Market Research Report
Global Hybrid Cloud Market, By Component, By Delivery Model, By Organization Size, By End User, By Region, Competition, Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||1002696|
|Published||Content info||202 Pages
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|Global Hybrid Cloud Market, By Component, By Delivery Model, By Organization Size, By End User, By Region, Competition, Forecast & Opportunities, 2026|
|Published: June 1, 2021||Content info: 202 Pages||
Global hybrid cloud market was valued USD45890.53 million in 2020 and is expected to grow at a CAGR of 16.63% during the forecast period. The factors that are contributing to the expansion of the global hybrid cloud market include cost effectiveness of hybrid cloud as the organizations have to pay for only what they use. Hybrid cloud meets the security and scalability requirements of the organizations, thus leading to its increased demand. Remote workforce can be easily supported, and the organizations can have better control on their confidential data by implementing hybrid cloud.
The global hybrid cloud market is segmented based on component, delivery model, organization size, end user, and region. Based on the component, the market is bifurcated into service and solution. Service segment captured the majority share of 65.81% in 2020, as IT sector works on the model of service where there is long term relation between the service provider and user, and users pay monthly or yearly subscription depending on the service.
Based on the delivery model, the global hybrid cloud market is segmented into software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS). SaaS (Software-as-a-Service), owing to its features such as low upfront cost and high scalability dominated the market with a share of 59.54% in the year 2020 and is expected to do so in the future as well, whereas infrastructure-as-a-service (IaaS) is expected to grow with a CAGR of 26.72% in the forecast period due to its features such as better performance and scalability. Platform-as-a-service (PaaS) is expected to grow with a CAGR of 16.03% in the forecast period due to its feature that makes work easy as developers can reduce the amount of coding with the prebuilt software components.
Based on the organization size, the market is bifurcated into large enterprises and SMEs. Large enterprises captured the majority market share of 65.14% in the year 2020 and is expected to do so in the forecast period as well as large enterprises have the capital to invest due to their high economies of scale.
Based on the end user, the hybrid cloud market is segmented into IT & Telecommunications, BFSI, Healthcare, Retail, Media & Entertainment and Others. IT and telecommunications sector held the largest market share of 35.59% in the year 2020 as this sector had invested heavily in hybrid cloud for the better functioning of businesses and for storing huge data and is likely to maintain its dominance in the future as well.
Regionally, the global hybrid cloud market has been segmented into including North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Among these regions, North America dominated the market with the share of 33.22% in the year 2020 due to increased adoption of hybrid cloud by the companies in this region.
The major players operating in the global hybrid cloud market are Amazon Web Services, Microsoft Corporation, Oracle Systems Corporation, International Business Machines, Google LLC, DXC Technologies Co., Fujitsu Ltd., VMware Inc, Dell EMC, Nippon Telegraph and Telephone Corporation, and Equinix Inc. These companies are developing advanced technologies and are launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Global Hybrid Cloud Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Global Hybrid Cloud Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
IT & Telecommunications
Media & Entertainment
Others (Manufacturing, Automotive, Power & Energy)
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in Global Hybrid Cloud Market.
With the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: