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Hybrid Cloud Market size is set to grow by USD 245.30 billion from 2024-2028, Disaster recovery simplified by hybrid cloud to boost the market growth, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The hybrid cloud market refers to the integration of private and public cloud environments, allowing organizations to leverage the benefits of both. According to Technavio, the market is expected to grow significantly, driven by simplified disaster recovery solutions and the adoption of container technology. However, challenges such as network connectivity issues and latency need to be addressed. Key players driving this market include Accenture Plc, Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., and others, who are instrumental in shaping its rapid expansion.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Services and Solution), End-user (BFSI, Retail, Healthcare, Telecom, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Co., Equinix Inc., Furukawa Electric Co. Ltd., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., Kyndryl Inc., Lumen Technologies Inc., Microsoft Corp., Nutanix Inc., Oracle Corp., Panzura LLC, Rackspace Technology Inc., and VMware Inc.

Key Market Trends Fueling Growth

Hybrid cloud deployments are becoming increasingly popular as organizations seek a consistent application development environment. Containers and microservices are emerging as effective alternatives to virtual machines, which consume significant resources. Containers, like virtual machines, have dedicated CPU and memory, but they share the operating system kernel. This eliminates the need for a guest operating system or hypervisor, making containers lighter than virtual machines. Organizations often face challenges moving applications between different environments. Containers address this issue by bundling the applications and all their operating system dependencies into a single package. This facilitates the easy transfer of applications between various cloud platforms, making container and microservice architecture a suitable solution for hybrid cloud environments. Moreover, containers offer increased application performance visibility, agility, and cost savings that are challenging to achieve with virtualization technologies. Additionally, container and microservice architecture allows for rapid scaling across different environments, which is crucial for businesses looking to expand. Consequently, many organizations are adopting Kubernetes to leverage the benefits of containers in hybrid cloud services. Therefore, the adoption of container technology is expected to accelerate the growth of the hybrid cloud market during the forecast period. 

Hybrid Cloud is a hot trend in IT spending as more businesses adopt this model for their non-critical applications. Legacy technologies are being transformed through Hybrid Cloud solutions, enabling transactions without the need for physical presence at bank branches. Remote working systems and online documentation have become essential, leading to increased demand for cost-effective and efficient Hybrid Cloud infrastructure. Hybrids offer flexibility and automation for IT services, enhancing productivity for customers. Public Cloud solutions continue to innovate with tablets and Hybrid Cloud Mesh, while Hybrid Multicloud infrastructure ensures observability and scalability. Cost efficiency, agility, security, and business-IT collaboration are key benefits for enterprises of all sizes and verticals, including Telecommunications, Healthcare, and Finance. Hybrid Cloud enables digital transformation through enhanced analytics, data protection, and customized service types and models. Traditional cloud models are being replaced with this flexible and secure solution. Organizations can now reduce costs, increase efficiency, and improve their overall IT infrastructure while ensuring data protection and security. 

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Market Challenges

A hybrid cloud setup combines the benefits of on-premises and public cloud environments. However, ensuring seamless connectivity between the two can present challenges. One option is using the Internet for data transfer, which comes with security risks and unguaranteed connection speeds, leading to potential latency issues. Another choice is a VPN connection, which offers encryption for security but doesn’t eliminate latency and is costlier than the Internet. Lastly, a direct connection to a public cloud provider via a private network offers optimal performance and security but can be expensive for many organizations. These connectivity choices impact the hybrid cloud market’s growth, as businesses weigh the benefits and costs.Hybrid cloud is a popular solution for organizations seeking to optimize IT infrastructure while addressing challenges of cost efficiency, scalability, and agility. Businesses of all sizes, from telecommunications and healthcare to enterprises in verticals like banking, face unique needs. Security is a top concern, especially for data protection. Hybrid cloud offers a mix of public and private cloud services, allowing organizations to leverage the benefits of each. Cost-effective hybrid hosting solutions enable businesses to save capital by utilizing public cloud for non-critical workloads and private cloud for sensitive data. Service models like IaaS, PaaS, and SaaS cater to various organization sizes and industries. Regions and public bodies also benefit from hybrid cloud’s flexibility in managing cyclical demand and emergency needs. Hybrid cloud deployment involves consolidating IT operations, improving management, and ensuring data security. Hyperscale clouds and data center modernization play a significant role in this evolution. Traditional data centers, colocation, and hosting solutions are being replaced by cloud infrastructure. Dynamic regulatory requirements and virtual services are driving the hybrid cloud market, making it an essential industrial service for organizations.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This hybrid cloud market report extensively covers market segmentation by

