oracle Corp.
• Panzura LLC
• Rackspace Technology Inc.
• VMware Inc.