How big is the Hybrid Cloud Market?

The Hybrid Cloud Market size is expected to reach USD 129.68 billion in 2024 and grow at a CAGR of 22.12% to reach USD 352.28 billion by 2029. Read More

What is the current Hybrid Cloud Market size?

In 2024, the Hybrid Cloud Market size is expected to reach USD 129.68 billion. Read More

Which is the fastest growing region in Hybrid Cloud Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hybrid Cloud Market?

In 2024, the North America accounts for the largest market share in Hybrid Cloud Market. Read More

What years does this Hybrid Cloud Market cover, and what was the market size in 2023?

In 2023, the Hybrid Cloud Market size was estimated at USD 100.99 billion. The report covers the Hybrid Cloud Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hybrid Cloud Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What challenges face the Hybrid Cloud Market?

The key challenges of the Hybrid Cloud Market are: a) Data security and privacy concerns b) Complexities in cloud management, and c) Need for skilled professionals to manage hybrid cloud environments Read More

Hybrid Cloud Market - Share, Size, Growth & Forecast

Hybrid Cloud Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Offers Hybrid Cloud Market Analysis and is Segmented by Type (Solutions, Services), End-User Industry (Government and Public Sector, Healthcare, BFSI, Retail, Information and Communication Technology, Media and Entertainment), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

Hybrid Cloud Industry Overview

The hybrid cloud industry is highly fragmented, with multiple significant competitors. Few major firms presently dominate the industry in terms of market share. These market leaders are concentrating on growing their consumer base in overseas nations. These businesses use collaborative strategic efforts to expand their market share and profitability. Companies in the industry are also purchasing start-ups focused on hybrid cloud computing technologies to boost their product abilities. Some key market players are Cisco Systems Inc., Hewlett-Packard Enterprise Company, Amazon Web Services (Amazon Inc.), Accenture PLC, and IBM Corporation, among others.

In March 2023, Flexera announced the general availability of Flexera One FinOps. This solution helps in strengthening an enterprise's FinOps and central cloud teams while enhancing the convergence of IT asset management (ITAM) and FinOps, empowering enterprises to significantly improve the way they view and allocate cloud usage and charging, effectively manage hybrid IT estates on a large scale, and be able to operate their own private cloud.
In March 2023, NTT Communications Corporation announced the launch of efforts involving digital humans and the virtual world as part of its business co-creation program, "OPEN HUB for Smart World," with the goal of broadening possibilities for all people, including those with workplace or time constraints. It plans to encourage solutions to address problems such as Japan's declining labor force participation.