2014-04-17 04:27:02 - Hybrid Cloud Market: Global Advancements, Market Forecasts & Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The global hybrid cloud market is suggested to have reached a value of around $21.27 billion at the beginning of 2013, and is forecast to grow to a total of $79.54 billion by 2018. This suggests a CAGR growth rate of around 30.2% between 2013 and 2018.
Organizations adopt cloud technologies to leverage both cost savings and technical expertise to focus on its core business. Hybrid cloud solution offers the features of both the worlds such as public cloud and private cloud to its customers. As the inhibitors of public cloud are the same for hybrid cloud as well, vendors are confronted with the challenges of security and to deliver a solution that acts as a bridge across various cloud delivery
models and traditional IT. Hybrid cloud enables the organizations to bridge the gap between multiple clouds and provide all sizes of organizations to leverage advanced computational infrastructures, software and services.
Cloud bursting is a feature of hybrid cloud which enables an organization to shift/burst the workload into public cloud at peak times. It eliminates the requirement to construct an additional IT infrastructure to address sporadic traffic times. Such challenges are faced by many industries such as telecom, retail and so on, especially on public holidays where the phone call traffic and internet usage is at a peak is overcome by hybrid cloud solution. It also enables an organization to scale IT resources dynamically to manage these challenges. Through on-demand provisioning companies of all sizes can add resources without the need to build its own infrastructure which is time consuming and costly.
It is quite important for companies to implement hybrid cloud to enjoy the flexibility of switching between clouds; and with required economies of scale to have a competitive edge over other companies. As the trends, drivers and the opportunities in the market are clearly visible, the market attracts more players and hence more competition among potential and new players.
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