The hybrid cloud market is expanding quickly, fueled by digital transformation, increasing security demands, and widespread adoption across industries.
Pune, March 21, 2025 (GLOBE NEWSWIRE) — Hybrid Cloud Market Size Analysis:
“The Hybrid Cloud Market, valued at USD 96.78 billion in 2023, is projected to grow at a CAGR of 17.31%, reaching USD 405.62 billion by 2032.”
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Major Players Analysis Listed in this Report are:
- IBM (IBM Cloud, Watson)
- Microsoft (Azure, Office 365)
- Cisco Systems (Cisco Cloud, Cisco Meraki)
- AWS (Amazon EC2, Amazon S3)
- Oracle (Oracle Cloud, Oracle Autonomous Database)
- Google (Google Cloud Platform, Google Kubernetes Engine)
- VMware (VMware Cloud, vSphere)
- Alibaba (Alibaba Cloud, Elastic Compute Service)
- Equinix (Equinix Cloud Exchange, Equinix Metal)
- Rackspace (Rackspace Cloud, Rackspace Managed Hosting)
- NetApp (NetApp Cloud Volumes, NetApp ONTAP)
- Atos (Atos Cloud, Atos MyCloud)
- Fujitsu (Fujitsu Cloud Service, Fujitsu K5)
- CenturyLink (CenturyLink Cloud, CenturyLink Hybrid IT)
- HPE (HPE GreenLake, HPE Ezmeral)
- DXC (DXC Cloud, DXC Managed Services)
- RightScale (Flexera Cloud Management, Cloud Management Platform)
- Micro Focus (Micro Focus Hybrid Cloud, Operations Bridge)
- NTT Communications (Enterprise Cloud, Cloudn)
- Dell EMC (Dell VxRail, Dell EMC Cloud)
- Citrix (Citrix Cloud, Citrix Workspace)
- Pure Storage (Pure Storage Cloud Block Store, FlashArray)
- Unitas Global (Unitas Cloud, Network as a Service)
- Quest Software (Quest Cloud Management, Quest Backup Solutions)
- T-Systems (T-Systems Cloud, T-Systems Hybrid Cloud)
- Huawei (Huawei Cloud, Huawei CloudStack)
- Broadcom (Broadcom Cloud, Broadcom Enterprise Solution
Hybrid Cloud Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 96.78 Billion |
| Market Size by 2032 | USD 405.62 Billion |
| CAGR | CAGR of 17.31% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | • Technological Advancements Fueling the Demand for Hybrid Cloud Solutions
• Growing Volume of IoT Data and Big Data Analytics Boosting Hybrid Cloud Demand |
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Expanding Adoption of Hybrid Cloud Solutions Driven by Scalability, Flexibility, and Accelerated Digital Transformation Across Industries
The hybrid cloud market is witnessing strong growth, driven by companies looking for scalable and economical infrastructure. Companies increasingly use hybrid models to blend on-premises and cloud environments, optimize workloads, and maintain data security and compliance. Increasing need for seamless data management, multi-cloud strategies, and increased agility drives adoption in industries such as BFSI, healthcare, and retail. Opportunities in the future are in AI-driven automation, edge computing, and industry-specific cloud solutions. Furthermore, collaborations between enterprise and cloud service providers will be the force behind innovation, enabling enhanced operational resilience and efficiency in a competitive digital environment.
Solution Segment Leads Hybrid Cloud Market, Services Segment to Register the Fastest CAGR of 19.55% from 2024 to 2032
The Solution segment led the hybrid cloud space in 2023 with roughly 73% of total revenue. This is due to the rising need for resilient cloud infrastructure that combines private and public clouds. Organizations require secure, scalable, and tailored cloud solutions for optimal workloads, better data management, and business continuity assurance. Industry customization also drives adoption, making the segment’s considerable market share inevitable.
The Services segment is projected to expand at the fastest CAGR of 19.55% during 2024-2032, driven by increasing need for expert advice in hybrid cloud adoption. As companies transition to hybrid environments, consulting, integration, and managed services take precedence as cloud complexity, security threats, and perpetual optimization needs intensify. Specialized service vendors play a vital role in empowering companies to achieve operations efficiency and security optimization in hybrid cloud implementation.
