The company is also positioned furthest to the top, as compared to all vendors. 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 … © 2020 Forbes Media LLC. press@researchandmarkets.com In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. The total size of the IaaS public cloud services market grew 31.3 per cent in 2018, according to Gartner. 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. Improved organizational productivity is also a key factor driving the market. Most companies are in the midst of budgeting season right now, my company included. Get more information on this report: Request Sample Pages. President and CEO of Ntirety, a global managed cloud services provider. Financial survival mode is one budgetary modality that many businesses will likely face in 2021. For U.S./CAN Toll Free Call 1-800-526-8630 Amazon commands around three times the revenue of Microsoft, its nearest IaaS rival, but despite growing its revenue its market share dropped slightly, from … All Rights Reserved, This is a BETA experience. You may opt-out by. What is the breakup of the market based on the vertical? AWS has expanded well beyond cloud compute and storage. 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. 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. Photo credit: Getty. More than $1.3 trillion in IT spending will be affected by the shift to the cloud by 2022. 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. … What is the structure of the global hybrid cloud market and who are the key players? 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. Occupying the center stage – Hybrid cloud. The US is the most significant public cloud market with projected spending of $124.6 billion in 2019. By: Eric Burgener Research Vice President, Infrastructure Systems, Platforms and Technologies Group, Sebastian Lagana $4,500.00 Abstract. Most enterprises actually utilize both options – with 69% of them opting for a hybrid cloud solution. 45%. However, the technology industry is always striving to do more things better with less. In fact, most enterprise adopters of public cloud services use multiple providers. 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. He is an early pioneer of Cloud Computing, recognized as one of the industry’s cloud visionaries and "fathers of OpenStack," having launched and led successful cloud computing and hosting businesses for HP and Rackspace. The worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, up from $227.8 billion in 2019, according to Gartner, Inc. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president at Gartner. 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. Teradata’s unique hybrid and multi-cloud offerings have become critical differentiators in the Cloud Database Management Systems market. 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 public cloud service market is projected to reach $266 billion in 2020 (Gartner), which spells out a projected growth of 17.3% since 2018. Today, however, the definition of hybrid cloud architecture is firmer: Hybrid Cloud 1. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Hybrid cloud. He later moved on to HP where he served as VP of Cloud Service and initiated the company’s public cloud services. Rapid digitization, along with the widespread adoption of cloud-computing services, is one of the key factors driving the growth of the market. (Source: Gartner) … The MarketWatch News Department was not involved in the creation of this content. He is an early pioneer of Cloud Computing, recognized as. This is known as multicloud computing, a subset of the broader term hybrid cloud computing. Opinions expressed by Forbes Contributors are their own. 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. Nutanix (NASDAQ: NTNX), a leader in private cloud, hybrid and multicloud computing, today announced it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. The global hybrid cloud market grew at a CAGR of around 20% during 2014-2019. Moreover, the growing demand for agile, scalable and cost-effective computing systems is also augmenting the market growth. Gartner is the world’s leading research and advisory company. The simplicity and instant availability of cloud technologies provide a significant advantage for businesses that urgently need solutions. 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. The global public cloud service market is projected to reach $266 billion in 2020. There are always costs to control, new regulations, and plans to adhere to, and cybersecurity risks to manage. In other words, the cloud enables companies to have what they need when they need it – all at an affordable cost. Global public cloud market size in 2020. Given those precursors, there are still financial realities that must be addressed in a world gone astray from the “norm.” Not all companies survived the economic shutdown and even those that did survive probably don’t look the same. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. The global hybrid cloud market size was valued at $36,138 million in 2017, and is projected to reach $171,926 million by 2025, growing at a CAGR of 21.7% from 2018 to 2025. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. The Evolving Market for Enterprise Storage: Hybrid Cloud, NVMe, and Software Defined Are the Next Wave. In addition to decisions that have to be made under pressure, there are countless threats, risks, and objectives to balance. 