The US is the most significant public cloud market with projected spending of $124.6 billion in 2019. The Evolving Market for Enterprise Storage: Hybrid Cloud, NVMe, and Software Defined Are the Next Wave. Get more information on this report: Request Sample Pages. President and CEO of Ntirety, a global managed cloud services provider. Budget issues don’t have to inhibit tech evolution; they can accelerate business outcomes and mark the starting point for the tech revolution. 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. Nutanix was recognized for its hyperconverged infrastructure software capabilities. 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. What is the breakup of the market based on the organization size? within a budget for many companies, especially when there is a tangible business outcome at stake. of businesses use hybrid cloud. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… The simplicity and instant availability of cloud technologies provide a significant advantage for businesses that urgently need solutions. AWS has expanded well beyond cloud compute and storage. Get deep insight on where cloud infrastructure is headed, a detailed analysis of vendors, and Gartner's review of major market and industry trends. 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. What has been the impact of COVID-19 on the global hybrid cloud market? The global public cloud service market is projected to reach $266 billion in 2020. 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. 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. What are the various stages in the value chain of the industry? This is a staggering number compared to the US$227.8 billion, calculated in the previous year. 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. 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. What is the breakup of the market based on the service type? The MarketWatch News Department was not involved in the creation of this content. The cloud is everywhere, from television entertainment platforms to mobile phone applications and e-commerce delivery services. Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. © 2020 Forbes Media LLC. Sep 30, 2020 (Market Insight Reports) -- The Hybrid Cloud Market report is … In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. The statistic shows the size of the hybrid cloud market worldwide, from 2014 to 2021. 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. Financial survival mode is one budgetary modality that many businesses will likely face in 2021. The total size of the IaaS public cloud services market grew 31.3 per cent in 2018, according to Gartner. You may opt-out by. What is the breakup of the market based on the service model? Most enterprises actually utilize both options – with 69% of them opting for a hybrid cloud solution. What is the breakup of the market based on the component? This is known as multicloud computing, a subset of the broader term hybrid cloud computing. Photo credit: Getty. Hybrid cloud. 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. What is the breakup of the market based on the vertical? For businesses facing budget cuts, it is time to embrace a secure multi-cloud focused future. Moreover, the growing demand for agile, scalable and cost-effective computing systems is also augmenting the market growth. Hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of operations. There are always costs to control, new regulations, and plans to adhere to, and cybersecurity risks to manage. Businesses now rely on cloud computing, hybrid, and multi-cloud solutions to address essential needs, including security, resiliency, flexibility, and costs. Gartner has positioned Lumen Cloud Services as a Visionary in the new Magic Quadrant for Cloud Infrastructure as a Service (IaaS). By: Eric Burgener Research Vice President, Infrastructure Systems, Platforms and Technologies Group, Sebastian Lagana $4,500.00 Abstract. Occupying the center stage – Hybrid cloud. Opinions expressed by Forbes Contributors are their own. 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. 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. Today, however, the definition of hybrid cloud architecture is firmer: Hybrid Cloud 1. Global public cloud market size in 2020. More than $1.3 trillion in IT spending will be affected by the shift to the cloud by 2022. 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 … Cloud technologies are suddenly the foundation for nearly every facet of the American economy. 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. When computing and processing demand fluctuates, hybrid cloud computing gives businesses the ability to seamlessly scal… I cover all things cloud computing, IoT, and innovation. Most companies are in the midst of budgeting season right now, my company included. Teradata’s unique hybrid and multi-cloud offerings have become critical differentiators in the Cloud Database Management Systems market. Read more about Public Cloud market to hit $183 bn in 2019: Gartner on Business Standard. However, the technology industry is always striving to do more things better with less. Amazon commands around three times the revenue of Microsoft, its nearest IaaS rival, but despite growing its revenue its market share dropped slightly, from … For U.S./CAN Toll Free Call 1-800-526-8630 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. Lumen Named “Visionary” in the Gartner MQ for Cloud IaaS, 2015. 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. For E.S.T Office Hours Call 1-917-300-0470 He later moved on to HP where he served as VP of Cloud Service and initiated the company’s public cloud services. [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. 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. The Market Guide for Independent Third-Party Support is Gartner’s definitive annual report on the support ecosystem for Gartner is the world’s leading research and advisory company. 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. Laura Wood, Senior Press Manager “The expectations of the outcomes associated with cloud investments therefore are also higher. The global hybrid cloud market grew at a CAGR of around 20% during 2014-2019. The 10 biggest public cloud providers will command, at a minimum, half of the total public cloud market until at least 2023. 45%. 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. ... 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. The company is also positioned furthest to the top, as compared to all vendors. 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. 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 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. (Source: Gartner) … Atherton Research's Principal Analyst and Futurist Jeb Su shares his take on Gartner's latest annual market share report covering the global cloud … 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. 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 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. DUBLIN--(BUSINESS WIRE)--The "Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has … 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. 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 key driving factors and challenges in the industry? Rapid digitization, along with the widespread adoption of cloud-computing services, is one of the key factors driving the growth of the market. In addition to decisions that have to be made under pressure, there are countless threats, risks, and objectives to balance. 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. … We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. 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. He is an early pioneer of Cloud Computing, recognized as. 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. 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. All Rights Reserved, This is a BETA experience. 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. Improved organizational productivity is also a key factor driving the market. The demand for hybrid cloud is expected to be driven by several factors, such as cost efficiency, scalability, agility, and security. Read more Market Snapshot. 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. press@researchandmarkets.com 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. How has the global hybrid cloud market performed so far and how will it perform in the coming years? Emil Sayegh is the President and CEO of Ntirety, one of the largest managed cloud service platforms in the world. 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. Hybrid cloud definitions have varied through the years, largely because vendors coined the term and chose what it did and did not relate to. In fact, most enterprise adopters of public cloud services use multiple providers. 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. 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. 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%. 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. 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. What is the structure of the global hybrid cloud market and who are the key players? 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. What is the breakup of the market based on the service? 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 … 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 … Looking forward, the publisher expects the global hybrid cloud market to continue its double-digit growth during the next five years. 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