Market Snapshot. DUBLIN--(BUSINESS WIRE)--The "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has … Gartner has positioned Lumen Cloud Services as a Visionary in the new Magic Quadrant for Cloud Infrastructure as a Service (IaaS). According to a research report " Hybrid Cloud Market by Component, Service Type (Cloud Management and Orchestration, Disaster Recovery, and Hybrid Hosting), Service Model, Organization Size (SMES and Large Enterprises), Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, the global hybrid cloud market is expected to grow from USD 44.6 billion in 2018 to USD 97.6 billion by … Cloud technologies are suddenly the foundation for nearly every facet of the American economy. A hybrid cloud is a computing environment that combines a public cloud and a private cloud by allowing data and applications to be shared between them. What is the breakup of the market based on the organization size? The global public cloud service market is projected to reach $266 billion in 2020 (Gartner), which spells out a projected growth of 17.3% since 2018. The simplicity and instant availability of cloud technologies provide a significant advantage for businesses that urgently need solutions. By: Eric Burgener Research Vice President, Infrastructure Systems, Platforms and Technologies Group, Sebastian Lagana $4,500.00 Abstract. However, the technology industry is always striving to do more things better with less. For GMT Office Hours Call +353-1-416-8900, "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", https://www.researchandmarkets.com/r/mnmc5k. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. What is the degree of competition in the industry. Emil built Rackspace’s cloud business while serving as the company’s GM of the Cloud Computing Division and, earlier at Rackspace, served as VP of the Product Group and launched the company’s private cloud and hosted exchange services. In other words, the cloud enables companies to have what they need when they need it – all at an affordable cost. The statistic shows the size of the hybrid cloud market worldwide, from 2014 to 2021. Financial survival mode is one budgetary modality that many businesses will likely face in 2021. The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 11.3 Banking, Finance, Services and Insurance (BFSI), 11.5 Information and Communication Technology, For more information about this report visit https://www.researchandmarkets.com/r/mnmc5k, ResearchAndMarkets.com The Hybrid Cloud Market was valued at USD 45.70 billion in 2019 and is expected to reach USD 128.01 billion by 2025, at a CAGR of 18.73% over the forecast period 2020 - 2025.The growth of cloud and industrialized services and the decline of traditional data center outsourcing (DCO) indicate a massive shift toward hybrid infrastructure services. Get more information on this report: Request Sample Pages. Teradata’s unique hybrid and multi-cloud offerings have become critical differentiators in the Cloud Database Management Systems market. A hybrid approach provides a variety of benefits, such as: Companies have a duty to create operational and transformational impact for their business, employees, and clients – even when budgets are tough and slim. The global hybrid cloud market is expected to post a CAGR of over 18% during the period 2019-2023, according to the Technavio ... such as the market size … President and CEO of Ntirety, a global managed cloud services provider. Budget issues don’t have to inhibit tech evolution; they can accelerate business outcomes and mark the starting point for the tech revolution. Nobody likes the term “budget-slashing,” but cost-cutting initiatives are now a reality for most businesses following the tumultuous events of this past year. The market integration of hybrid cloud is gaining popularity and is thus driving the business of all sizes to adopt hybrid cloud thus fuelling the growth of the overall global hybrid cloud market. While the market grew 21.1 percent year over year, IDC expects that traditional non-cloud IT infrastructure for the year will grow by only 10.3 percent and start to wind down by 2019. Businesses now rely on cloud computing, hybrid, and multi-cloud solutions to address essential needs, including security, resiliency, flexibility, and costs. Most companies are in the midst of budgeting season right now, my company included. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Rapid digitization, along with the widespread adoption of cloud-computing services, is one of the key factors driving the growth of the market. Opinions expressed by Forbes Contributors are their own. Nutanix was recognized for its hyperconverged infrastructure software capabilities. He later moved on to HP where he served as VP of Cloud Service and initiated the company’s public cloud services. Of all, the hybrid cloud holds the largest share in the market and private cloud is anticipated to grow at the fastest rate during the forecast period. AWS has expanded well beyond cloud compute and storage. ... Research firm Gartner predicts that as much as 20% of business-critical applications currently deployed on three-tier IT infrastructure will transition to hyper-converged infrastructure by 2020. Occupying the center stage – Hybrid cloud. I cover all things cloud computing, IoT, and innovation. Lumen Named “Visionary” in the Gartner MQ for Cloud IaaS, 2015. There are always costs to control, new regulations, and plans to adhere to, and cybersecurity risks to manage. The global hybrid cloud market grew at a CAGR of around 20% during 2014-2019. The cloud infrastructure is made available to the general public or a large industry group and is owned by an organisation selling cloud services.\r Organizations that manage computing costs with hybrid solutions will gain visibility over all of their computing assets, creating a more secure cloud toolbox and secure business future. With the chaos caused by the events in 2020, technology leaders are all busy working out what to do, when to do it, and how to pay for their information technology budgets in 2021. Nutanix (NASDAQ: NTNX), a leader in private cloud, hybrid and multicloud computing, today announced it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. Photo credit: Getty. Given those precursors, there are still financial realities that must be addressed in a world gone astray from the “norm.” Not all companies survived the economic shutdown and even those that did survive probably don’t look the same. Hybrid cloud. As we look ahead to 2021, this is just another year for the cloud, and further embracing the cloud could be the ticket to IT budget success. What is the breakup of the market based on the vertical? The global hybrid cloud market size was valued at $36,138 million in 2017, and is projected to reach $171,926 million by 2025, growing at a CAGR of 21.7% from 2018 to 2025. