Hybrid cloud market size worldwide 2020-2026

In 2020, the global hybrid cloud market was valued at 52 billion U.S. dollars and is expected to reach 145 billion U.S. dollars in 2026. Over this period, the Asia Pacific region is expected to grow at the highest rate, while North America is the region that holds the highest share in 2020. Some key players in this market are Cisco, HPE, AWS, and IBM.

What is hybrid cloud?

Hybrid cloud is an approach or an architectural style that combines at least one private cloud with at least one public cloud. In general, hybrid clouds consolidate IT resources, connect multiple computers through a network, orchestrate processes with the help of automation, and rely on a single plane of management. Connecting these processes and environments efficiently makes it possible to manage complex cloud networks comprehensively, which is why hybrid cloud support has become a major consideration for IT leaders when selecting a cloud provider.

What are hybrid cloud benefits?

Among the benefits organizations utilize by deploying a hybrid cloud strategy is the flexibility from easily and securely storing and moving data and workloads in different environments. If utilized correctly, this approach can give organizations greater control over their private data. However, in order to realize these benefits, organizations worldwide indicate needing management capabilities for hybrid cloud strategies, such as performance monitoring and analytics or cloud cost management.