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A hybrid cloud is a cloud computing environment that combines both private and public cloud services. It comprises mixed computing, storage, on premise infrastructure, and many others across private and public clouds. It bridges the gap between private and public cloud services. The hybrid cloud architecture consists of three types of services, Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS).
Public clouds are helpful for offices with front-end workloads, whereas, a private cloud is beneficial for critical works where security and privacy are the primary concerns. Thus, a hybrid cloud allows the usage of both features, making it a better environment to work for enterprises. A well-built hybrid cloud can ensure enough capacity to meet the demands, implement work efficiency, clarify critical operations, and reduce costs. Furthermore, it allows the user to create and modify the infrastructural requirements by themselves, which, in turn, helps improve the system's speed and efficiency.
Fast-growing digitization and acceptance of cloud computing worldwide are the factors for the growth of hybrid cloud computing. To meet business needs, significant industry players are shifting toward digitization with the help of hybrid cloud computing. By modernizing IT infrastructure and adopting digitization, even small-scale businesses are going for hybrid cloud computing for better market growth.
The worldwide outbreak of COVID-19 is the reason for the faster adoption of digitization, such as remote working, use of online video conferencing tools, and the creation of virtual platforms, eventually growing the demand for hybrid cloud.
For instance, in May 2019, Amazon Web Services (AWS) collaborated with VMware in India to deliver digital support for its customer base. Thus, the use of cloud computing will have a positive impact on future market growth.
According to a survey by Nutanix, a cloud infrastructure firm, 63% of Indian businesses raised their investment in the hybrid cloud market due to the pandemic. Worldwide, the percentage was 46%, based on a survey of 3,400 IT specialists. The primary factors found to be reasonable control over IT services, faster speed to meet business requirements, and better customer-centricity.
The report will cover the following key insights:
The acceptance of the SaaS delivery model is increasing among enterprises because of its affordable pricing, faster implementation, and smooth maintenance. Firms are shifting their operations toward cloud-based services, with most applications on the SaaS platform. The pay-as-you-go model of SaaS gives enterprises more flexibility and substitutes. The primary role of the SaaS model is to expand its reach to a vast audience and work collaboratively on the primary data and analytics, eventually increasing the demand for SaaS offerings across the globe.
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The hybrid cloud market is divided into five regions, North America, South America, the Middle East & Africa, Asia Pacific, and Europe.
North America is the dominating the hybrid cloud market due to its more substantial development of machine learning, Big Data analytics, the Internet of Things (IoT), and new technological developments. Large tech giants, such as VMware Inc. and IBM, broadcasted new offerings to encourage hybrid cloud adoption.
For instance, HudsonAlpha, one of the prominent players in North America, received funding from the government for testing new theories. By this, it can do faster tests using the public cloud without relying on private cloud services.
The distribution of the global hybrid market by region is as follows:
The report will include key players such as IBM, Amazon Web Services (AWS), CISCO Systems Inc., Citirx Systems Inc., Microsoft, Google, Splunk Inc., BlackStratus, McAfee (Intel), AlienVault, Micro Focus International, Oracle Corporation, Fujitsu Ltd, Dell Technologies Inc, Rackspace Inc, Siemens, NetApp, Atos SE, General Electrics, Hewlett Packard Enterprise Development LP, and others.
By Service Model
By Enterprise Type
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