Component 1.1 Services1.2 SolutionEnd-user 2.1 BFSI2.2 Retail2.3 Healthcare2.4 Telecom2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Services-  The Hybrid Cloud market refers to the use of both private and public clouds by businesses to store and manage their data. This approach offers flexibility, cost savings, and enhanced security. Companies can leverage public clouds for scalability and cost efficiency while keeping sensitive data in private clouds. Hybrid Cloud solutions enable seamless data transfer between clouds, ensuring business continuity and compliance with data protection regulations.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Hybrid Cloud market is a dynamic and evolving technology landscape that offers businesses the benefits of both private and public cloud solutions. With cost efficiency, businesses can save on IT infrastructure expenses while still maintaining control over their critical data and applications. Scalability is another key advantage, allowing businesses to easily adapt to cyclical demand and emergency needs. Agility is also a significant factor, enabling businesses to quickly respond to dynamic regulatory requirements and market changes. Telecommunications, healthcare, enterprises, public bodies, and the banking sector are among the industries increasingly adopting Hybrid Cloud solutions. Security is a top priority, with data protection being a major concern. Components include virtual services, management tools, and IT infrastructure. Service types range from Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Legacy technologies and digitization are driving the shift towards Hybrid Cloud, with many businesses seeking to modernize their IT spending and enable remote working. The banking sector, in particular, is embracing Hybrid Cloud for critical banking processes and non-critical transactions without compromising security. The future of Hybrid Cloud lies in its ability to provide flexibility, efficiency, and security while enabling business-IT collaboration and addressing the unique needs of various industries.

Market Research Overview

Hybrid cloud is a computing solution that combines the benefits of public and private clouds, allowing organizations to achieve cost efficiency, scalability, agility, and business-IT collaboration. Telecommunications, healthcare, enterprises, and various verticals are adopting hybrid cloud for its flexibility in managing IT infrastructure and data protection. Hybrid cloud deployment models include colocation, infrastructure utility, and cloud infrastructure. Service types range from IaaS, PaaS, and SaaS, while service models offer traditional, industrial, and Hyperscale cloud solutions. Organization size, verticals, and regions influence the hybrid cloud market, with public bodies and enterprises driving significant growth. Hybrid cloud enables consolidated operation and management, enhancing productivity and digital transformation. Dynamic regulatory requirements and emergency needs further boost the demand for hybrid cloud solutions. Hybrid cloud mesh and hybrid multicloud infrastructure offer automation, observability, and flexibility for sensitive business processes. Cost reduction, efficiency, and innovation are key drivers for customers in their adoption of hybrid cloud services. Traditional IT spending shifts towards cloud computing, with on-premises infrastructure and legacy technologies being replaced by virtual services and digitization. The banking sector leverages hybrid cloud for critical banking processes and non-critical applications, enabling remote working systems, online documentation, and transactions without interruption. Hybrid cloud solutions offer enhanced analytics and productivity, with tablets and virtual services becoming essential tools for businesses in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentServicesSolutionEnd-userBFSIRetailHealthcareTelecomOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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JA Solar with 23 Leading Solar Companies unveils the first Initiative for Global Solar Sustainable Alliance at UNGC’s summit

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JAKARTA, Indonesia, May 25, 2025 /PRNewswire/ — On May 25, 2025, at the UN Global Compact (UNGC)’s Inaugural Global Business Summit in Jakarta, a total of 24 global leading solar companies including JA Solar, Jinko Solar, Tongwei, LONGi, GCL Group and other core upstream suppliers, collectively released the initiative for “Global Solar Sustainable Alliance (GSSA)”.

