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Hybrid Cloud Market
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Hybrid Cloud Market

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Hybrid Cloud Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Component (Solution, Services), By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Application (Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration and Content Management, Others), By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), By End-User (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA),

  • Published Date: February 2022
  • Report ID: BWC22056
  • Available Format: PDF
  • Page: 196

Report Overview

The global hybrid cloud market is thriving owing to the benefits it offers to businesses, such as improved agility, higher data security, along with better scalability, and lower cost. The growing culture of working from home is also driving the market growth...

Hybrid Cloud Market- Industry Trends & Forecast Report 2028

The hybrid cloud market was worth USD 60.6 billion in 2021 and is further projected to reach USD 209.8 billion by the year 2028, growing at a CAGR of 19.40% during the forecast period 2022-2028. The market is growing at a high rate owing to the benefits that hybrid cloud offers to businesses, such as improved agility, higher data security, along with better scalability, and lower cost. Furthermore, the growing culture of work from home is also driving the adoption of hybrid cloud among public and private organizations.

Hybrid Cloud Market

Hybrid Cloud – A Brief Overview

Hybrid cloud refers to the amalgamation of both private and public cloud, along with on-premise infrastructure to provide flexible and cost-effective “multi-cloud configuration”. Amazon Web Services, Microsoft Azure, Google Cloud, are some of the most popular hybrid cloud providers in the market. The hybrid cloud supports digital business transformation, which helps in improving the scalability of the business. It also assists in supporting the business in rapidly changing market dynamics and requirements.

Hybrid Cloud Market Forecast and Trends

Growth Drivers

Rising Integration Among Small and Medium-Sized Enterprises

Hybrid cloud is gaining huge traction in small and medium-sized enterprises owing to the benefits it offers to businesses. Hybrid cloud is recommended for SMEs because of their dynamic and frequently changing workloads. An American hybrid cloud data services and database management company, NetApp, states that hybrid clouds are the most flexible option since they allow changes to be made to private, public, and on-premise resources, based on demand, at any time.

Increasing Adoption of Advanced Technologies

The rising adoption of advanced technologies, such as artificial intelligence (AI), machine learning, Internet of Things (IoT), big data, etc., is emerging as the major driving factor for the global hybrid cloud market. The large volumes of data generated through these technologies can easily be processed in real-time. The hybrid cloud also allows data segregation and management according to the sensitivity of the data. Furthermore, it also allows businesses temporary expansion in services based on their requirements for short-term projects. Such benefits play a crucial role in propelling the overall market growth.

Restraints

High Insecurity Regarding Privacy and Data Protection

The high insecurity regarding privacy and data protection among businesses is one of the major restraining factors for the growth of the global hybrid cloud market. Furthermore, the lack of awareness about data protection tools and unavailability of sufficient financial and other resources, especially in small and medium-sized enterprises further restraints businesses to adopt hybrid cloud. Moreover, in the absence of data protection tools, a company's data is vulnerable to potential theft attacks, which are further anticipated to challenge the hybrid cloud market.

Impact of COVID-19 on the Global Hybrid Cloud Market

The COVID-19 pandemic outbreak has had a positive impact on the global hybrid cloud market. As a result of the lockdown and shift to working from home, the business shifted towards hybrid cloud solutions and services during the pandemic. Moreover, with the increasing data volume and traffic over the network, hybrid cloud infrastructure became increasingly important for enterprises.  Despite the lockdown, hybrid cloud enabled business expansion and supported the delivery of services to customers, which proved beneficial for the hybrid cloud market.

Global Hybrid Cloud Market - By Component

Based on components, the hybrid cloud market is segmented into solutions and services. The services segment is further classified into professional services and managed services. The solution segment holds the largest market share as most large enterprises chose to invest in opting for in-house hybrid cloud solutions for higher data security. However, the services segment is also proliferating at a high rate due to its increasing adoption of hybrid cloud by small and medium-sized enterprises.

Global Hybrid Cloud Market - By Service Model

Based on the service model, the hybrid cloud market is segmented into infrastructure as a service, platform as a service, and software as a service. The software-as-a-service (SaaS) accounts for the largest market share owing to the introduction of the next generation of hybrid SaaS solutions which includes interoperating solutions situated both on the customer’s premises, as well as located within the cloud. The SaaS hybrid solutions are significantly gaining popularity as it lowers lock-in-risk by using dedicated databases along with enabling control over software upgrades and configuration.

