Published by maria gbaf
Posted on November 8, 2021
5 min readLast updated: January 28, 2026
The hybrid cloud market is set to grow significantly, driven by technological advancements and increased demand due to COVID-19, with a forecasted CAGR of 17.6% by 2026.
The global hybrid cloud market reached a value of US$ 49.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 17.6% during 2021-2026.
A hybrid cloud is a computational environment that uses a public and a private cloud to allow data and applications to be shared between them. It enables businesses to seamlessly scale their on-site infrastructure to the public cloud to handle any overflow. This enables them to meet any fluctuations in computing and processing demands without allowing third-party data centers to access their data. Hybrid cloud solutions are gaining momentum worldwide as they enable organizations to gain public cloud versatility and computing resources for primary and non-sensitive computing tasks while keeping business-critical applications and data on-premises, safely behind a company firewall.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Hybrid Cloud Market Trends:
Hybrid cloud computing offers numerous benefits, such as flexibility, scalability, and cost-efficiency, with low data exposure risk. On account of these advantages, several organizations are shifting toward hybrid cloud solutions to achieve security of data and large storage spaces to reduce their capital expenditure and enhance capabilities through digitizing their infrastructure. Due to the spread of the coronavirus disease (COVID-19) worldwide, businesses are embracing remote work and video conferencing technologies, which, in turn, is escalating the demand for hybrid cloud systems for business continuity. Furthermore, technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also enhancing the functioning of hybrid cloud systems, thereby providing a positive outlook for the market. Moreover, the leading companies are developing advanced hybrid cloud services to support next-generation workloads in latency-sensitive, bandwidth-intensive, and data transfer-heavy applications.
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Global Hybrid Cloud Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 Inc.The report has segmented the market on the basis on region, type, technology and application.
The report has segmented the market on the basis on region, component, service, service type, service model, organization size and vertical.
Breakup by Component:
Breakup by Service:
Breakup by Service Type:
Breakup by Service Model:
Breakup by Organization Size:
Breakup by Vertical:
Breakup by Region:
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Key highlights of the report:
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The article discusses the global hybrid cloud market, its trends, growth, and forecast from 2021 to 2026.
Hybrid cloud offers flexibility, scalability, cost-efficiency, and low data exposure risk, making it attractive for businesses.
COVID-19 has increased the demand for hybrid cloud solutions as businesses adopt remote work and video conferencing technologies.
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