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The hybrid cloud market will register a CAGR of over 18% by 2023
[May 14, 2019]

The hybrid cloud market will register a CAGR of over 18% by 2023

NEW YORK, May 14, 2019 /PRNewswire/ -- About this market

The ability of hybrid clouds to simplify disaster recovery will trigger the hybrid cloud market growth during the forecast period. Hybrid cloud solutions simplify the overall management in a disaster recovery setup. In addition, hybrid cloud model also allows businesses in scaling up their operations up or down as required. Cloud solutions have a very high scalability, in turn, allowing businesses in deploying multiple virtual servers and operating multiple disaster recovery sites as needed. As a result, with rising demand for cloud solutions, the hybrid cloud market will witness continuous growth during the forecast period. Analysts have predicted that the hybrid cloud market will register a CAGR of over 18% by 2023.

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Market Overview

Hybrid cloud simplifies disaster recovery

The possibility of disaster recovery is one of the factors that drive the adoption of hybrid cloud solutions during the forecast period. Disaster recovery as a service solutio are increasingly being offered by multiple cloud service providers

Hybrid cloud construction requires significant expertise

The lack of experts for managing hybrid cloud solutions is one of the key factors affecting the adoption of hybrid cloud during the forecast period. While hybrid cloud architecture has multiple benefits, implementing a hybrid cloud solution is an extremely complex process.

For the detailed list of factors that will drive and challenge the growth of the hybrid cloud market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Various companies are focusing on increasingly using colocation facilities for supporting their cloud computing needs. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

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