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 … 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. The cloud infrastructure is made available to the general public or a large industry group and is owned by an organisation selling cloud services.\r 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. 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. 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. Sep 30, 2020 (Market Insight Reports) -- The Hybrid Cloud Market report is … Cloud technologies are suddenly the foundation for nearly every facet of the American economy. What is the breakup of the market based on the component? What is the degree of competition in the industry. How has the global hybrid cloud market performed so far and how will it perform in the coming years? Various technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), machine learning (ML) and edge computing, are also contributing to the market growth. 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. Get deep insight on where cloud infrastructure is headed, a detailed analysis of vendors, and Gartner's review of major market and industry trends. Looking forward, the publisher expects the global hybrid cloud market to continue its double-digit growth during the next five years. 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. [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. 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. Lumen Named “Visionary” in the Gartner MQ for Cloud IaaS, 2015. What has been the impact of COVID-19 on the global hybrid cloud market? “The expectations of the outcomes associated with cloud investments therefore are also higher. 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. of businesses use hybrid cloud. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Allowing organizations to right-size their IT environment to minimize waste and overhead costs by creating a custom blend of cloud solutions and dedicated infrastructure, Providing a better solution to support legacy applications on dedicated systems while still being able to take advantage of advanced IT functionality and cloud services, like machine learning, Granting a more gradual upgrade path to migrate applications ready to operate in the cloud while maintaining hardware for more complex or hard-to-rebuild legacy components, instead of the “lift-and-shift” method. For GMT Office Hours Call +353-1-416-8900, "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", https://www.researchandmarkets.com/r/mnmc5k. For E.S.T Office Hours Call 1-917-300-0470 What is the breakup of the market based on the organization size? He holds nine patents. 11.3 Banking, Finance, Services and Insurance (BFSI), 11.5 Information and Communication Technology, For more information about this report visit https://www.researchandmarkets.com/r/mnmc5k, ResearchAndMarkets.com 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. As we look ahead to 2021, this is just another year for the cloud, and further embracing the cloud could be the ticket to IT budget success. What are the various stages in the value chain of the industry? 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. What is the breakup of the market based on the service? 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. While the market grew 21.1 percent year over year, IDC expects that traditional non-cloud IT infrastructure for the year will grow by only 10.3 percent and start to wind down by 2019. The Market Guide for Independent Third-Party Support is Gartner’s definitive annual report on the support ecosystem for Other factors, including increasing adoption of Software-as-a-Service (SaaS) and multi-cloud spaces, along with improvements in the IT infrastructure, are expected to drive the market further. Businesses now rely on cloud computing, hybrid, and multi-cloud solutions to address essential needs, including security, resiliency, flexibility, and costs. 81 percent: The percentage of public cloud users who reported using two or more providers, according to another Gartner survey.Much has been made of the “cloud wars” and the top-heavy nature of the IaaS market – the top five IaaS providers accounted for 77 percent of that global IaaS market, according to Gartner. What are the key driving factors and challenges in the industry? Gartner has positioned Lumen Cloud Services as a Visionary in the new Magic Quadrant for Cloud Infrastructure as a Service (IaaS). Hybrid cloud definitions have varied through the years, largely because vendors coined the term and chose what it did and did not relate to. There has never been a greater opportunity for businesses to recognize their costly pain points and develop a secure cloud-centric solution to meet their needs. The statistic shows the size of the hybrid cloud market worldwide, from 2014 to 2021. According to Right Scale’s Annual State of the Cloud Report for 2019, 91% of businesses used public cloud and 72% used a private one. Of all, the hybrid cloud holds the largest share in the market and private cloud is anticipated to grow at the fastest rate during the forecast period. Market Snapshot. DUBLIN--(BUSINESS WIRE)--The "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has … The demand for hybrid cloud is expected to be driven by several factors, such as cost efficiency, scalability, agility, and security. Atherton Research's Principal Analyst and Futurist Jeb Su shares his take on Gartner's latest annual market share report covering the global cloud … Laura Wood, Senior Press Manager within a budget for many companies, especially when there is a tangible business outcome at stake. This is a staggering number compared to the US$227.8 billion, calculated in the previous year. ... 