Hybrid cloud computing is a
seamless integration of public, private, and community clouds from many service
providers to carry out various functions within the same organization. It helps
organizations to take benefit of the cost-effectiveness of community or public
cloud platforms for all non-sensitive operations & rely on private cloud
where they are necessary. Private cloud leverages virtualization & automation
to pool or optimize the resources. The services & data from both clouds
combine to make a unified or the well-managed computing environment. The
implementation of hybrid cloud depends on various factors such as data security
& compliance requirements, the degree of control needed over data, and the
type of application being used by an organization. Some of the other associated
benefits of the market include scalability, flexibility, and cost efficiencies
with the lowest feasible risk of data exposure etc.
According to study, “Worldwide
Hybrid Cloud Computing Market - Solutions (Application Architecture, Network
Integration, Management Systems), Service Model (Iaas, PaaS, SaaS), Verticals
(Banking & Financial Services, Consumer Goods & Retail, Healthcare, Manufacturing,
Media & Entertainment, Energy & Utilities, Government,
Telecommunication & IT, Transportation & Logistics, Others), By Regions
- Drivers, Opportunities, Trends, and Forecasts, 2016-2022” some of the
other major companies that are currently operating in the worldwide hybrid
cloud computing market are Dell Inc., VMware, Inc., Amazon Web Services, Inc.,
RightScale, Inc., Rackspace Hosting, Inc., Cisco Systems, Inc., Computer
Sciences Corporation, EMC Corporation, Equinix, Inc., AT&T, Inc., Oracle Corporation,
Citrix Systems Inc., Microsoft Corporation, Green House Data, International
Business Machines Corporation, Velostrata, Atlantic.Net. A hybrid cloud
computing environment provides vendors the ability to get better resource
provisioning on a large scale.
Based on the solution types,
worldwide hybrid cloud computing market is segmented into application
architecture, management systems and network integration. Based on the
architecture, the market is segmented into cloud service provider and wide area
network (WAN). An internet is a best example of WAN. Based on the services
models, market is separated into Platform as a Service (PaaS), Infrastructure
as a Service (Iaas) and Software as a Service (SaaS). Based on services, market
is breakdown into cloud management & orchestration, hybrid hosting and
disaster recovery. Additionally, based on vertical industry, market is
segmented into consumer goods & retail, banking & financial services,
healthcare, manufacturing, energy & utilities, media & entertainment,
government, transportation & logistics, telecommunication & IT and
others.
The worldwide hybrid cloud
computing market is primarily driven by the return on assets, followed by
customized technology models, disaster recovery at real time and access to
multiple tools. Apart from the profits, some of the factors hampering are
compliance requirements, security & networking and data synchronization
complexities etc. In addition, some of the other new opportunities include
flexibility & control, access to real time information and customized
infrastructure. Furthermore, the new trends increasing the focus avoiding
vender lock in and high adoption of hybrid IT services.
North American region is expected
to direct the global market with high share owing to the entities in the U.S.
implementing the latest technologies is expected to grow at a competitive edge.
In addition, the Asia Pacific region is also expected to gain the most due to a
fast-paced expansion in the market. The large enterprises over the different
regions are creating more and more hybrid cloud solutions to work better &
slash costs. It is expected that the worldwide hybrid cloud computing market to
reach at US $241.13 billion, by 2022.
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