MarketsandMarkets estimates that the growth of the Hybrid Cloud is expected to reach approximately $84.67 billion in 2019. The report also predicts that hybrid computing will increase across all cloud infrastructure services.
A growing market
MarketsandMarkets, the market research and consulting firm, estimates that the growth of the Hybrid Cloud is expected to reach around 84.67 billion in 2019. The study looked at the global market for Hybrid Cloud in organizations and estimates that it will grow by $25.28 billion this year with a compound annual growth rate of 27.3% from 2014 to 2019.
The report, Hybrid Cloud Market by Solution (Consulting, Cloud Integration, Cloud Management, Cloud Security, and Networking), by Service Model (IAAS, PAAS, and SAAS), by Region (NA, Europe, APAC, MEA, and LA) – Global Forecast to 2019states that “This market is segmented by system and service, by deployment model, and is organized vertically and by region. The Hybrid Cloud offers excellent high-end solutions such as theintegration, cloud management, security, networking and consulting to provide highly skilled resources scalable that can be adjusted on demand. According to the study, approximately 48% of the companies surveyed intend to adopt hybrid Cloud systems and services in the near future. »
The Hybrid Cloud is driven by key factors
The adoption of Cloud Computing has been slow in recent years due to privacy and security concernssays the report. But it will grow in the coming years, according to MarketsandMarkets, as organisations will need to provide more services while controlling costs.
Organizations that choose this implementation method identified key factors in the choice of this solution such as the server virtualization, real-time resource tracking and automatic service provisioning. The report notes that there are a growing number of organizations that combine both public and private models in the management of their data, indicating that the future of the Hybrid Cloud is growing.
The report predicts that hybrid computing will increase in all cloud infrastructure services, including the consulting, integration, cloud management and security.
MarketsandMarkets, in another report, found that the rapid adoption of Cloud Computing has pushed organizations to spend more on security, which in turn offers benefits such as scalability and stability. The growing demand for services in the managed security “plays a major role in the future of the Cloud security market and they believe that the market is expected to reach more than $8.71 billion in 2019.