Technology

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

Published

2 months ago

July 9, 2024

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.

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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.

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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

Technology

Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

Published

5 hours ago

September 22, 2024

Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

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SOURCE Siemon

Technology

AMSimpkins & Associates Awarded Wisconsin Technical Purchasing Consortium Contract RFB 25-002TP – for Identity Verification Solutions

Published

6 hours ago

September 22, 2024

AMSimpkins & Associates has been awarded the Wisconsin Technical Colleges Purchasing Consortium (WTC-PC) contract for Identity Verification Solutions. This partnership includes providing their advanced S.A.F.E. (Student Application Fraudulent Examination) platform to 16 Wisconsin technical colleges, enhancing security and safeguarding against fraudulent student applications. With a focus on higher education, AMSA aims to support these institutions in maintaining the integrity of their admissions processes and preventing identity fraud. This collaboration underscores AMSA’s commitment to delivering innovative solutions tailored for the education sector.

ATLANTA, Sept. 22, 2024 /PRNewswire-PRWeb/ — AMSimpkins & Associates is proud to announce its selection by the Wisconsin Technical College System Purchasing Consortium (WTC-PC) to provide Identity Verification Solutions through the S.A.F.E. platform. The WTC-PC comprises 16 independent, publicly funded two-year technical colleges across Wisconsin, including Blackhawk Technical College, Chippewa Valley Technical College, Fox Valley Technical College, and Milwaukee Area Technical College, among others.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSA. This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

With a focus on preventing identity fraud, AMSimpkins & Associates’ comprehensive solutions will strengthen the security measures across admissions, enrollment, and financial aid processes, ensuring secure verification and compliance with federal and state regulations. S.A.F.E. will now support Wisconsin’s higher education system, offering its cutting-edge technology to streamline operations and safeguard student data.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSimpkins & Associates,” said Maurice Simpkins, President and Founder. “This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

As part of this agreement, AMSimpkins & Associates will deliver comprehensive services, including system integration, training, and ongoing support to ensure seamless implementation. S.A.F.E.’s capabilities are designed to evolve with growing threats of fraudulent activities, keeping institutions one step ahead in securing student identities.

Institutions in the Wisconsin Technical College System:

Blackhawk Technical CollegeChippewa Valley Technical CollegeFox Valley Technical CollegeGateway Technical CollegeLakeshore Technical CollegeMadison Area Technical CollegeMid-State Technical CollegeMilwaukee Area Technical CollegeMoraine Park Technical CollegeNicolet Area Technical CollegeNorthcentral Technical CollegeNortheast Wisconsin Technical CollegeNorthwood Technical CollegeSouthwest Wisconsin Technical CollegeWaukesha County Technical CollegeWestern Technical College

The S.A.F.E. platform’s advanced identity verification services will play a pivotal role in securing sensitive data and ensuring a safe and fraud-free environment for Wisconsin’s technical colleges and their students.

For more information about AMSimpkins & Associates and the S.A.F.E. platform, please visit amsa-highered.com.

Media Contact

LAQWACIA SIMPKINS, AMSimpkins & Associates, 1 6786824193, LSIMPKINS@AMSA-CONSULTING.COM, amsa-highered.com

Twitter, Facebook, LinkedIn

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SOURCE AMSimpkins & Associates

Technology

Shijingshan: Committed to High-Level Openness

Published

11 hours ago

September 22, 2024

BEIJING, Sept. 22, 2024 /PRNewswire/ — Following the third plenary session of the 20th Central Committee of the Communist Party of China, China successfully hosted its first national-level international large-scale fair—the China International Fair for Trade in Services (CIFTIS) 2024, which concluded on September 16. The event featured exhibitors from 85 countries and international organizations, participating under their national governments or headquarters, with over 450 Fortune Global 500 companies and industry leaders showcasing their offerings both online and offline.

Adhering to the open, cooperative and mutually beneficial principle, the CIFTIS injects new momentum into global economic development through concrete actions. As one of the “dual venues” for the fair, Shijingshan District hosted a variety of business activities, including exhibitions, negotiations, and conferences. While providing meeting organization services, it showcased the achievements of Shijingshan in fostering openness and development. By leveraging the Fair’s platform, Shijingshan seeks to promote its developmental advantages globally and aims to attract more partners to this welcoming district for mutually beneficial and win-win cooperation.

Presenting Achievements in Open Cooperation and Development in Multiple Dimensions

This CIFTIS’s Shougang Park venue is composed of nine thematic exhibitions, including telecommunications, computer and information services; financial services; culture & tourism services; education services; sports services; supply chain & business services; engineering consulting & construction services; health services; and environmental services. It circles around cultivating new quality productive forces while showcasing the latest achievements, technologies, and applications in the digitalization, intelligentization, and greening of services trade, creating a “debut stage” for global services trade.

