The cloud computing industry has been on a consistent growth trend for a good part of nearly two decades. However, there is a relatively new iteration of cloud solutions that are becoming mainstream at a rapid pace and that is the hybrid cloud.
In plain terms, consider hybrid cloud as an out of the box cloud architecture in which you not only migrate to the cloud but also pick and choose from a wide range of Cloud Service Providers (CSP) the one that’s best at doing something specific.
A few years back, the idea of hybrid cloud could have easily be brushed aside by both technical experts and industry gurus as something that was never to become a reality. Fast forward to the year 2020 and the entire cloud landscape has changed.
Regardless of whether CSPs like this trend or not, if you want to survive in today’s cloud market as a service provider, you have to accept the reality of the multi-cloud. So far as industry tenants are concerned, there could not have been a better time than this.
Today’s cloud tenants find themselves literally in the driving seat when it comes to choosing a CSP for a specific cloud-based product or service. The global hybrid cloud market is estimated to reach a staggering $173 BN by the year 2025.
What this impressive figure implies is that the hybrid cloud market segment is expected to exhibit an annual growth rate of around 22%, which is quite impressive even by cloud computing industry standards.
It won’t be an overstatement to conclude that the very future of the cloud is in fact the hybrid cloud in which a sizeable chunk of services, solutions and applications will become cloud-native but the cloud tenant will have full liberty in choosing the cloud provider.