The global hybrid cloud market is anticipated to grow at a significant CAGR during the forecast period. A hybrid cloud is a cloud solution that combines both private and public clouds to serve different purposes within the same company. Due to the versatility and dynamic nature of work, hybrid cloud has become increasingly important. It has several advantages, including cost-effectiveness and scalability, as well as flexibility and security. Organizations are transitioning to a hybrid cloud to accomplish data, application, and huge storage space security while reducing capital investment by using a hybrid cloud architecture that combines the private and public cloud models.
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Major market drivers include a shift in inclination toward hybrid cloud, an increase in digital disruptions, and growing adoption of hybrid cloud in IT service management (ITSM) models. Furthermore, the hybrid cloud market is likely to benefit from increased adoption among small and medium businesses as well as the rise of hybrid IT services.
Organizations are now facing the third wave of digital disruption, which is being fueled by underlying causes such as long-term declining computing, storage, and communications costs. For industries all across the globe, surviving amid the digital transformation is a compelling new reality. Factors such as the growing need for connectivity, the increased reliance on mobile communications, convergent data, and others have accelerated the rate at which disruptions occur. For instance, firms throughout the globe have stated their aim to use digital disruptions for survival and as a business opportunity to keep up with industry competition that is boosting the market growth.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Components
· By Service Model
· By Vertical
Regions Covered
· North America
· Europe
· Asia-Pacific
· Rest of the Word
· Competitive Landscape: Google Inc., Oracle Corp., Cisco Systems Inc., IBM Corp., Microsoft Corp.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominates the market in base year?
· Which segment and region will project fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from pre-COVID forecast
· Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Global Hybrid Cloud Market is Available at: https://www.omrglobal.com/industry-reports/hybrid-cloud-market
Global Hybrid Cloud Market by Segments
By Component
• Solution
• Services
By Service Model
• Infrastructure-as-a-Service
• Platform-as-a-Service
• Software-as-a-Service
By Vertical
• BFSI
• IT and Telecommunications
• Healthcare
• Retail
• Media and entertainment
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
