Adoption of cloud computing to enable scalability, flexibility, and cost-effectiveness of hybrid cloud solutions are factors boost the market growth.

WILMINGTON, DE, UNITED STATES, February 11, 2025 /EINPresswire.com/ -- Allied Market Research published a new report, titled, " Powering Innovation: The Evolution of the Hybrid Cloud Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The global hybrid cloud market size was valued at $96.7 billion in 2023, and is projected to reach $480.2 billion by 2033, growing at a CAGR of 17.4% from 2024 to 2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 – 427 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/256

Factors such as increase in the availability of cloud-based services, increase in the adoption of advanced technologies, and growth in usage of mobile devices drive the growth of the market. However, the cost and budget constraints and inability to integrate with internal systems are expected to hamper the growth of the global market.

The hybrid cloud market size is segmented into component, enterprise size, service model, industry vertical, and region. On the basis of component, the market is divided into solutions and services. On the basis of enterprise size, the market is bifurcated into large enterprises and small and medium-sized enterprises. On the service model, the market is divided into software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). On the basis of industry vertical, the market is divided into IT & telecom, healthcare, BFSI, retail, government, media & entertainment, transportation & logistics, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/256

By component, the solution segment accounted for the largest share in 2023, contributing more than four-fifths of the hybrid cloud market revenue, the solution segment dominated the market in terms of revenue, reflecting strong demand for integrated cloud solutions that allow businesses to leverage both private and public cloud environments effectively.

By service model, the SaaS segment accounted for the largest share in 2023, contributing more than two-fifths of the hybrid cloud market revenue, as SaaS solutions offer businesses the flexibility to access applications over the internet without the need for extensive on-premises infrastructure. This accessibility allows organizations to scale their operations quickly in response to changing business needs, making it an attractive option for companies looking to optimize their resources.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/256

By enterprise size, the large enterprises segment accounted for the largest share in 2023, contributing more than two-thirds of the hybrid cloud market revenue, which can be attributed to extensive resources, infrastructure, and scalability needs of large organizations. These benefit from hybrid cloud models to optimize workloads, enhance operational efficiency, and manage data more effectively across both private and public clouds.

By industry vertical, the BFSI segment accounted for the largest share in 2023, contributing more than one-sixth of the hybrid cloud market revenue, The BFSI sector is highly regulated and requires stringent data security measures. Hybrid cloud solutions allow financial institutions to store sensitive data on private clouds while leveraging public clouds for less sensitive operations. This balance helps meet compliance requirements and enhances security.

By region, North America held the highest market share in terms of revenue in 2023, accounting for more than one-third of the hybrid cloud market revenue. An increase in the usage of hybrid cloud in businesses to improve businesses and customer experience is anticipated to propel the growth of the market in this region.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (427 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/hybrid-cloud-market

Recent Developments in the Hybrid Cloud Industry

● In June 2024, the Department of Telecommunications (DoT) launched a new initiative aimed at aiding medium, small, and micro enterprises (MSMEs) and startups through the adoption of industry-emerging technologies.

● In March 2024, Tackle.io launched an expansion of its capabilities to operationalize and scale sales transaction workflows for independent software vendors (ISVs) selling through Google Cloud Marketplace. This strategic initiative further helps in propelling the solution segment in the global hybrid cloud market.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

𝑶𝒕𝒉𝒆𝒓 𝑻𝒓𝒆𝒏𝒅𝒊𝒏𝒈 𝑹𝒆𝒑𝒐𝒓𝒕𝒔:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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