The report "Global Hybrid Cloud Market, By Component (Solution and Services), By Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), By Organization Size (Large Enterprises and Small and medium-sized enterprises), By Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Telecommunications and Information Technology (IT), Healthcare and Life sciences, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. Rapid digitalization is leading to rising internet penetration in developing countries and increasing adoption from the commercial sector for cost-effective cloud services with easy-to-access and high-security features are major factors driving the growth of the global hybrid cloud market. Additionally, growing demand from various industry verticals such as retail, telecommunication, and public and government sector is another factor projected to boost the growth of the target market. Moreover, the growing adoption of these cloud services from clinics and hospitals to deliver affordable and quality services to the patients is another factor expected to further propel the growth of the global market over the forecast period. Nevertheless, growing investment by major players operating in the sector is anticipated to create lucrative growth opportunities in terms of revenue for companies operating in the target market shortly.

Key Highlights:

In March 2018, EQUINIX INC. announced the launch of Equinix SmartKey, a global key management and encryption software-as-a-service (SaaS) offering. It simplifies data protection across any cloud or destination. This service leverages Equinix's globally interconnected platform of more than 190 International Business Exchange (IBX®) data centres in 48 markets
In September 2018, Amazon Web Services and VMware partnered to offer Amazon RDS on VMware. The service helps the customers to deploy the public cloud-native database in their on-premises VMware-based data centres.
Key Market Insights from the report:

The global hybrid cloud market accounted for US$ 7. 52.16 billion in 2020 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on the component, service model, organization size, industry vertical, and region.

By component, solutions estimated for the largest share of 74.21% in 2018, services are projected to register the fastest CAGR of 25.07% over the forecast period.
By service model, the global market is classified into infrastructure-as-a-service, platform-as-a-service, software-as-a-service
By organization size, the global market is classified into large enterprises, small and medium-sized enterprises
By industrial vertical, BFSI industry dominated the market with a share of 26.40% in 2018, followed by ICT and government with 21.88% and 15.01% respectively.
By region, North America dominated the market with the largest share of 34.74% in 2018, Asia-Pacific is expected to register the fastest CAGR of 22.51% over the forecast period.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Hybrid Cloud Market”, By Component (Solution and Services), By Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), By Organization Size (Large Enterprises, Small and medium-sized enterprises), By Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Telecommunications and Information Technology (IT), Healthcare and Life sciences, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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The prominent player operating in the global hybrid cloud market includes Cisco Systems, Inc., International Business Machines Corporation Company, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc., Google LLC, VMware, Inc., Alibaba Group Holding Limited, Equinix, Inc., and Rackspace US, Inc.

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