Hybrid Cloud Computing Market Report 2024 (Global Edition)

Global Hybrid Cloud Computing Market Report 2024 Market Size Split by Component (Solution, Service), by Service Type (Cloud management and orchestration, Disaster recovery, Hybrid hosting), by Service...

Hybrid Cloud Computing Market Report Description

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Hybrid Cloud Computing Market Insights Video

Competitive Landscape of the Hybrid cloud computing Market

The competitive landscape of the hybrid cloud computing market is characterized by rapid innovation and intense rivalry. Key players are continuously enhancing their offerings with advanced security, integration capabilities, and management tools. Emphasis is placed on strategic partnerships and acquisitions to broaden service portfolios and geographic reach. As businesses increasingly adopt hybrid solutions, providers are focused on delivering superior performance, scalability, and customer support to differentiate themselves and capture a larger market share.

In January 2024, Hitachi unveiled the next phase of its partnership with Cisco, launching an innovative suite of hybrid cloud services aimed at tackling the persistent data management challenges of modern enterprises. The new offering, Hitachi EverFlex with Cisco Powered Hybrid Cloud, stands out by combining automation solutions and predictive analytics. This integration provides organizations with a future-proof portfolio designed for advanced infrastructure management, cost efficiency, and operational effectiveness. (Source: https://www.hitachivantara.com/en-us/news/gl240131)

 

Top Companies Market Share in Hybrid Cloud Computing Industry: (In no particular order of Rank)

• IBM (US)
• Microsoft (US)
• Cisco Systems (US)
• AWS (US)
• Oracle (US)
• Google (US)
• VMware (US)
• Alibaba (China)
• Equinix (US)
• Rackspace (US)
• NetApp (US)
• Atos (US)
• Fujitsu (Japan)
• CenturyLink (Louisiana)
• HPE (US)
• DXC (US)
• RightScale (US)
• Micro Focus (US)
• NTT Communications (Japan)
• Dell EMC (US)
• Citrix (US)
• Pure Storage (US)
• Unitas Global (US)
• Quest Software (US)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Hybrid cloud computing Market

Which Region Dominates the Hybrid cloud computing Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to its robust technological infrastructure and high adoption rates of advanced IT solutions. The region boasts a concentration of leading cloud service providers and tech-savvy enterprises, driving substantial investments in hybrid cloud technologies. Additionally, North American companies prioritize digital transformation, leveraging hybrid cloud for scalability, flexibility, and enhanced security. The stringent regulatory landscape also fuels demand for compliant cloud solutions. Furthermore, the presence of a highly skilled workforce and continuous innovation in cloud services contribute to the region's market leadership and ongoing revenue growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Hybrid cloud computing market driven by rapid digitalization and increasing adoption of cloud technologies across emerging economies. Businesses in this region are recognizing the benefits of hybrid cloud for achieving operational efficiency and cost-effectiveness. Government initiatives promoting digital infrastructure and smart city projects further boost demand. Additionally, the rise of e-commerce, fintech, and online services in Asia-Pacific accelerates cloud adoption. With a large and growing number of small and medium-sized enterprises (SMEs) embracing hybrid cloud to scale their operations, the region experiences unparalleled growth in this market segment.

The current report Scope analyzes Hybrid Cloud Computing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hybrid Cloud Computing Market

According to Cognitive Market Research, the global hybrid cloud computing market size was estimated at USD 98142.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 39256.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, The United States hybrid cloud computing market had a market share of USD 30,973.68 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. Sales of hybrid cloud computing in the U.S. will increase due to advanced IT infrastructure, high digital transformation adoption, and a strong focus on cybersecurity and compliance across various industries.
• Canada hybrid cloud computing market had a market share of USD 4,710.83 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. In Canada, hybrid cloud computing sales will rise due to increasing investments in digital infrastructure, the growth of tech startups, and the demand for scalable and flexible cloud solutions in a diverse business landscape. Mexico hybrid cloud computing market had a market share of USD 3,572.38 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period.

Europe Hybrid Cloud Computing Market

According to Cognitive Market Research, the global Hybrid cloud computing market size was estimated at USD 98142.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 29442.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

• The United Kingdom hybrid cloud computing market had a market share of USD 4,946.37 million in 2024 and is projected to grow at a CAGR of 17.3% during the forecast period. Hybrid cloud computing sales in the UK will grow as businesses seek robust data protection measures, driven by GDPR compliance, alongside a thriving financial sector requiring secure and scalable IT solutions.
• France hybrid cloud computing market had a market share of USD 2,708.72 million in 2024 and is projected to grow at a CAGR of 15.7% during the forecast period. Germany hybrid cloud computing market had a market share of USD 5,829.65 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. Germany's hybrid cloud computing market will expand due to the nation's strong industrial base, embracing Industry 4.0 technologies, and a focus on secure, efficient cloud solutions to support manufacturing and engineering sectors. Italy hybrid cloud computing market had a market share of USD 2,532.07 million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. Russia hybrid cloud computing market had a market share of USD 4,563.61 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. Spain hybrid cloud computing market had a market share of USD 2,414.30 million in 2024 and is projected to grow at a CAGR of 15.6% during the forecast period. Luxembourg hybrid cloud computing market had a market share of USD 912.72 million in 2024 and is projected to grow at a CAGR of 16.6% during the forecast period. Portugal hybrid cloud computing market had a market share of USD 618.30 million in 2024 and is projected to grow at a CAGR of 16.3% during the forecast period. Greece hybrid cloud computing market had a market share of USD 353.31 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. Rest of Europe hybrid cloud computing market had a market share of USD 4,563.61 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period.