Shijingshan leverages its strengths by organizing five thematic exhibitions and four promotional booths on-site. The culture & tourism services exhibition promoted Shijingshan’s rich culture and tourism resources, while also building a support area for paired assistance to highlight its revitalization efforts to a global audience. The financial services exhibition showcased its achievements in economic development across five sectors, that is, sci-tech finance, green finance, inclusive finance, pension finance, and digital finance. The exhibition of telecommunications, computer and information services highlighted the growth of Shijingshan’s the artificial intelligence large model industry cluster and key humanoid robot enterprises. In addition, the primary and secondary school science education experimental zone invited participation from six national-level science education centers, including Shijingshan District, to display their accomplishments. Four schools, including the Beijing National Day School Shijingshan, showcased their scientific research and learning outcomes through visual presentations and videos, while also engaging visitors in interactive science experiments.

The AIES Beijing Open is made up of four competition areas, virtual cycling, virtual rowing, virtual dance, and virtual table tennis. The event welcomed international competitors, domestic professional athletes, high-level amateurs, and university students, while showing the achievements of the “digital + sports” industry. Besides, four promotional booths focused on taxation, justice, investment, and commerce showcases Shijingshan’s tax and judicial policies, offering one-stop policy guidance for participating businesses and visitors. These booths also clarified investment promotion policies, creating a unique event that integrates commerce, tourism, culture, and sports.

Working Together for Global Open Cooperation and Development

The Open Cooperation Forum 2024 was held on the afternoon of September 13. Experts, scholars, government representatives, and business leaders from both domestic and international backgrounds gathered at the Shougang Park to engage in in-depth discussions on promoting high-level open cooperation and supporting regional economic development. Shijingshan District is committed to taking industrial transformation as the strategic foundation for its initiatives, establishing several distinctive industrial parks, including the Intelligent Technology Park, Industrial Internet Park, Virtual Reality Park, Science Fiction Industry Cluster, and Artificial Intelligence Large Model Cluster. What’s more, the district is focusing on new opportunities in future information, future health, future manufacturing, and future space, continually enhancing its innovation capacity, development vitality, economic strength, and overall competitiveness.

It is dedicated to expanding openness as a key driver for integrating into the capital’s new development pattern. The district capitalizes on a range of policy opportunities, including the construction of Beijing’s two zones, effectively leveraging the role of expanding services and deepening economic reforms. It continues to optimize the business environment, actively participates in organizing the CIFTIS, and develops high-standard international cooperation zones to provide a broad platform and efficient services for enterprises to settle and cluster. Shijingshan aims to implement high-level openness to promote high-quality development, enhance mechanisms for foreign openness, innovate and elevate services trade, and align with international economic and trade standards, creating a premier business environment characterized by marketization, rule of law, and internationalization.

Three parallel forums took place during this CIFTIS. With the theme of “Leveraging Overseas Strength for Development • Pursuing Broad Horizons Through Innovation”, the Dream Incubator of Overseas Chinese Beijing Forum set up ten sub-venues abroad, aiming to enhance the involvement of overseas Chinese’s capital and expertise in Beijing’s high-quality development. The Artificial General Intelligence Computility Forum focused on “Releasing New Quality Productive Forces with Unbounded Intelligence and Computational Foundations”, where industry experts and scholars explored new possibilities in artificial general intelligence computility. The Digital Energy Development Forum 2024, themed as “Energizing the Future with Digital Innovation”, showcased a range of quality development achievements and finalized partnerships for several high-quality projects, uniting all parties to advance digital innovation and development.

The rich array of side events is one of the highlights of this CIFTIS. The International Open Cooperation Promotion Conference circled around developing the international open cooperation zone, drawing representatives from international organizations, leading global companies, and prospective businesses seeking to establish a presence in these areas. It centered on the advantages of Shijingshan’s key industries to attract target enterprises. Furthermore, the Roundtable Discussion of Foreign-Funded Enterprises engaged representatives from international organizations, business associations, and foreign-funded companies from countries like Malaysia, Singapore, and France to explore collaboration in aligning with high-standard international economic and trade rules, as well as market access in the service sector, sharing the successes of modernization with Chinese characteristics.

To enhance the consumer experience for attendees of the CIFTIS, Shijingshan has expanded its comprehensive service offerings in areas such as food, accommodation, transportation, tourism, entertainment and shopping. The Second “Here I Am for CIFTIS” Shijingshan Culture and Tourism Carnival has been significantly upgraded, evidenced by the “Divine Beasts Ascend to Immortal Mountain”: Enchanting Night Tour in Shijing Mountain. The “Surprises Await in Shijingshan. Hey There, CIFTIS!” promotional event was held during the 14th Shijingshan Consumption Festival. This included online surprise announcements and a consumption map showcasing quality shopping venues. Special surprise floats were on display, with oversized themed shopping bags distributed. Shopping centers like Joy City, Xirondo Plaza, Modern Plaza, and Chang’an Mills in Shijingshan also launched supporting promotional activities. Business tours in Shijingshan offered three dedicated routes, inviting exhibitors from digital technology, finance and insurance, culture and tourism, and sports related industries to explore relevant industrial parks and attractions for in-depth exchanges.

The China International Fair for Trade in Services 2024 has successfully concluded. Utilizing this platform, Shijingshan has once again showed its high-quality development achievements and favorable business environment to a global audience. We look forward to collaborating with more partners in an open and inclusive manner to create a win-win future.

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SOURCE Open Cooperation Forum