The Hybrid Cloud Global Market Report 2023, provides comprehensive information on the hybrid cloud market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global hybrid cloud market size is expected to grow from $85.66 billion in 2022 to $100.83 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hybrid cloud market size is expected to grow to $187.64 billion in 2027 at a CAGR of 16.8%.
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Technological advancement is a key trend gaining popularity in the hybrid cloud market. Major market players are developing advanced technologies to improve efficiency and scalability to sustain their position in the hybrid cloud market. For instance, in October 2022, Flexential, a US-based IT service management company, launched New Hybrid IT Options on National FlexAnywhere™ Platform with Cloud Solution Expansion at Gartner IT Symposium/Xpo™ 2022. This new platform allows Flexential customers to extend their applications and workloads beyond on-premises data centres. The hybrid cloud deployments on Flexential’s national FlexAnywhere™ footprint relieving the organisation’s burden of managing underlying infrastructure while providing superior application performance.
The hybrid cloud market is segmented:
1) By Component: Solution, Services
2) By Workload: Storage, Backup And Disaster Recovery, Application Development And Testing, Database Management, Business Analytics, Integration And Orchestration, Customer Relationship Management, Enterprise Resource Management, Cloud Collaboration And Content Management, Other Workloads
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises
4) By End-User Industry: Government and Public Sector, Healthcare, Banking, Finance, Services, and Insurance (BFSI), Retail, Information and Communication Technology, Media and Entertainment, Other End-User Industries
North America was the largest region in the hybrid cloud market in 2022.
The table of contents in TBRC’s hybrid cloud market report includes:
1. Executive Summary
2. Hybrid Cloud Market Characteristics
3. Hybrid Cloud Market Trends And Strategies
4. Hybrid Cloud Market – Macro Economic Scenario
5. Hybrid Cloud Market Size And Growth
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26. Africa Hybrid Cloud Market
27. Hybrid Cloud Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hybrid Cloud Market
29. Hybrid Cloud Market Future Outlook and Potential Analysis
30. Appendix
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