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… © 2020 Forbes Media LLC. This is known as multicloud computing, a subset of the broader term hybrid cloud computing. Atherton Research's Principal Analyst and Futurist Jeb Su shares his take on Gartner's latest annual market share report covering the global cloud … What is the breakup of the market based on the service? You may opt-out by. The Evolving Market for Enterprise Storage: Hybrid Cloud, NVMe, and Software Defined Are the Next Wave. Gartner Glossary Information Technology Glossary H Hybrid Cloud Computing Hybrid Cloud Computing Hybrid cloud computing refers to policy-based and coordinated service provisioning, use and management across a mixture of internal and external cloud services. Hybrid cloud definitions have varied through the years, largely because vendors coined the term and chose what it did and did not relate to. “The expectations of the outcomes associated with cloud investments therefore are also higher. Improved organizational productivity is also a key factor driving the market. Most enterprises actually utilize both options – with 69% of them opting for a hybrid cloud solution. Moreover, the growing demand for agile, scalable and cost-effective computing systems is also augmenting the market growth. Other factors, including increasing adoption of Software-as-a-Service (SaaS) and multi-cloud spaces, along with improvements in the IT infrastructure, are expected to drive the market further. What is the breakup of the market based on the service type? For businesses facing budget cuts, it is time to embrace a secure multi-cloud focused future. Laura Wood, Senior Press Manager 45%. The total size of the IaaS public cloud services market grew 31.3 per cent in 2018, according to Gartner. Amazon commands around three times the revenue of Microsoft, its nearest IaaS rival, but despite growing its revenue its market share dropped slightly, from … The global public cloud service market is projected to reach $266 billion in 2020 (Gartner), which spells out a projected growth of 17.3% since 2018. press@researchandmarkets.com Looking forward, the publisher expects the global hybrid cloud market to continue its double-digit growth during the next five years. Sep 30, 2020 (Market Insight Reports) -- The Hybrid Cloud Market report is … The worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, up from $227.8 billion in 2019, according to Gartner, Inc. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president at Gartner. Get deep insight on where cloud infrastructure is headed, a detailed analysis of vendors, and Gartner's review of major market and industry trends. The cloud is everywhere, from television entertainment platforms to mobile phone applications and e-commerce delivery services. All Rights Reserved, This is a BETA experience. The global public cloud service market is projected to reach $266 billion in 2020. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. In addition to decisions that have to be made under pressure, there are countless threats, risks, and objectives to balance. Hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of operations. What is the breakup of the market based on the service model? … Apart from this, due to the sudden outbreak of the COVID-19 pandemic across the globe, enterprises are adopting remote work and video conferencing tools, thereby increasing the demand for hybrid cloud systems for business continuity. What has been the impact of COVID-19 on the global hybrid cloud market? The worldwide Public Cloud services market is projected to grow 17.5 per cent in 2019 to total $214.3 billion -- up from $182.4 billion in 2018, a Gartner report said on Tuesday. [154 Pages Report] The hybrid cloud market is expected to grow from USD 44.6 billion in 2018 to USD 97.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. According to Gartner, the worldwide public cloud services market is about to grow by almost 17 percent, computing to produce a gross amount of US$266.4 billion by 2020. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Allowing organizations to right-size their IT environment to minimize waste and overhead costs by creating a custom blend of cloud solutions and dedicated infrastructure, Providing a better solution to support legacy applications on dedicated systems while still being able to take advantage of advanced IT functionality and cloud services, like machine learning, Granting a more gradual upgrade path to migrate applications ready to operate in the cloud while maintaining hardware for more complex or hard-to-rebuild legacy components, instead of the “lift-and-shift” method. The Market Guide for Independent Third-Party Support is Gartner’s definitive annual report on the support ecosystem for This is a staggering number compared to the US$227.8 billion, calculated in the previous year. For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 What are the various stages in the value chain of the industry? In addition to his leadership roles, Emil spent more than 15 years in the IT industry developing, marketing, and managing products for Dell, RLX Technologies, and Compaq. He is an early pioneer of Cloud Computing, recognized as. Various technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also contributing to the market growth. In 2016, the global hybrid cloud market is expected to reach 33.3 billion U.S. dollars worldwide. Global public cloud market size in 2020. within a budget for many companies, especially when there is a tangible business outcome at stake. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. DUBLIN--(BUSINESS WIRE)--The "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. 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