BFSI Segment Dominates Hybrid Cloud Market, Healthcare Segment to Register the Fastest Growth Rate of 20.68% during 2024-2032
In 2023, the BFSI industry dominated the hybrid cloud market, with a share of 24% of total revenues. This is because the industry demands strong, flexible, and regulation-compliant cloud solutions to manage huge amounts of financial data. Hybrid cloud deployment in the BFSI industry enhances security for data, ensures business continuity, and optimizes operational expenses. The industry’s ongoing digital transformation and reliance on cloud-based innovations further strengthen its position in the market.
The Healthcare industry is anticipated to grow at the fastest CAGR of 20.68% from 2024-2032, driven by increasing demand for secure, scalable cloud infrastructure to manage patient data and improve care delivery. Hybrid cloud enables healthcare organizations to store sensitive medical records securely while leveraging the flexibility of the cloud for data analysis, telemedicine, and collaboration. Strict privacy regulations and the digital revolution within the industry are fueling hybrid cloud adoption across healthcare.
Hybrid Hosting Segment Dominates the Hybrid Cloud Space with a 51% Revenue Market Share in 2023
The Hybrid Hosting segment was the leader in the hybrid cloud market in 2023, capturing 51% of total revenue. Its leadership is driven by growing demand for agile, economical hosting options that marry private and public cloud benefits. Hybrid hosting enables companies to host sensitive information on private infrastructure while leveraging public cloud scalability and resource optimization. It is a more secure solution, with more flexibility in operations and lower costs, and emerges as the preferred solution for business enterprises seeking an equilibrium cloud strategy.
Software-as-a-Service (SaaS) Segment Dominates Hybrid Cloud Industry with 44% Revenue Share in 2023
In 2023, the Software-as-a-Service (SaaS) segment dominated the hybrid cloud marketplace with a 44% share of total revenue. This dominance is driven by the widespread adoption of cloud-based software that delivers cost-effective, scalable, and adaptable solutions. SaaS helps organizations obtain requisite software tools on-demand, reducing reliance on on-premises infrastructures and making maintenance easy. Increased use of SaaS for enterprise applications like CRM, finance, and HR further solidified its dominance in the hybrid cloud space.
Hybrid Cloud Market Segmentation:
By Component
- Solution
- Services
By Service Type
- Cloud management and orchestration
- Disaster recovery
- Hybrid hosting
By Service Model
- Infrastructure-as-a-Service
- Platform-as-a-Service
- Software-as-a-Service
By Organization Size
- Large enterprises
- Small and medium-sized enterprises
By Vertical
- BFSI
- IT and Telecommunications
- Healthcare
- Retail
- Media and entertainment
- Manufacturing
- Government
- Transportation
- Others
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North America dominates the Hybrid Cloud Market in 2023, Asia Pacific will grow at the highest CAGR
North America was the leader in the hybrid cloud market in 2023 with a 40% revenue share. The superior technology infrastructure of the region, high adoption of clouds, and availability of big cloud service providers are the key drivers of its leadership. BFSI, healthcare, and technology sector enterprises heavily rely on hybrid cloud for scalability, security, and efficiency. Strong digital transformation initiatives and continued cloud innovation also contribute to North America’s dominant position in the hybrid cloud market.
Asia Pacific will grow at the fastest CAGR of 20.12% from 2024-2032 owing to strong industrialization, increasing internet penetration, and increasing digital transformation activities. Hybrid cloud is being adopted by organizations in the region to meet data privacy, scalability, and cost-effectiveness requirements. The increasing technology ecosystem in the region as well as the rise of cloud-native startups are driving hybrid cloud adoption, and Asia Pacific is the fastest-growing market in the next few years.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Hybrid Cloud Market Segmentation, By Component
8. Hybrid Cloud Market Segmentation, By Application
9. Hybrid Cloud Market Segmentation, By Service Type
10. Hybrid Cloud Market Segmentation, By Organization Size
11. Hybrid Cloud Market Segmentation, By Service Model
12. Regional Analysis
13. Company Profiles
14. Use Cases and Best Practices
15. Conclusion
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