The global hybrid cloud market is expected to post a CAGR of more than
18% during the period 2019-2023, according to the latest market research
report by Technavio.
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Technavio has published a new market research report on the global hybrid cloud market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global hybrid cloud market is the
security and compliance benefits. Several organizations hesitate to
adopt public cloud solutions owing to their security and compliance
concerns. Although service providers implement features such as secure
multitenancy, the nature of the public cloud service leaves them open to
attacks from hackers. In addition, there are many regulations that
impose certain restrictions on where the data can be stored. Hence, the
adoption of hybrid cloud solutions is increasing as they offer
organizations the flexibility to store their critical data on-premises
and move the less important data to the public cloud. Hybrid cloud
solutions provide higher design and architecture flexibility, coupled
with a higher level of security. These solutions allow organizations to
use a firewall in the private cloud component, thereby restricting the
data access only to employees. Such security and compliance benefits of
hybrid cloud solutions will fuel their demand during the forecast period.
As per Technavio, the emergence of containers will have a positive
impact on the market and contribute to its growth significantly over the
forecast period. This global
hybrid cloud market 2019-2023 research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global hybrid cloud market: Emergence of
containers to enhance hybrid cloud services
With the demand for hybrid cloud deployments increasing at a significant
rate, organizations in the industry are looking for a consistent
application development environment. Containers and microservices have
emerged as alternative solutions to virtual machines, which consume
large amount of resources. Containers do not need a guest operating
system or a hypervisor as they share the kernel of the operating system.
Containers combine all the operating system dependencies in a single
package, thereby reducing the issues faced by organizations when moving
applications between different environments. Containers also offer
agility and cost benefits that are difficult to achieve with
virtualization technologies. This and many other applications of
containers are likely to make them a popular choice in the hybrid cloud
market.
“Apart from the emergence of containers that may enhance hybrid cloud
services, factors such as the growing demand for colocation services
providers for hybrid cloud, and the increasing adoption of cloud
orchestration and cloud management software will have a significant
impact on the growth of the hybrid cloud market during the forecast
period,” says a senior research analyst at Technavio.
Global hybrid cloud market: Segmentation
analysis
This market research report segments the global hybrid cloud market by
end-user (BFSI, retail, healthcare, telecom, and others) and geographic
regions (North America, APAC, Europe, South America, and MEA).
The North American region led the market in 2018, followed by Europe,
APAC, South America, and MEA respectively. The market growth in North
America can be attributed to the growing number of organizations moving
their workloads from the public cloud to on-premises data centers. This
is mainly due to the improved performance of on-premises systems, and
growing concerns over data sovereignty issue and security issues.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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