Nobody likes the term “budget-slashing,” but cost-cutting initiatives are now a reality for most businesses following the tumultuous events of this past year. The worldwide Public Cloud services market is projected to grow 17.5 per cent in 2019 to total $214.3 billion -- up from $182.4 billion in 2018, a Gartner report said on Tuesday. In 2016, the global hybrid cloud market is expected to reach 33.3 billion U.S. dollars worldwide. The statistic shows the size of the hybrid cloud market worldwide, from 2014 to 2021. Improved organizational productivity is also a key factor driving the market. [154 Pages Report] The hybrid cloud market is expected to grow from USD 44.6 billion in 2018 to USD 97.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. New hybrid and multi-cloud solutions can help put survival mode conditions under control quickly and within a budget for many companies, especially when there is a tangible business outcome at stake. What is the degree of competition in the industry. The global public cloud service market is projected to reach $266 billion in 2020 (Gartner), which spells out a projected growth of 17.3% since 2018. How has the global hybrid cloud market performed so far and how will it perform in the coming years? I cover all things cloud computing, IoT, and innovation. The 10 biggest public cloud providers will command, at a minimum, half of the total public cloud market until at least 2023. Atherton Research's Principal Analyst and Futurist Jeb Su shares his take on Gartner's latest annual market share report covering the global cloud … Hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of operations. Apart from this, due to the sudden outbreak of the COVID-19 pandemic across the globe, enterprises are adopting remote work and video conferencing tools, thereby increasing the demand for hybrid cloud systems for business continuity. Information technology (IT) budgets are classically favored cost-cutting targets – it’s tempting to grab the red pen and figure out what IT projects to delay, who gets to stay, and how much longer you can squeeze out of hardware, contracts, software, and services. New hybrid and multi-cloud solutions can help put survival mode conditions under control quickly and ... [+] within a budget for many companies, especially when there is a tangible business outcome at stake. According to Gartner, the worldwide public cloud services market is about to grow by almost 17 percent, computing to produce a gross amount of US$266.4 billion by 2020. The Evolving Market for Enterprise Storage: Hybrid Cloud, NVMe, and Software Defined Are the Next Wave. More than $1.3 trillion in IT spending will be affected by the shift to the cloud by 2022. The Global Hybrid Cloud Market was valued at USD 44.87 Billion in 2018 and is estimated to reach a market value of USD 173.33 Billion by 2025 registering a CAGR of 22.25% during the forecast period 2019–2025.. A hybrid cloud is a computing environment, which is a composition of a public and a private cloud. DUBLIN--(BUSINESS WIRE)--The "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. What is the breakup of the market based on the organization size? Most companies are in the midst of budgeting season right now, my company included. You may opt-out by. When computing and processing demand fluctuates, hybrid cloud computing gives businesses the ability to seamlessly scal… In addition to decisions that have to be made under pressure, there are countless threats, risks, and objectives to balance. What are the various stages in the value chain of the industry? “The expectations of the outcomes associated with cloud investments therefore are also higher. This is known as multicloud computing, a subset of the broader term hybrid cloud computing. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. The MarketWatch News Department was not involved in the creation of this content. In addition to his leadership roles, Emil spent more than 15 years in the IT industry developing, marketing, and managing products for Dell, RLX Technologies, and Compaq. Photo credit: Getty. The Hybrid Cloud Market was valued at USD 45.70 billion in 2019 and is expected to reach USD 128.01 billion by 2025, at a CAGR of 18.73% over the forecast period 2020 - 2025.The growth of cloud and industrialized services and the decline of traditional data center outsourcing (DCO) indicate a massive shift toward hybrid infrastructure services. The global public cloud service market is projected to reach $266 billion in 2020. Occupying the center stage – Hybrid cloud. The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. Laura Wood, Senior Press Manager BESTSELLER Cloud Migration Market - Growth, Trends, Forecasts (2020 - 2025) The Cloud Migration Market is segmented by Type of Deployment (Public, Private, and Hybrid), Enterprise Size (SMEs and Large Enterprises), Type of Service (PaaS, IaaS, and SaaS), End-user Vertical (BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing and Other End-User Vertical), and Geography. Read more about Public Cloud market to hit $183 bn in 2019: Gartner on Business Standard. A hybrid cloud is a computing environment that combines a public cloud and a private cloud by allowing data and applications to be shared between them. ... Research firm Gartner predicts that as much as 20% of business-critical applications currently deployed on three-tier IT infrastructure will transition to hyper-converged infrastructure by 2020. … What is the breakup of the market based on the service model? Emil built Rackspace’s cloud business while serving as the company’s GM of the Cloud Computing Division and, earlier at Rackspace, served as VP of the Product Group and launched the company’s private cloud and hosted exchange services. Moreover, the growing demand for agile, scalable and cost-effective computing systems is also augmenting the market growth. Gartner Glossary Information Technology Glossary H Hybrid Cloud Computing Hybrid Cloud Computing Hybrid cloud computing refers to policy-based and coordinated service provisioning, use and management across a mixture of internal and external cloud services. Hybrid cloud. Market Guide for Managed Hybrid Cloud Hosting, North America Published: 06 March 2018 ID: G00319189 Analyst(s): Craig Lowery, Ted Chamberlin, Mike Dorosh, Brandon Medford Summary Infrastructure and operations leaders considering the use of a hybrid cloud hosting provider to support their public, private and hybrid cloud infrastructure-as-a-service deployments can choose from … By: Eric Burgener Research Vice President, Infrastructure Systems, Platforms and Technologies Group, Sebastian Lagana $4,500.00 Abstract. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. St. Louis, MO – September 16, 2020: Last month, St. Louis-based US Cloud was recognized in a ground-breaking new industry report by Gartner, the world's leading information technology research and advisory company. He later moved on to HP where he served as VP of Cloud Service and initiated the company’s public cloud services. The global hybrid cloud market is expected to post a CAGR of over 18% during the period 2019-2023, according to the Technavio ... such as the market size … The market integration of hybrid cloud is gaining popularity and is thus driving the business of all sizes to adopt hybrid cloud thus fuelling the growth of the overall global hybrid cloud market. Most enterprises actually utilize both options – with 69% of them opting for a hybrid cloud solution. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Lumen Named “Visionary” in the Gartner MQ for Cloud IaaS, 2015. The Market Guide for Independent Third-Party Support is Gartner’s definitive annual report on the support ecosystem for According to a research report " Hybrid Cloud Market by Component, Service Type (Cloud Management and Orchestration, Disaster Recovery, and Hybrid Hosting), Service Model, Organization Size (SMES and Large Enterprises), Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, the global hybrid cloud market is expected to grow from USD 44.6 billion in 2018 to USD 97.6 billion by … The global cloud computing market size is expected to grow from USD 272 billion in 2018 to USD 623.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period. This is a staggering number compared to the US$227.8 billion, calculated in the previous year. What is the structure of the global hybrid cloud market and who are the key players? Gartner has positioned Lumen Cloud Services as a Visionary in the new Magic Quadrant for Cloud Infrastructure as a Service (IaaS). A hybrid approach provides a variety of benefits, such as: Companies have a duty to create operational and transformational impact for their business, employees, and clients – even when budgets are tough and slim. With the chaos caused by the events in 2020, technology leaders are all busy working out what to do, when to do it, and how to pay for their information technology budgets in 2021. Nutanix was recognized for its hyperconverged infrastructure software capabilities. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Financial survival mode is one budgetary modality that many businesses will likely face in 2021. Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate (CAGR) of 12.6%. 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