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The global hybrid cloud market was valued at US$ 85.3 Billion in 2021.
We expect the global hybrid cloud market to exhibit a CAGR of 19.63% during 2022-2027.
The widespread adoption of cloud-computing services, coupled with the rising usage of hybrid cloud
among numerous organizations to maintain control over data and provide enhanced scalability of
operations, is primarily driving the global hybrid cloud market.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for hybrid cloud systems
for business continuity, on account of the increasing adoption of remote working models and utilization
of various video conferencing tools.
Based on the component, the global hybrid cloud market has been segmented into solutions and
services. Currently, solutions hold the majority of the total market share.
Based on the service, the global hybrid cloud market can be divided into professional services and
managed services, where managed services exhibit a clear dominance in the market.
Based on the service type, the global hybrid cloud market has been categorized into cloud management
and orchestration, disaster recovery, and hybrid hosting. Among these, hybrid hosting accounts for the
majority of the global market share.
Based on the service model, the global hybrid cloud market can be segregated into infrastructure as a
service, platform as a service, and software as a service, where software as a service currently holds the
largest market share.
Based on the organization size, the global hybrid cloud market has been bifurcated into small
enterprises, medium enterprises, and large enterprises. Currently, small and medium enterprises exhibit
a clear dominance in the market.
Based on the vertical, the global hybrid cloud market can be segmented into government and public
sector, healthcare, Banking, Finance, Services and Insurance (BFSI), retail, information and
communication technology, manufacturing, and others. Among these, the Banking, Finance, Services
and Insurance (BFSI) sector holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global hybrid cloud market include Alibaba Group Holding Limited,
Amazon Inc., Century Link Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., DXC
Technology Company, Fujitsu Ltd. (Furukawa Group), Google (Alphabet Inc.), Hewlett Packard Enterprise
Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Inc., and VMWare
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