Global Hybrid Cloud Market - Regional Insights

Geographically, the hybrid cloud market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the hybrid cloud market owing to the increasing investment of both large as well as SMEs towards the adoption of hybrid solutions to boost their business accessibility and scope, further proliferating their overall revenue. Furthermore, increasing partnerships and mergers among companies to offer hybrid solutions in North America is also anticipated to drive market growth in the forecast period.

Global Hybrid Cloud Market - Competitive Landscape

The leading players in the global hybrid cloud market are Cisco Systems Inc., NTT Communications Corporation, Hewlett Packard Enterprise Company, Fujitsu Ltd., Amazon Web Services, Intel Corporation, Citrix Systems Inc., Dell EMC, IBM Corporation, RightScale Inc., Alibaba Group Holding Limited, Panzura Inc., Rackspace US Inc., Vmware Inc., and other prominent players.

Globally, the hybrid cloud market is highly concentrated among several players, including Amazon Web Services, Microsoft, and Google. Several other multinational corporations such as IBM, HP, etc., also hold substantial market share. Hybrid cloud startups, however, also receive significant growth opportunities from expanding market scope. The companies constantly launch customized services and solutions to cater to different types of businesses in different industries. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Developments:

  • In January 2022, Opti9 Technologies, an IT services company, announced it would be starting its operations as a managed hybrid cloud solution provider. This company was formed a result of strategic merger between Webair, an infrastructure and cloud services provider, and Jelecos, an AWS Advanced Consulting Partner and application development firm.
  • In January, NTT West Group, a Japanese telecommunications company, announced that it had selected Hewlett Packard Enterprise (HPE) GreenLake to help launch hybrid cloud offerings by NTT in Japan.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Component, By Service Model, By Application, By Organization Size, By End-User, By Region
Key Players Cisco Systems Inc., NTT Communications Corporation, Hewlett Packard Enterprise Company, Fujitsu Ltd., Amazon Web Services, Intel Corporation, Citrix Systems Inc., Dell EMC, IBM Corporation, RightScale Inc., Alibaba Group Holding Limited, Panzura Inc., Rackspace US Inc., Vmware Inc., and other prominent players.

 

By Component

  • Solution
  • Services
  1. Professional Service
  2. Managed Services

By Service Model

  • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

By Application

  • Storage, Backup, and Disaster Recovery
  • Application Development and Testing
  • Database Management
  • Business Analytics
  • Integration and Orchestration
  • Customer Relationship Management
  • Enterprise Resource Management
  • Cloud Collaboration and Content Management
  • Others

By Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By End-User

  • Banking, Financial Services, and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Integration Among Small and Medium-Sized Enterprises
        2. Increasing Adoption of Advanced Technologies
      2. Restraints
        1. High Insecurity Regarding Privacy and Data Protection
      3. Opportunities
        1. Shortage of Skilled Professionals
      4. Challenges
        1. Rising Application of Hybrid Cloud in Storage, Backup, and Disaster Recovery
        2. Increasing Adoption of Hybrid Cloud in BFSI Sector
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Hybrid Cloud Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
    2. Market Share & Forecast, by Segment
      1. By Component
        1. Solution
        2. Services
          1. Professional Service
          2. Managed Services
      2. By Service Model
        1. Infrastructure as a Service
        2. Platform as a Service
        3. Software as a Service
      3. By Application
        1. Storage, Backup, and Disaster Recovery
        2. Application Development and Testing
        3. Database Management
        4. Business Analytics
        5. Integration and Orchestration
        6. Customer Relationship Management
        7. Enterprise Resource Management
        8. Cloud Collaboration and Content Management
        9. Others
      4. By Organization Size
        1. Small and Medium-Sized Enterprises
        2. Large Enterprises
      5. By End-User
        1. Banking, Financial Services, and Insurance
        2. IT and Telecommunications
        3. Government and Public Sector
        4. Retail and Consumer Goods
        5. Manufacturing
        6. Energy and Utilities
        7. Media and Entertainment
        8. Healthcare and Life Sciences
        9. Others
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Hybrid Cloud Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Component
      2. By Service Model
      3. By Application
      4. By Organization Size
      5. By End-User
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Hybrid Cloud Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Component
      2. By Service Model
      3. By Application
      4. By Organization Size
      5. By End-User
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Hybrid Cloud Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Component
      2. By Service Model
      3. By Application
      4. By Organization Size
      5. By End-User
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Hybrid Cloud Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Component
      2. By Service Model
      3. By Application
      4. By Organization Size
      5. By End-User
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Hybrid Cloud Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Component
      2. By Service Model
      3. By Application
      4. By Organization Size
      5. By End-User
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Hybrid Cloud Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Cisco Systems Inc.
    2. NTT Communications Corporation
    3. Hewlett Packard Enterprise Company
    4. Fujitsu Ltd.
    5. Amazon Web Services
    6. Intel Corporation
    7. Citrix Systems Inc.
    8. Dell EMC
    9. IBM Corporation
    10. RightScale Inc.
    11. Alibaba Group Holding Limited
    12. Panzura Inc.
    13. Rackspace US Inc.
    14. Vmware Inc.
    15. Oracle Corporation
    16. Equinix Inc.
    17. Google LLC
    18. DXC Technology Company
    19. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Hybrid Cloud Market Segmentation