Asia Pacific Hybrid Cloud Computing Market

According to Cognitive Market Research, the global Hybrid cloud computing market size was estimated at USD 98142.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 22572.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.

• According to Cognitive Market Research, China hybrid cloud computing market had a market share of USD 10,157.72 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. China will see increased hybrid cloud computing sales, propelled by rapid digitalization, government support for cloud initiatives, and the expansion of e-commerce and tech industries requiring scalable and reliable cloud services.
• Japan hybrid cloud computing market had a market share of USD 3,115.03 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. India hybrid cloud computing market had a market share of USD 2,708.72 million in 2024 and is projected to grow at a CAGR of 21.8% during the forecast period. India's hybrid cloud computing market is set to grow rapidly, driven by the surge in digital transformation, government initiatives like Digital India, and the booming IT and service sectors requiring flexible cloud solutions. South Korea hybrid cloud computing market had a market share of USD 2,257.27 million in 2024 and is projected to grow at a CAGR of 19.1% during the forecast period. Australia hybrid cloud computing market had a market share of USD 1,173.78 million in 2024 and is projected to grow at a CAGR of 19.7% during the forecast period. South East Asia hybrid cloud computing market had a market share of USD 1,557.52 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. Rest of Asia Pacific hybrid cloud computing market had a market share of USD 1,602.66 million in 2024 and is projected to grow at a CAGR of 19.8% during the forecast period.

South America Hybrid Cloud Computing Market

According to Cognitive Market Research, the global Hybrid cloud computing market size was estimated at USD 98142.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 4907.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.

• According to Cognitive Market Research, Brazil hybrid cloud computing market had a market share of USD 2,100.24 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Hybrid cloud computing sales in Brazil will increase due to the rising demand for digital services, government efforts to improve IT infrastructure, and businesses seeking cost-effective, scalable solutions for operational efficiency.
• Argentina hybrid cloud computing market had a market share of USD 824.39 million in 2024 and is projected to grow at a CAGR of 18.3% during the forecast period. In Argentina, sales of hybrid cloud computing will rise as businesses adopt digital technologies for competitiveness, supported by improving IT infrastructure and increasing awareness of cloud benefits among SMEs. Colombia hybrid cloud computing market had a market share of USD 436.73 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Peru hybrid cloud computing market had a market share of USD 402.38 million in 2024 and is projected to grow at a CAGR of 17.6% during the forecast period. Chile hybrid cloud computing market had a market share of USD 353.31 million in 2024 and is projected to grow at a CAGR of 17.7% during the forecast period. Rest of Latin America hybrid cloud computing market had a market share of USD 790.04 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period.

Middle East and Africa Hybrid Cloud Computing Market

According to Cognitive Market Research, the global hybrid cloud computing market size was estimated at USD 98142.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1962.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.

• GCC Countries hybrid cloud computing market had a market share of USD 840.10 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. Sales of hybrid cloud computing in GCC countries will grow due to economic diversification efforts, investments in smart city projects, and the need for secure, scalable IT solutions in the region's expanding digital economy.
• Egypt hybrid cloud computing market had a market share of USD 206.10 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. South Africa hybrid cloud computing market had a market share of USD 310.13 million in 2024 and is projected to grow at a CAGR of 18.7% during the forecast period. South Africa will experience increased hybrid cloud computing sales, driven by the growing need for digital transformation, improvements in IT infrastructure, and businesses seeking reliable and scalable cloud solutions to enhance competitiveness. Turkey hybrid cloud computing market had a market share of USD 168.80 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Nigeria hybrid cloud computing market had a market share of USD 206.10 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. Rest of MEA hybrid cloud computing market had a market share of USD 231.62 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period.

Hybrid Cloud Computing Market Analysis

Hybrid Cloud Computing Market Component Segment Analysis

According to Cognitive Market Research, solution stands out as the dominating category due to the growing need for robust and integrated cloud environments. Enterprises prioritize solutions that ensure seamless interoperability between on-premises and cloud resources. Enhanced security features and compliance tools offered by these solutions appeal to organizations handling sensitive data. Additionally, the rising complexity of IT infrastructure necessitates advanced solutions for effective management and optimization, driving demand further. Continuous innovation and customizable options also make hybrid cloud solutions attractive to diverse business needs.

