The global market for hybrid cloud technologies should reach $98.8 billion by 2022 from $39.6 billion in 2017 at a compound annual growth rate (CAGR) of 20.1% for the period of 2017-2022.
Albany, NY -- (SBWIRE) -- 05/29/2018 -- Emergence of DraaS (disaster recovery system) and the need to establish co-ordination among organizations has led to increased use of hybrid cloud technologies across all industries. Efficient data management with the aid of limited resources has contributed significantly towards the growth of global hybrid cloud technologies market. In its recently added report titled, 'Hybrid Cloud Technologies: Global Markets Through 2022', Market Research Hub (MRH) presents detailed insights on the impact recent market trends and developments on the growth of the market.
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Digital Transformation Paves the Way for Hybrid Cloud
Companies are fast adopting hybrid cloud systems to streamline operations and limit expenses on scalability, security, and deployment. To manage large volumes of data, end-users are adopting cloud technologies that provide adequate BasS (Back up as a service) and DRaaS as core services. Manufacturers are integrating resources and efforts to produce well integrated private and public cloud systems to offer efficient hybrid clouds in order to meet diverse industry demands. To retain loyal customers and attract prospective ones, companies are incorporating innovations that can upgrade user experience.
To address the concern of consistent network and interconnectivity in the hybrid cloud environment, companies are introducing novel features. In a recent announcement VMware, Inc. disclosed about its latest venture on Virtual Cloud Network, NSX Hybrid, to improve networking. It is aimed at providing end-users with a software fabric that is efficient, consistent and secure. It will also establish interconnectivity between data centers and clouds, besides ensuring flexibility of access and control.
Owing to digital transformation and the rapid shift to cloud computing by end-users, manufacturers are implementing business tactics that can secure their position in the market. A recent report discloses about Microsoft's major acquisition of Avere Systems. The latter is a leading storage solutions provider for cloud, public and private environments. With this deal, Microsoft envisions to get a strong foothold in the enterprise storage system thereby addressing more end-users belonging to varied industries such as lifescience, education, media, finance, and oil and gas among others.
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In-depth information compiled in the report presents vital details related to the impact of growth of various segments on the market. In this section, the report portrays important segments of the market, which include, solutions, service model, organization size, industry vertical, and geography. On the basis of solutions the market is segmented as cloud management and orchestration, disaster recovery, security and compliance, and hybrid hosting. Based on service model the market is segmented as software as a Service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). On the basis of organization size the market is segmented as small and medium enterprises (SMEs) and large enterprises. Based on industry vertical the market is segmented as banking, financial services & insurance (bfsi), IT & telecommunication, healthcare, manufacturing, government, education, energy & utilities, media and entertainment, and others. Banking on the insights summarized in the report, readers can comprehend the segments that are triggering maximum revenues in the market and the impact these have on the market.
Besides the segmentation, the report is presents various segments based on regions. On the basis of geographical segmentation, the market is segmented as Europe, North America, Asia-Pacific and Rest of World (RoW). The report details about the major policies and strategies practiced by major companies in different regions. These insights offer guidelines to leading companies about the recent trends and developments. Companies on the basis of these insights can formulate accurate business plans and investment decisions.
Key Players Identified in Hybrid Cloud Technologies Market
Vital inferences summarized in the report highlights detailed information on various business strategies adopted by leading firms and its impact on the purchase decisions of customers. Key players and new entrants can infer accurate deductions from the report and make significant business policies and core investment decisions. Some of the leading companies identified in the market include, VMware, Inc., Amazon Web Services, Inc., Microsoft Corp., Hewlett Packard Enterprise, IBM and Google among others.
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