Rapid digitization by enterprises across the globe is a key factor driving market revenue growth

VANCOUVER, BC, CANADA, February 7, 2023 /EINPresswire.com/ -- The global hybrid cloud market size reached USD 71.23 Billion in 2021 and is expected to register a revenue CAGR of 18.4% during the forecast period, according to the latest analysis by Emergen Research. Rapid digitization by enterprises across the globe is a key factor driving market revenue growth.

Hybrid cloud hosting is a method of leveraging cloud computing by partnering with a managed cloud hosting provider. It provides businesses with flexible cloud solutions without putting strains and expanses of architecting a complex cloud environment solely on the internal IT team. One major factor behind the growth of hybrid cloud hosting is cost control, where hybrid cloud consolidates costs, reduces capital expenses, and reduces server maintenance, particularly when one deploys it through a hosting service. Flexibility and scalability also allow businesses to change to their needs. Compatibility issues are solved by hybrid cloud hosting. All these factors are driving revenue growth of the market. In June 2022, U.S. based cloud computing company VMware introduced VMware vSphere+ and VMware vSAN+ to assist businesses in integrating the advantages of the cloud into their current on-premises infrastructure without affecting their workloads or hosts. These new services, which were unveiled at VMworld 2021 as a technological preview known as Project Arctic, would assist clients in improving their infrastructure by offering centralized cloud-based infrastructure management, integrated Kubernetes, access to new hybrid cloud services, and a flexible subscription model.

In addition, the recent trend of digitization across the globe is a key factor contributing to market revenue growth. Rapid digitization among enterprises helping the hybrid cloud market to grow at a faster rate. Rising demand for agile and scalable computing systems is one of the major factors of market revenue growth. With the pandemic, most enterprises are now shifting into digitized work environments thereby increasing the demand for hybrid cloud systems. Small and Medium-Sized Enterprises (SMEs) are also sifting to digitalization. Many organizations have adopted digital efforts during the past few months of imprisonment and have discovered that they are far more effective than earlier solutions. In order to adopt the digital culture, many small and medium-sized businesses create digitization strategies that include communication tools. For education and internalization of ideas like remote technology, security applications, big data services, digital jobs, and other measures, many SMEs utilize resources from major corporations, which creates a high demand for the hybrid cloud market.

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The market intelligence report is a prototype of the 360° overview of the global Hybrid Cloud industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.

The major companies Covered in the report are:

Alibaba Group Holding Limited, Amazon Inc., CenturyLink Inc., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Company, Fujitsu Limited, Alphabet Inc. (Google), Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, VMWare Inc., and Rackspace Inc.

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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Hybrid Cloud business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.

Emergen Research has segmented the Hybrid Cloud market based on type, application, and region:

Component Outlook (Revenue, USD Billion; 2019-2030)

Solutions

Services

Service Type Outlook (Revenue, USD Billion; 2019-2030)

Cloud Management And Orchestration

Disaster Recovery

Hybrid Hosting

Service Model Outlook (Revenue, USD Billion; 2019-2030)

Infrastructure as a Service

Platform as a Service

Software as a Service

Organization Size Outlook (Revenue, USD Billion; 2019–2030)

Small & Medium Enterprise (SMEs)

Large Enterprise

End-Use Outlook (Revenue, USD Billion; 2019-2030)

Government and Public sector

Banking, Finance, Services and Insurance (BFSI)

Retail

Information and Communication Technology

Others

Regional Outlook (Revenue, USD Billion; 2019–2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of MEA

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Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Hybrid Cloud Market Size Worth USD 322.63 Billion in 2030

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