Service emerges as the fastest-growing category in the hybrid cloud computing market due to the increasing reliance on expert support for cloud management and optimization. Businesses seek specialized services for efficient cloud migration, orchestration, and disaster recovery. Managed services that provide ongoing support, security, and compliance management are in high demand. As organizations face skills shortages, professional services offer essential expertise to navigate hybrid cloud complexities. The growing emphasis on digital transformation and the need for continuous innovation further drive the demand for comprehensive cloud services, fostering rapid market growth in this segment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hybrid Cloud Computing Industry. Request a Free Sample PDF!

Hybrid cloud computing Market Service Type Segment Analysis

According to Cognitive Market Research, the dominating category is cloud management and orchestration due to the need for seamless integration and efficient management of hybrid environments. Businesses require advanced tools to automate and streamline their cloud operations, ensuring optimal performance and cost efficiency. The growing complexity of IT infrastructures demands sophisticated orchestration solutions to manage multi-cloud and hybrid setups effectively. Enhanced visibility, monitoring, and compliance features offered by these solutions are crucial for maintaining security and governance, further driving demand in this segment.

The fastest-growing category in the hybrid cloud computing market is disaster recovery due to the rising awareness of data protection and business continuity. Organizations are increasingly investing in disaster recovery solutions to safeguard against data loss, cyber threats, and operational disruptions. The hybrid cloud model offers flexible and scalable disaster recovery options, making it an attractive choice for businesses of all sizes. Regulatory requirements and the high cost of downtime further emphasize the need for robust disaster recovery strategies, propelling rapid growth in this market segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hybrid Cloud Computing Service Model Segment Analysis

Hybrid cloud computing Market Service Model Segment Analysis

According to Cognitive Market Research, the dominating category is software-as-a-service due to its ease of deployment, scalability, and cost-effectiveness. Businesses prefer SaaS for its ability to quickly provide access to software applications without the need for extensive infrastructure. Continuous updates and improvements offered by SaaS providers ensure users have the latest features and security enhancements. Additionally, the rise of remote work and collaboration tools has driven demand for SaaS solutions that support productivity and connectivity, solidifying its position as the dominating category.

The fastest-growing category in the hybrid cloud computing market is infrastructure-as-a-service due to its flexibility and scalability in meeting dynamic business needs. Organizations are adopting IaaS to reduce capital expenditure on physical infrastructure and benefit from on-demand resource allocation. IaaS supports rapid scaling of IT resources, making it ideal for businesses experiencing fluctuating workloads. Additionally, the need for robust data storage, backup solutions, and the growing trend towards digital transformation are driving significant investment in IaaS, fostering its rapid market growth.

• Infrastructure-as-a-Service
• Platform-as-a-Service
• Software-as-a-Service

Hybrid Cloud Computing Organization Size Segment Analysis

Hybrid cloud computing Market Organization Size Segment Analysis

According to Cognitive Market Research, the dominating category is large enterprises due to their substantial IT budgets and complex infrastructure needs. Large enterprises require scalable and secure hybrid cloud solutions to manage vast amounts of data and support global operations. They prioritize advanced features for compliance, security, and performance optimization. Additionally, the continuous push for digital transformation and innovation drives these enterprises to invest in hybrid cloud technologies, ensuring they remain competitive and agile in a rapidly evolving market.

The fastest-growing category in the hybrid cloud computing market is small and medium-sized enterprises due to the increasing accessibility and affordability of hybrid cloud solutions. SMEs are adopting hybrid cloud to gain scalability, flexibility, and cost savings without significant upfront investments. The ability to leverage cloud technologies for business growth, enhanced productivity, and competitive advantage is highly attractive to SMEs. As these businesses become more digitally savvy, the demand for hybrid cloud solutions tailored to their specific needs and budgets continues to surge.

• Large enterprises
• Small and medium-sized enterprises

Hybrid Cloud Computing Vertical Segment Analysis

Hybrid cloud computing Market Vertical Segment Analysis

According to Cognitive Market Research, the dominating category is IT and telecommunications due to the sector's inherent reliance on scalable and agile IT infrastructures. These industries require robust hybrid cloud solutions to manage vast amounts of data, support digital services, and ensure seamless connectivity. The need for enhanced security, compliance with regulations, and efficient resource utilization drives adoption. Moreover, ongoing advancements in technology and the imperative to innovate further stimulate demand for hybrid cloud solutions among IT and telecommunications companies.

The fastest-growing category in the hybrid cloud computing market is BFSI due to its critical need for secure and compliant cloud solutions. BFSI firms leverage hybrid cloud to enhance data security, streamline operations, and improve customer service through advanced analytics and personalized offerings. Regulatory pressures, such as GDPR and PCI-DSS, necessitate robust data protection strategies, which hybrid cloud environments can efficiently provide. Additionally, the sector's growing adoption of digital banking services and fintech innovations further accelerates demand for flexible and scalable hybrid cloud solutions.

• BFSI
• IT and Telecommunications
• Healthcare
• Retail
• Media and entertainment
• Manufacturing
• Government
• Transportation
• Others (travel and hospitality
• and education)

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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