Figure 2: Hybrid Cloud Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2021

Figure 4: Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 5: Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 6: Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 7: Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 8: Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 9: Hybrid Cloud Market Share (%), By End-User, By Value, 2018-2028

Figure 10: Hybrid Cloud Market Share (%), By Region, By Value, 2018-2028

Figure 11: North America Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 12: North America Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 13: North America Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 14: North America Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 15: North America Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 16: North America Hybrid Cloud Market Share (%), By End-User, By Value, 2018-2028

Figure 17: North America Hybrid Cloud Market Share (%), By Country, By Value, 2018-2028

Figure 18: Europe Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 19: Europe Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 20: Europe Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 21: Europe Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 22: Europe Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 23: Europe Hybrid Cloud Market Share (%), by End-User, By Value, 2018-2028

Figure 24: Europe Hybrid Cloud Market Share (%), By Country, By Value, 2018-2028

Figure 25: Asia-Pacific Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 26: Asia-Pacific Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 27: Asia-Pacific Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 28: Asia-Pacific Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 29: Asia-Pacific Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 30: Asia-Pacific Hybrid Cloud Market Share (%), By End-User, By Value, 2018-2028

Figure 31: Asia-Pacific Hybrid Cloud Market Share (%), By Country, By Value, 2018-2028

Figure 32: Latin America Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 33: Latin America Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 34: Latin America Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 35: Latin America Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 36: Latin America Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 37: Latin America Hybrid Cloud Market Share (%), By End-User, By Value, 2018-2028

Figure 38: Latin America Hybrid Cloud Market Share (%), By Country, By Value, 2018-2028

Figure 39: Middle East & Africa Hybrid Cloud Market Size, By Value (USD Billion), 2018-2028

Figure 40: Middle East & Africa Hybrid Cloud Market Share (%), By Component, By Value, 2018-2028

Figure 41: Middle East & Africa Hybrid Cloud Market Share (%), By Service Model, By Value, 2018-2028

Figure 42: Middle East & Africa Hybrid Cloud Market Share (%), By Application, By Value, 2018-2028

Figure 43: Middle East & Africa Hybrid Cloud Market Share (%), By Organization Size, By Value, 2018-2028

Figure 44: Middle East & Africa Hybrid Cloud Market Share (%), By End-User, By Value, 2018-2028

Figure 45: Middle East & Africa Hybrid Cloud Market Share (%), By Region, By Value, 2018-2028

 

 

List of Tables

 

Table 1: Hybrid Cloud Market Size, By Component, By Value, 2018-2028

Table 2: Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 3: Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 4: Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 5: Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 6: Hybrid Cloud Market Size, By Region, By Value (USD Billion), 2018-2028

Table 7: North America Hybrid Cloud Market Size, By Component, By Value (USD Billion), 2018-2028

Table 8: North America Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 9: North America Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 10: North America Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 11: North America Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028,

Table 12: Europe Hybrid Cloud Market Size, By Component, By Value (USD Billion), 2018-2028

