Hybrid Cloud Market Research And Forecast Report From 2014 To 2018: Radiant Insights, Inc

The global hybrid cloud market is projected to exhibit a 30.1% CAGR over the forecast period (2013-2018). Need for scalable and agile cloud services are primarily driving the market.

San Francisco, United States - August 17, 2016 /MarketersMedia/ —

Hybrid cloud uses a combination of private and public cloud services. It allows companies to transfer the data to public cloud from the private cloud according to changes in needs and costs. This technology has a flexible nature and can cater to changeable workloads.

The global hybrid cloud market is projected to exhibit a 30.1% CAGR over the forecast period (2013-2018). Need for scalable and agile cloud services are primarily driving the market. Organizations are increasingly adopting cloud technology to save up on server space. Data security and connectivity pose a serious challenge to market growth. The market is segmented on the basis of solution, service, service model, organization size, end-users, and regions.

Solutions offered under hybrid clouds are hybrid hosting, disaster recovery, security and compliance, and cloud management & orchestration. Disaster recovery is expected to grow the fastest on account of ensuring the protection of data on secondary storage devices.

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Services are divided into managed and professional services. Service models include PaaS (Platform as a Service), IaaS (Infrastructure as a Service), and SaaS (Software as a Service). SaaS will grow at a rapid rate over the forecast period. IaaS is predicted to grow at a 27% CAGR during the predicted timeline. But all the service models are estimated to attain a turnover of nearly USD 30 billion by the next five years.

Organization sizes which cater to the market are small-medium enterprises (SMEs) and large enterprises. End-users entail telecommunication and ITES (IT enabled services), media and entertainment, healthcare and life sciences, government and public sector, consumer goods and retail, manufacturing, BFSI (Banking, Financial services and Insurance), education, and others.

Regions encompass North America, Asia Pacific, Europe, and RoW (Rest of the World). Asia Pacific is the fastest growing region of the market at an above-average growth rate. This can be ascribed to the huge presence of SMEs who are adopting cloud technology for disaster recovery, IoT (Internet of Things), and big data projects.

Key vendors of the hybrid cloud market are Equinix, Inc.; Amazon Web Services, Inc.; IBM Corporation; and Microsoft Corporation. International players need to partner with domestic vendors to increase their market reach.

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About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Contact Info:
Name: Michelle Thoras
Email: [email protected]
Organization: Radiant Insights, Inc
Address: 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054

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