Hybrid Cloud Storage Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Hybrid Cloud Storage Statistics 2023: Facts about Hybrid Cloud Storage outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Hybrid Cloud Storage, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Hybrid Cloud Storage Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Hybrid Cloud Storage Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Hybrid Cloud Storage Statistics on this page 🙂

Hybrid Cloud Storage “Latest” Statistics

  • IDC estimates that by 2025, worldwide expenditure on cloud computing services would double from its current USD706 billion level to USD1.3 trillion.[1]
  • Insecure interfaces and APIs (29%) are among the top three cloud security vulnerabilities, according to the Cloud Security Alliance. Hardware failure and data loss leakage together accounted for 10% and 25% of all cloud security outages.[1]
  • According to Gartner, the move to the cloud would result in an increase in IT investment of about 1.8 trillion in 2025.[1]
  • According to a May 2020 research from Fortune Business Insights, the worldwide cloud storage market is expected to reach 297.5 billion by 2027, increasing at a compound annual rate of 25.3% from 49.1 billion in 2018.[2]
  • To access data from any place, 42% of businesses use cloud services, while 37% do so to increase flexibility.[3]
  • Due to high operating expenses, 46% of private cloud customers are switching to the hybrid approach.[3]
  • In their cloud cost research, 54% of businesses want a thorough bill with grouping, sorting, and filtering options.[3]
  • 58% of business workloads are already using or are anticipated to be using a hybrid or private cloud.[3]
  • A central cloud team or cloud data center of excellence is something that 66% of businesses now have, and another 21% intend to have.[3]
  • Enterprise open source has aided firms in their capacity to benefit from cloud designs, according to 83% of IT executives.[3]
  • In order to increase their growth rate, 93.7% of businesses agree that the cloud is essential, while 88.4% believe it will be essential in the future.[3]
  • Over 90% of businesses will use a hybrid cloud environment by 2022 to suit their infrastructure demands.[3]
  • Market Research Future projects that the global hybrid cloud market will grow at a CAGR of 22.25% from 2019 to 2025, reaching USD173.33 billion.[3]
  • In 2020, North America will dominate the worldwide market for cloud services, accounting for 61% of the total market. Western Europe will come in second with 21% of the market.[3]
  • Only 31% of respondents consider hybrid cloud security and compliance to be a consideration, while only 6% feel it is not essential.[3]
  • Optimizing current cloud use is the largest difficulty for hybrid cloud (73%), followed by moving additional workloads to the cloud (61%), and increasing the use of containers (51%).[3]
  • Data movement between public and private clouds is thought to be the hybrid cloud platform’s largest difficulty at 34%.[3]
  • Because of investments in hybrid cloud, the average business claimed a decrease in time to market of 15% or more.[3]
  • 49% of MarketPulse respondents stated they want to increase their investments in cloud infrastructure.[4]
  • According to the Cloud Report, 52% of businesses have either invested in cloud infrastructure or intend to do so in order to increase the dependability of their operations.[4]
  • 35% of respondents claim increased security, and 41% indicate better profitability as a result of appropriate workload and application deployment.[4]
  • By 2022, more than half of IT spending, or 56%, would operate workloads in co-located data centers, private clouds, and public clouds.[4]
  • Migration of workloads with ease (29%) and using any cloud with on-premises security best practices (27%).[4]
  • Power and cooling expenditures were reduced by 66% by substituting one shelf of Netapp all flash fas for two whole racks of the traditional disk.[5]
  • Over one-third of firms now employ hybrid cloud technology, according to the Denodo Global Cloud Survey 2021 research, which included 150 enterprises in North America, Europe, the Middle East and Africa, and Asia Pacific.[6]
  • After moving to a public cloud environment, 72% of businesses migrated their apps back on.[6]
  • Statista predicts that the hybrid cloud market will expand quickly over the next years, from 52 billion in 2020 to 145 billion by 2026.[6]

Also Read

How Useful is Hybrid Cloud Storage

One of the key advantages of hybrid cloud storage is the ability to balance the benefits of on-premises infrastructure with those of the cloud. By keeping certain data and applications in-house while leveraging the scalability and accessibility of cloud storage for others, organizations can effectively manage their storage needs based on the specific requirements of each dataset. This allows for greater flexibility and control over data storage, as well as potential cost savings by utilizing a combination of on-premises and cloud solutions.

Additionally, hybrid cloud storage offers increased resilience and redundancy for data, as organizations can take advantage of the backup and disaster recovery capabilities of the cloud while maintaining a copy of critical data onsite. This ensures that data is protected in the event of a hardware failure or unforeseen disaster, providing peace of mind for organizations that rely on their data for business continuity.

Another benefit of hybrid cloud storage is the ability to easily scale storage capacity to meet changing business needs. With the flexibility to dynamically adjust storage resources based on demand, organizations can avoid the need to make significant upfront investments in hardware or software to accommodate growth. This allows for a more agile and adaptable approach to storage management, enabling organizations to quickly respond to changing market conditions and business requirements.

Furthermore, hybrid cloud storage offers enhanced data accessibility and mobility, allowing organizations to securely access and collaborate on data from anywhere at any time. With the ability to seamlessly move data between on-premises and cloud environments, employees can work more effectively and efficiently, leading to improved productivity and collaboration within the organization.

However, while hybrid cloud storage offers many benefits, there are also challenges that organizations must consider when implementing this storage strategy. It requires careful planning and management to ensure that data is effectively stored and managed across both on-premises and cloud environments. This can be complex and time-consuming, requiring organizations to invest in the necessary resources and expertise to properly configure and optimize their hybrid cloud storage solution.

In conclusion, hybrid cloud storage is a valuable and practical storage strategy for organizations looking to maximize the benefits of both on-premises and cloud storage solutions. By leveraging the strengths of each approach, organizations can achieve greater flexibility, scalability, resilience, and accessibility for their data storage needs. While there are challenges to overcome, the benefits of hybrid cloud storage far outweigh the drawbacks, making it a useful and effective storage strategy for modern businesses.

Reference

  1. wikipedia – https://en.wikipedia.org/wiki/Cloud_computing
  2. enterprisersproject – https://enterprisersproject.com/article/2020/11/hybrid-cloud-storage-explained
  3. g2 – https://learn.g2.com/hybrid-cloud-storage-statistics
  4. edi2xml – https://www.edi2xml.com/blog/hybrid-cloud-infrastructure-storage-benefits-trends-and-statistics/
  5. netapp – https://www.netapp.com/hybrid-cloud/what-is-hybrid-cloud/
  6. spiceworks – https://www.spiceworks.com/tech/cloud/articles/hybrid-cloud-storage-platforms/

Leave a Comment