The analysts forecast the global hybrid cloud services market to grow at a CAGR of 19.8% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be vendors foraying into the market space. The exponential growth of cloud-based services has encouraged startups to enter in the cloud domain through the adoption of on-premise services. Earlier, companies faced rigorous challenges in terms of costs, monitoring, and migration to the cloud.
However, by implementing hybrid cloud services, SMEs can still continue with their legacy applications with majority of the services hosted over the cloud through backup and high availability. As cloud services continue to mature, cloud management services face more advanced problems related to performance, availability, data latency, and costs. Now, a large number of vendors are shifting to hybrid solutions due to promising opportunity of these solutions, which is also driving product innovation.
According to the report, rising dependency of mid-sized enterprises will be a key driver for market growth. Hybrid cloud offers a strategic way to consume IT solutions across on-premise and the cloud. These cloud services are increasingly gaining popularity among enterprises of all levels. Through hybrid cloud, companies can make use of best practices from traditional on-premise IT infrastructure that includes governance, management, and standardization regardless of location. It provides an extended platform combining public and private clouds with dedicated servers to deliver seamless performance in a customized manner. It helps reap maximum benefits with enhanced performance from each component, thereby allowing companies to focus on core businesses.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- BMC Software
- CA Technologies
- Cherwell Software
- Dimension Data
- Hornbill Services
- Mulesoft¸ NTRGlobal
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/2xv7jr/global_hybrid
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-hybrid-cloud-services-market-cagr-growth-of-198-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-vmware-avnet-cisco-300312872.html
SOURCE Research and Markets