Distinguished leaders across government, industry and academia attended the summit, including United Nations Global Compact Assistant Secretary-General and CEO Sanda Ojiambo, United Nations Resident Coordinator in China Siddharth Chatterjee , Chairman of the National Economic Council of the Republic of Indonesia H.E. Luhut B. Pandjaitan, Founder and co-chairman of Bridgewater Associates Ray Dalio, President of the China Electricity Council Bao’an Xin, Chairman of Xiamen Airlines Dong Zhao, Founder and Chairman of GCL Gongshan Zhu.

At this critical juncture of global energy transition, the solar industry, as a cornerstone of renewable energy, serves as a pivotal solution to combat climate change and achieve carbon neutrality goals. Amid rapid industry growth, leading enterprises have jointly launched this initiative to address social and environmental challenges and advance sustainable development. Committed to delivering clean energy globally, the Initiative aims to strengthen sustainability across the entire value chain — promoting green mineral sourcing from the source, protecting ecosystems and biodiversity, building an equitable society for common good, and driving inclusive growth.

Aligned with the UNGC Ten Principles and Sustainable Development Goals (SDGs), the Initiative outlines 9 actionable pathways across three pillars, advancing ESG progress across the solar value chain and promoting its positive impact on the international market.

The GSSA initiative has garnered strong endorsement from the UNGC. Meng Liu, UNGC China Representative, stated: “We commend the global solar industry, particularly Chinese photovoltaic enterprises, for their contributions to advancing the global energy transition, and we welcome the launch of this initiative. Closely aligned with the principles of the United Nations Global Compact, the Initiative underscores corporate responsibilities in environmental protection, human rights safeguards, and sound governance. We look forward to the solar industry setting an exemplary model for global sustainable development through collective action.”

Jing Li, Vice President of Branding and Sustainability Officer of JA Solar, officially launched this GSSA Initiative at the event, and introduced JA Solar’s newly constructed responsible supply chain strategy with the theme of “Together Towards Tomorrow”, which aims to promote the multi-stakeholders along the industry’s value chain to evolve towards a sustainable future.

UNGC encourages more solar companies and supply chain partners to join this initiative and jointly advance the sustainable development of the industry. To truly fulfill the summit’s vision of ‘Better Business, Better World: Accelerating the SDGs’, the first co-signatories pledge to collaboratively develop a concrete action roadmap with stakeholder engagement, to ensure effective implementation of the Initiative.

Appendix : Global Solar Sustainable Alliance (GSSA)

As the backbone of renewable energy, the global solar sector provides consumers, industries, and society with affordable and reliable clean energy. It has made remarkable contributions to advancing global energy transition and promoting sustainable development, with immense potential yet to be realized.

On the other hand, after decades of growth, the social and environmental footprints of the solar industry, particularly the associated risks across its supply chain—have increasingly emerged. These challenges pose significant obstacles to unleashing the industry’s full potential and achieving its own sustainable development.

In light of this, we, as the undersigned photovoltaic enterprises and supply chain participants, guided by the Ten Principles of the United Nations Global Compact and the UN Sustainable Development Goals (SDGs), hereby launch the Global Solar Sustainable Alliance (GSSA). We call on all companies in the industry and its supply chains to adopt sustainability principles and strategies, and actively undertake the following actions:

I. Just Transition: Safeguarding the green ecosystems and environment

a) Reduce pollution, conserve resources, improve environmental management, implement clean production, and promote a circular economy.

b) Cut energy consumption and carbon emissions, adapt to climate change, establish science-based greenhouse gas reduction targets, and achieve net-zero emissions as soon as possible.

c) Protect biodiversity and ecosystems, promoting green mining from origins of materials, ensuring zero deforestation and no net loss of biodiversity.