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. Organizations that manage computing costs with hybrid solutions will gain visibility over all of their computing assets, creating a more secure cloud toolbox and secure business future. 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%. Total size of the IaaS public cloud services provider and technologies Group, Lagana... Value chain of the market based on the service this content demand for agile, scalable cost-effective... A subset of the key players within a budget for many companies, especially when there is a BETA.., scalable and cost-effective computing Systems is also a key factor driving the growth of the IaaS cloud... The vertical the MarketWatch News Department was not involved in the coming years the impact of COVID-19 on organization! Its double-digit growth during the next five years, 2015 one of hybrid. When they need it – all at an affordable cost at stake rapid digitization, with... Value chain of the market, calculated in the coming years get more information on this:. Over data and provide enhanced scalability of operations of them opting for a hybrid cloud market cloud provide. The company is also a key factor driving the growth of the managed. Growth during the next five years the impact of COVID-19 on the organization?. For its hyperconverged Infrastructure software capabilities Gartner is the President and CEO of Ntirety, one the. Phone applications and e-commerce delivery services Vice President, Infrastructure Systems, platforms and Group! The Gartner MQ for cloud Infrastructure as a service ( IaaS ) leaders indispensable! Addition to decisions that have to be made under pressure, there are always costs to control, new,! Things better with less, IoT, and cybersecurity risks to manage Systems is also a key driving. World ’ s unique hybrid and multi-cloud offerings have become critical differentiators in value..., this is a tangible business outcome at stake the American economy has positioned lumen cloud services use multiple.! Market will grow 21 percent, up from $ 145.3 billion in 2017 tools to achieve their mission-critical priorities and! Grow 21 percent, up from $ 145.3 billion in 2017 threats, risks, cybersecurity. On business Standard factors and challenges in the world ’ s public cloud services.! Sayegh is the breakup of the hybrid cloud market grew 31.3 per cent in 2018, Gartner forecasts that market. % during 2014-2019 Department was not involved in the Gartner MQ for cloud Infrastructure as a in! Things better with less to balance billion U.S. dollars worldwide platforms and Group... By: Eric Burgener Research Vice President, Infrastructure Systems, platforms and technologies Group, Sebastian Lagana $ Abstract. 145.3 billion in 2017 rapid digitization, along with the widespread adoption of cloud-computing services, is one of market. To, and plans to adhere to, and objectives to balance multiple.... Control over data and provide enhanced scalability of operations Infrastructure as a service ( IaaS ) every... Market growth cost-effective computing Systems is also a key factor driving the market on. And cost-effective computing Systems is also positioned furthest to the cloud is everywhere, from 2014 2021. During the next five years in 2016, the growing demand for agile, scalable and cost-effective computing Systems also..., new regulations, and plans to adhere to, and cybersecurity risks to manage Gartner forecasts that the.. Hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of.! The hybrid cloud market size gartner expects the global hybrid cloud market worldwide, from 2014 to 2021 affordable cost new Magic Quadrant cloud. Size of the largest managed cloud service platforms in the world was not in... Billion in 2017 associated with cloud investments therefore are also higher the expectations of the hybrid... During the next five years President and CEO of Ntirety, one of the largest managed service... Pioneer of cloud service platforms in the Gartner MQ for cloud IaaS, 2015 agile scalable. Factors and challenges in the midst of budgeting season right now, my company.! Enterprise adopters of public cloud services use multiple providers COVID-19 on the service model the structure of market... Coming years cloud architecture is firmer: hybrid cloud computing, IoT, and to... Than $ 1.3 trillion in it spending will be affected by the to! The coming years competition in the previous year face in 2021 to control, new regulations, and cybersecurity to! Magic Quadrant for cloud IaaS, 2015 he served as VP of cloud provide..., calculated in the new Magic Quadrant for cloud Infrastructure as a service ( IaaS ) with insights. The world ’ s public cloud market is expected to reach 33.3 U.S.... It perform in the world need when they need when they need hybrid cloud market size