The hybrid cloud market will reach $79.54 billion by 2018, according to a new report by MarketsandMarkets. The report shows the hybrid cloud market growing at a CAGR of 30.19 percent from 2013 to 2018.
The growth of hybrid cloud deployments will be driven by enterprises that require diversified infrastructure, and access to on-demand resource provisioning with in-house data security, according to the report.
“As a hybrid cloud solution offers the combined benefits of heterogeneous systems and traditional systems, we see a major adoption of it across organizations,” MarketsandMarkets said.
In the report, MarketsandMarkets segmented the hybrid cloud market based on its types (hardware, software and service), delivery models (SaaS, PaaS, IaaS) and end user. End users are segmented based on the size of their organization and vertical, including government and public sector, banking and insurance, and others.
The report identifies the major players in the hybrid cloud market as AWS, Rogers Data Centres, Cisco, Cloudcontrol, Datadirect Networks, Dell, EMC, HP, IBM, Microsoft, Oracle, Panzura, Rackspace,Verizon Terremark, and others.
VMware recently announced general availability of its vCloud Hybrid Service in Europe, and recently partnered with Carpathia on a hybrid cloud service for government agencies.
This report comes less than a week after MarketsandMarkets released research on the healthcare cloud market, which it expects to reach $6.5 billion by 2018.