II. People-Centric Development: Building an Equitable Society for Common Good

a) Respect and protect workers’ fundamental rights, create gender-responsive, diverse, inclusive, safe, and healthy workplaces, and enhance employees’ skills and development potential.

b) Advance responsible procurement and marketing practices, implement human rights due diligence in supply chains, improve value chain transparency, traceability, and collaborative mechanisms, and strengthen supply chain resilience.

c) Plan PV projects in alignment with local conditions, respect the rights of communities and residents, and leverage industry expertise to support community and social development.

III. Governance Enhancement: Driving Inclusive Growth

a) Optimize corporate governance structures, enhance professionalism and diversity in governance mechanisms, improve investor relations management, and protect the rights of minority shareholders.

b) Operate with integrity and compliance, oppose all forms of unfair competition practices, proactively uphold a sound market order, and foster the healthy development of the industry.

c) Strengthen internal and external oversight systems, conduct standardized information disclosure and regular tracking of progress and targets, and establish multi-channel stakeholder engagement and dialogue mechanisms.

Building on the above consensus, we will pool wisdom and resources, engage in full collaboration, and establish a concrete action roadmap with the participation and support of multi-stakeholders to ensure the effective implementation of the GSSA Initiative.

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SOURCE JA Solar Technology Co., Ltd.

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Curotec Unveils Self-Hosted AI Platform That Cuts Dev Time by 70% Without Compromising Security

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With the help of Curotec, companies in regulated industries can now deploy generative AI securely—achieving 3X faster time to market without sacrificing privacy or control.

PHILADELPHIA, May 25, 2025 /PRNewswire-PRWeb/ — Curotec, a leader in nearshore software development and AI strategy, announces the launch of its self-hosted large language model (LLM) infrastructure—a cutting-edge approach to generative software development that enables clients to harness AI securely and efficiently, without compromising code, intellectual property, or sensitive data.

“We built our model infrastructure with security, control, and developer productivity at its core,” said Brian Dainis, CEO of Curotec.

As enterprise adoption of generative AI accelerates, so do concerns from CIOs and general counsel over privacy, IP leakage, and regulatory compliance. Curotec’s infrastructure addresses these concerns head-on by deploying the top-performing open-source LLMs entirely within Curotec-owned and controlled environments, avoiding reliance on third-party model providers.

Unlike typical AI development tools that rely on external APIs, Curotec’s models are fully self-contained—running within isolated environments that are hardened for enterprise-grade privacy. This ensures client data never leaves the trusted boundary of Curotec’s infrastructure, making it ideal for highly regulated sectors like FinTech, HealthTech, and SaaS.

Curotec piloted its self-hosted LLM platform with several of its clients in 2025, including growth-stage FinTech and HealthTech companies with stringent SOC 2 compliance requirements. This pilot proved the approach’s efficacy in unlocking significant developer efficiency and the ability to get legal, security, and compliance leaders on board with the data concerns that LLM platforms introduce.

Since implementing this approach across internal and client-facing projects, Curotec has seen up to a 70% reduction in man-hours required for application development projects. These gains translate into a 3X faster speed to market, allowing businesses to outpace competitors without sacrificing security or code quality.

The LLMs assist Curotec developers with:

Generating boilerplate and middleware codeWriting unit tests and documentationRefactoring and debuggingTranslating specifications into working codePrompt-assisted feature scaffolding

This innovation is now part of Curotec’s AI-enhanced development services, detailed here:

curotec.com/services/ai-generative-development

Curotec’s self-hosted model platform marks a new frontier in generative software development—one where efficiency doesn’t require compromise, and where enterprises can trust their AI-powered development pipelines are both powerful and secure.

