According to a market report by Lucintel, the future of the global Hybrid Cloud market looks promising with opportunities in the BFSI, IT & telecom, retail, manufacturing, media & entertainment, healthcare, and transportation sectors. The global hybrid cloud market is expected to reach an estimated $292.4 billion by 2030 with a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are increasing need for interoperability standards between existing systems and cloud services, rising preference for software-as-a-service (SaaS) and multi-cloud spaces, and expanding business trends toward the use of remote work and video conferencing tools.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in hybrid cloud market to 2030 by component (solutions and services), service type (hybrid hosting, cloud management, orchestration, and disaster recovery), service model (IaaS, PaaS, and SaaS), end use industry (BFSI, IT & telecom, retail, manufacturing, media & entertainment, healthcare, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, solution and service are the two major segments of hybrid cloud market by component type. Lucintel forecasts that solution is expected to witness higher growth over the forecast period due to growing acceptance of cloud-native hybrid cloud management solutions among enterpries.

Within this market, BFSI will remain the largest segment due to increasing use of hybrid cloud in this sector to enable flexibility, continous innovation, maintain improved client relationships, and adopt cost savings approach.

North America will remain the largest region due to expanding demand for cloud computing techniques among organizations and presence key players in the region.

IBM, Microsoft, Cisco Systems, AWS, Oracle, Google, VMware, Alibaba, Equinix, and Rackspace are the major suppliers in the hybrid cloud market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]