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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.

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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

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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

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SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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SOURCE Trip.com Group

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