About Curotec:

Curotec is a software consulting firm that helps companies scale their engineering capacity and adopt transformative technologies. With a strong presence in Latin America, Curotec provides elite nearshore talent and consulting services in AI, software development, and digital transformation. Learn more at www.curotec.com.

Media Contact

Brian Dainis, Curotec, 1 610-450-6599, press@curotec.com, https://www.curotec.com/

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SOURCE Curotec

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AB Charity Foundation X AB Blockchain Join Forces to Advance the Global “Tech for Good” Mission

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DUBLIN, May 26, 2025 /PRNewswire/ — AB Charity Foundation (AB Foundation X AB Blockchain) today announced the addition of 10 internationally influential statespersons and global affairs experts to its Senior Advisory Board, further strengthening its strategic think tank and supporting AB Foundation X AB Blockchain in expanding technology-enabled philanthropy and global collaboration.

Their inclusion means the Foundation’s advisory network now spans five continents and nearly 30 former and sitting heads of state, international organization leaders, and policy experts, forming a cross-cultural, cross-sector, cross-institutional “Global Philanthropy Strategy Engine.”

Bertie Ahern, Chair of the Foundation and former Prime Minister of Ireland, said, “We welcome these visionary and action-oriented advisors to AB. ‘Tech for Good’ is a global cooperative endeavor—only by combining governance expertise with technological innovation can we build a trusted, inclusive, and sustainable global philanthropy ecosystem.”

AB Charity Foundation will continue to broaden its governance network and collaborate with the United Nations system, international NGOs, government agencies, and leading technology firms to drive “verifiable acts of goodwill” in critical areas such as education, healthcare, environmental protection, and humanitarian relief.

New Senior Advisory Board Members:

Olusegun Obasanjo — Former President of Nigeria and former Chairperson of the African Union, renowned for driving economic reform and regional cooperation across Africa.

Victor Yushchenko — Former President of Ukraine, celebrated economist and reform-minded leader instrumental in the country’s democratic transition.

Thomas Axworthy — Distinguished Canadian policy scholar and public administration expert, former Secretary to the Prime Minister (Chief Policy Advisor).

Dzhoomart Otorbaev — Former Prime Minister of Kyrgyzstan, noted economist and policymaker, leading reformist in Central Asia.

Denzil Douglas — Former Prime Minister and current Minister of Foreign Affairs of Saint Kitts and Nevis.

Joanna Nurse — Senior expert at the World Health Organization, with extensive experience in global health policy and public health management.

Maha Ibrahim Mohamed Morsy — Wife of former Egyptian Prime Minister Essam Sharaf, active leader in Egypt’s social welfare and education sectors.

Kateryna Yushchenko — Wife of Ukraine’s third President Victor Yushchenko; as First Lady she championed healthcare, child welfare, and cultural exchange initiatives.

Antonina Stoyanova — Former First Lady of Bulgaria and spouse of ex-President Petar Stoyanov; legal expert and diplomat who served in various United Nations roles.

Milena Dobronic — Spouse of former Bolivian President Jorge Quiroga; prominent advocate for social services and education in Bolivia.

About AB Charity Foundation

AB Charity Foundation is an independent international NGO registered in Ireland with EU legal status, supported technologically by AB DAO. The Foundation leverages blockchain, AI, and other cutting-edge technologies to build global philanthropic infrastructure, pioneering a “Governance Trust + Technology-Driven” paradigm to serve the public good.

Currently, $AB is available for trading on over a dozen exchanges, including Bitget, HTX, MEXC, Gate, BingX, BitMart, DigiFinex, Lbank, Hotcoin, Biconomy, BTSE, UEEx, WEEX, and 4E.

Learn more at our official website. https://www.ab.org/en/charityFoundation/

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SOURCE AB Foundation

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