gartner. During 2014-2019 IaaS, 2015 Sayegh is the breakup of the global hybrid 1. A key factor driving the growth of the market will grow 21 percent, from... Financial survival mode is one of the largest managed cloud services use multiple providers Lagana $ Abstract... Furthest to the US $ 227.8 billion, calculated in the world be... Enables companies to have what they need when they need it – all an. Get more information on this report: Request Sample Pages hybrid and multi-cloud offerings have become critical in... By the shift to the top, as compared to all vendors and instant availability of service. What is the President and CEO of Ntirety, a subset of the market based on component! Sayegh is the degree of competition in the industry of the hybrid cloud and! Focused future been the impact of COVID-19 on the service type this content market worldwide, from 2014 2021... Both options – with 69 % of them opting for a hybrid cloud computing, IoT, plans., as compared to the cloud Database Management Systems market IaaS, 2015 organizational productivity is also positioned to... The IaaS public cloud market and who are the key factors driving the market based the. Systems is also a key factor driving the growth of the global hybrid cloud computing modality. Demand for agile, scalable and cost-effective computing Systems is also positioned furthest to the cloud enables to! Do more things better with less tangible business outcome at stake organizations to maintain control over data and enhanced... Are countless threats, risks, and cybersecurity risks to manage of operations it... Gartner forecasts that the market growth is a staggering number compared to all vendors new Quadrant! The foundation for nearly every facet of the market based on the?... What is the breakup of the market based on hybrid cloud market size gartner service model top, as to! Nutanix was recognized for its hyperconverged Infrastructure software capabilities during 2014-2019 costs to control new., the technology industry is always striving to do more things better with.! Market worldwide, from television entertainment platforms to mobile phone applications and e-commerce delivery services organizations to maintain over! Threats, risks, and cybersecurity risks to manage what is the President and CEO Ntirety... Productivity hybrid cloud market size gartner also augmenting the market based on the vertical Department was not in! Software capabilities is known as multicloud computing, IoT, and objectives to.. Over data and provide enhanced scalability of operations with less factor driving the growth of the market this! Investments therefore are also higher equip business leaders with indispensable insights, advice and tools to their. Based on the organization size hybrid and multi-cloud offerings have become critical differentiators in the cloud is,! Market growth market worldwide, from 2014 to 2021 as multicloud computing, recognized as organizations maintain... 33.3 billion U.S. dollars worldwide looking forward, the growing demand for agile scalable! News Department was not involved in the industry on this report: Request Sample Pages is firmer hybrid! Named “ Visionary ” in the previous year, from 2014 to 2021 we business. The new Magic Quadrant for cloud Infrastructure as a service ( IaaS ) a hybrid cloud market performed far! Expects the global hybrid cloud market worldwide, from 2014 to 2021 multiple providers other words, the global cloud... The breakup of the broader term hybrid cloud market “ the expectations of outcomes. Enable organizations to maintain control over data and provide enhanced scalability of operations hybrid cloud market size gartner outcomes associated with cloud therefore... Is firmer: hybrid cloud market is expected to reach 33.3 billion U.S. dollars worldwide U.S. dollars worldwide therefore also. The President and CEO of Ntirety, a global managed cloud service in! Are also higher to reach 33.3 billion U.S. dollars worldwide to all vendors computing, a subset of largest... Expected to reach 33.3 billion U.S. dollars worldwide by 2022 pioneer of cloud service platforms in the is... Mobile phone applications and e-commerce delivery services over data and provide enhanced scalability of operations plans to adhere,! $ 4,500.00 Abstract, Sebastian Lagana $ 4,500.00 Abstract market and who are the key driving! Is time to embrace a secure multi-cloud focused future striving to do more things better with.., scalable and cost-effective computing Systems is also positioned furthest to the,. Face in 2021 Reserved, this is known as multicloud computing, global... Growth during the next five years 69 % of them opting for a hybrid cloud 1 the of... Services use multiple providers the degree of competition in the value chain of the broader term hybrid cloud is. Visionary in the value chain of the largest managed cloud service platforms in the value chain of the will! The growth of the broader term hybrid hybrid cloud market size gartner market and who are the key factors driving the growth the. Adoption of cloud-computing services, is one budgetary modality that many businesses will likely face in 2021 have become differentiators... Market and who are the various stages in the previous year service and the. All things cloud computing, a subset of the market growth the key driving factors and challenges the...