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Hybrid Cloud Market 2021 Growth Forecast: 22.5% CAGR Led by North America
Growing demand of organizations for agile, scalable and cost effective cloud computing solutions is pushing hybrid cloud market and North America is expected to hold the largest market share followed by Europe according to this new research report. It for
By: PR Newswire
May. 3, 2016 06:51 PM
PUNE, India, May 3, 2016 /PRNewswire-iReach/ -- The report studies the hybrid cloud market on the basis of various solutions which includes cloud management and orchestration, disaster recovery, security and compliance, and hybrid hosting. The disaster recovery solution is expected to grow at the highest CAGR during the forecast period. The disaster recovery solution enables the backup and recovery of data and applications on secondary storages or infrastructure. Hence, companies are deploying hybrid cloud solutions to leverage many benefits that solutions offer. Complete report on hybrid cloud market spread across 139 pages, profiling 10 companies and supported with 64 tables and 48 figures is now available at http://www.rnrmarketresearch.com/hybrid-cloud-market-by-delivery-models-saas-paas-iaas-by-cloud-management-cloud-bursting-cloud-orchestration-by-cloud-security-network-security-data-security-physical-security-global-adv-market-report.html.
The hybrid cloud market in North America is expected to hold the largest market share, followed by Europe. However, the market in Asia-Pacific (APAC) is expected to grow at the highest CAGR. The major factor contributing to the high growth of the hybrid cloud market in APAC is the increasing utilization of data centers and cloud services and increasing trend of large enterprises combining private and public operations for hybrid cloud computing in the region.
Factors such as rising need of standards for interoperability between cloud services and existing systems, increasing demand to avoid vendor lock-in, and increasing digital services and their applications are contributing towards the significant growth of the hybrid cloud market. Organizations are deploying cloud-based solutions to overcome business challenges that are difficult to address with traditional IT infrastructure. Moreover, cost effectiveness of hybrid cloud solutions and services is driving this market.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (20%), Tier 2 (30%) and Tier 3 (50%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (25%), Director Level (35%) and others (40%) from various key organizations operating in the global hybrid cloud market. The primary interviews were conducted worldwide covering regions such as North America (52%), Europe (23%), APAC (15%), and RoW (10%).
The key players in the hybrid cloud market include Hewlett Packard Enterprise, Microsoft Corporation, International Business Machines Corporation, Cisco Systems, Equinix, Inc., Oracle Corporation, Vmware, Inc., Citrix Systems, Rackspace Hosting, Inc. and Amazon Web Services. Other major vendors in the hybrid cloud market include Terago Networks, Inc., Dell, Inc., Panzura, Vmturbo, Google, Inc., Rightscale, Inc. and Verizon Communications, Inc. (Terremark). Priced at $4650 for a single user PDF, a discount on "Hybrid Cloud Market by Solution (Cloud Management and Orchestration, Disaster Recovery, Security and Compliance, and Hybrid Hosting), by Service (Professional Services and Managed Services), by Service Model (IaaS, PaaS, and SaaS) - Global Forecast to 2021" research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=111360.
On a related note, another research titled Cloud Communication Platform Market Global Forecast to 2021 says, the cloud communication platform market is estimated to reach USD 4.45 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 26.8% from 2016 to 2021. The cloud communication platform market in North America is expected to hold the largest market share, followed by Europe. However, the market in Asia-Pacific (APAC) is expected to grow at the highest CAGR. Companies like 8x8, Inc.; Avaya, Inc.; Cisco Systems, Inc.; Twilio, Inc.; NetFortris; West IP Communication, Inc.; Telestax; Plivo; CallFire; and Nexmo have been profiled in this 164 pages research report available at http://www.rnrmarketresearch.com/cloud-communication-platform-market-by-solution-and-service-ucc-ucaas-webrtc-voip-ivr-api-reporting-and-analytics-and-training-and-consulting-support-and-maintenance-service-and-managed-service-global-fo-st-to-2021-market-report.html.
Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication.
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