Table 13: Europe Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 14: Europe Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 15: Europe Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 16: Europe Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 17: Asia-Pacific Hybrid Cloud Market Size, By Component, By Value (USD Billion), 2018-2028

Table 18: Asia-Pacific Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 19: Asia-Pacific Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 20: Asia-Pacific Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 21: Asia-Pacific Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 22: Latin America Hybrid Cloud Market Size, By Component, By Value (USD Billion), 2018-2028

Table 23: Latin America Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 24: Latin America Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 25: Latin America Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 26: Latin America Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 27: The Middle-East & Africa Hybrid Cloud Market Size, By Component, By Value (USD Billion), 2018-2028

Table 28: The Middle-East & Africa Hybrid Cloud Market Size, By Service Model, By Value (USD Billion), 2018-2028

Table 29: The Middle-East & Africa Hybrid Cloud Market Size, By Application, By Value (USD Billion), 2018-2028

Table 30: The Middle-East & Africa Hybrid Cloud Market Size, By Organization Size, By Value (USD Billion), 2018-2028

Table 31: The Middle-East & Africa Hybrid Cloud Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 32: Cisco Systems Inc. Financial Analysis

Table 33: Cisco Systems Inc. Business Overview

Table 34: NTT Communications Corporation Financial Analysis

Table 35: NTT Communications Corporation Business Overview

Table 36: Hewlett Packard Enterprise Company Corporation Financial Analysis

Table 37: Hewlett Packard Enterprise Company Corporation Business Overview

Table 38: Fujitsu Ltd. Financial Analysis

Table 39: Fujitsu Ltd. Business Overview

Table 40: Amazon Web Services Financial Analysis

Table 41: Amazon Web Services Business Overview

Table 42: Intel Corporation Financial Analysis

Table 43: Intel Corporation Business Overview

Table 44: Citrix Systems Inc. Financial Analysis

Table 45: Citrix Systems Inc.  Business Overview

Table 46: Dell EMC Financial Analysis

Table 47: Dell EMC Business Overview

Table 48: IBM Corporation Financial Analysis

Table 49: IBM Corporation Business Overview

Table 50: RightScale Inc. Financial Analysis

Table 51: RightScale Inc. Business Overview

Table 52: Alibaba Group Holding Limited Financial Analysis

Table 53: Alibaba Group Holding Limited Financial Analysis

Table 54: Panzura Inc. Financial Analysis

Table 55: Panzura Inc. Financial Analysis

Table 56: Rackspace US Inc. Financial Analysis

Table 57: Rackspace US Inc. Financial Analysis

Table 58: Vmware Inc. Financial Analysis

Table 59: Vmware Inc. Financial Analysis

Table 60: Oracle Corporation Financial Analysis

Table 61: Oracle Corporation Financial Analysis

Table 62: Equinix Inc. Financial Analysis

Table 63: Equinix Inc. Financial Analysis

Table 64: Google LLC Financial Analysis

Table 65: Google LLC Financial Analysis

Table 66: DXC Technology Company Financial Analysis

Table 67: DXC Technology Company Financial Analysis

 

 

Market Segmentation

By Component

  • Solution
  • Services
  1. Professional Service
  2. Managed Services

By Service Model

  • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

By Application

  • Storage, Backup, and Disaster Recovery
  • Application Development and Testing
  • Database Management
  • Business Analytics
  • Integration and Orchestration
  • Customer Relationship Management
  • Enterprise Resource Management
  • Cloud Collaboration and Content Management
  • Others

By Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By End-User

  • Banking, Financial Services, and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global hybrid cloud market reached USD 60.6 billion in 2021.
Ans: The major factors driving the growth of the global hybrid cloud market are the rising integration among small and medium-sized enterprises and increasing adoption of advanced technologies.
Ans: The key players in the global hybrid cloud market are: Cisco Systems Inc., NTT Communications Corporation, Hewlett Packard Enterprise Company, Fujitsu Ltd., Amazon Web Services, Intel Corporation, Citrix Systems Inc., Dell EMC, IBM Corporation, RightScale Inc., Alibaba Group Holding Limited, Panzura Inc., Rackspace US Inc., Vmware Inc., and other prominent players.
Ans: The solution segment accounted for the largest share in the global hybrid cloud market.
Ans: North America has the largest share in the global hybrid cloud market.