Tue Aug 23 2016 The report, Global Hybrid Cloud Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. Hybrid cloud covers both private/onsite and public/offsite cloud resources. In this cloud, virtual machines, workloads, and applications operate seamlessly across different IT environments private clouds located in data centers of enterprises or service provider centers as well as external public clouds. Hybrid clouds integrate storage, compute, security, applications, networking, and management all into a common platform.
The analyst forecast global hybrid cloud services market to grow at a CAGR of 19.8% during the period 2016-2020. One of the key trends for market growth will be vendors foraying into the market space. The exponential growth of cloud-based services has encouraged startups to enter in the cloud domain through the adoption of on-premise services. Earlier, companies faced rigorous challenges in terms of costs, monitoring, and migration to the cloud. However, by implementing hybrid cloud services, SMEs can still continue with their legacy applications with majority of the services hosted over the cloud through backup and high availability. As cloud services continue to mature, cloud management services face more advanced problems related to performance, availability, data latency, and costs. Now, a large number of vendors are shifting to hybrid solutions due to promising opportunity of these solutions, which is also driving product innovation.
According to the hybrid cloud services market report, rising dependency of mid-sized enterprises will be a key driver for market growth. Hybrid cloud offers a strategic way to consume IT solutions across on-premise and the cloud. These cloud services are increasingly gaining popularity among enterprises of all levels. Through hybrid cloud, companies can make use of best practices from traditional on-premise IT infrastructure that includes governance, management, and standardization regardless of location. It provides an extended platform combining public and private clouds with dedicated servers to deliver seamless performance in a customized manner. It helps reap maximum benefits with enhanced performance from each component, thereby allowing companies to focus on core businesses.
Key players in the global hybrid cloud services market: AWS, Microsoft, Rackspace, and VMware. Other Prominent Vendors in the market are: Avnet, BMC Software, CA Technologies, Cherwell Software, Cisco, Dimension Data, Hornbill Services, HP, IBM, LANDesk, Mulesoft¸ NTRGlobal, Oracle, and Unisys.
Further, the report states that latency in data centers will be a challenge for the market. Latency in data transmission during retrieval from the public cloud infrastructure has long been a problem for cloud users. Most of the time, data are stored in remote locations in the cloud infrastructure. The data need to be fetched and transmitted to end-user location, which sometimes may create a jitter in data availability. Therefore, enterprises store those data in the public cloud infrastructure that are not used frequently. Public cloud service providers have enabled data caching to facilitate faster availability of the data to end-users.