DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The "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" report has been added to ResearchAndMarkets.com's offering.

The hybrid cloud market size is expected to grow from USD 44.60 billion in 2018 to USD 97.64 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period.

The market growth is expected to be driven by the growing demand from organizations for agile, scalable, and cost-efficient computing; rising need of standards for interoperability between cloud services and existing systems; increasing demand to avoid vendor lock-in; and growing number of digital services and their applications.

The rising need for more computational power and rapidly increasing adoption rate of the hybrid cloud are expected to open new avenues for the hybrid cloud market. However, the lack of awareness about privacy and security issues has limited the adoption of hybrid cloud.

Services are an important part of hybrid cloud offerings. The hybrid cloud market comprises professional and managed services. On the basis of professional services, the market has been segmented into training, education and consulting, and support and maintenance. Managed services are focused on service quality and end-user experience while delivering speed, cost optimization, and quality of services.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Hybrid Cloud Market, By Component

7 Hybrid Cloud Market, By Service Type

8 Hybrid Cloud Market, By Service Model

9 Market By Organization Size

10 Hybrid Cloud Market, By Vertical

11 Hybrid Cloud Market, By Region

12 Competitive Landscape

13 Company Profiles

ATOS AWS Alibaba Centurylink Cisco Systems Citrix DXC Dell EMC Equinix Fujitsu Google HPE IBM Micro Focus Microsoft NTT Communications Netapp Oracle Pure Storage Quest Software Rackspace Rightscale Unitas Global VMware

For more information about this report visit https://www.researchandmarkets.com/research/v5clpn/hybrid_cloud?w=4

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Related Topics:Cloud Computing and Storage

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/29/2018 10:16 AM/DISC: 08/29/2018 10:15 AM

http://www.businesswire.com/news/home/20180829005463/en