Hybrid cloud is a cloud computing model that combines private cloud with one or more public cloud services, where various resources are orchestrated to work seamlessly together to meet different business needs. Hybrid cloud enables the sharing of data and applications between private and public clouds, providing flexible, reliable, and secure computing resources and services.
Overview of Market Development
Hybrid cloud combines the advantages of public and private clouds to compensate for their respective shortcomings, providing enterprises with more flexible and reliable cloud computing solutions. At present, hybrid cloud has become the main form of enterprise cloud use, especially in various application scenarios such as development testing and data backup.
In recent years, the global hybrid cloud market has developed rapidly and has broad prospects. According to our research data, the estimated revenue scale of the global hybrid cloud market in 2024 is $118.402 billion, an increase of 21.37% compared to 2023, and is expected to continue to increase to $308.85 billion by 2029. The CAGR for 2024-2029 is estimated to be 21.14%.
Segmented Market Analysis
In terms of types, the hybrid cloud market can be divided into two main parts: solutions and services. Among them, the solution segmentation segment dominates the market, with an estimated market share of 68.48% in 2024.
From the perspective of downstream application patterns, hybrid cloud is widely used in government and public sectors, healthcare, BFSI, retail, information and telecommunications technology, as well as media and entertainment. Among them, the government and public sector is the largest downstream application market, with an estimated application share of 27.04% in 2024.
Global Hybrid Cloud Market Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, the global hybrid cloud market is dominated by three major regions: North America, Europe, and Asia Pacific. Among them, North America is the largest revenue market. According to the data, the estimated revenue of the North American hybrid cloud market in 2024 is $55.37 billion, and the revenue share is expected to reach 46.76%; The European and Asia Pacific markets are expected to rank second and third with revenue shares of 27.91% and 22.63%, respectively.
Global Hybrid Cloud Market Revenue and Revenue Share by Region Forecast in 2024
Regions
|
Market Revenue (Billion USD)
|
Revenue Share
|
North America
|
55.37
|
46.76%
|
Europe
|
33.05
|
27.91%
|
Asia Pacific
|
26.79
|
22.63%
|
South America
|
2.17
|
1.83%
|
Middle East & Africa
|
1.02
|
0.86%
|
Source: www.globalmarketmonitor.com
Prospect Trend Analysis
Technological innovation: Developing efficient and secure hybrid cloud migration solutions has become a technological focus.
Policy impact: The regulatory requirements for data security and privacy protection in multiple countries around the world will affect market compliance.
Intelligent development: The landing of artificial intelligence and large-scale model technology will drive the cloud service market towards higher levels of intelligence and automation.