Hybrid Cloud Storage Statistics


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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.

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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

Proponents of hybrid cloud storage argue that it offers the best of both worlds – the scalability and cost-effectiveness of public cloud storage, combined with the security and control of private cloud storage. This flexibility allows businesses to tailor their storage solutions to their specific needs, without sacrificing important factors such as data security or compliance requirements.

One of the key benefits of hybrid cloud storage is its ability to seamlessly scale storage capacities up or down based on business needs. This scalability allows organizations to manage fluctuating workloads and storage requirements without having to invest in costly infrastructure upgrades. Additionally, the use of both public and private cloud storage allows for a more cost-effective storage solution, since businesses can optimize their storage usage based on the type of data being stored.

Another advantage of hybrid cloud storage is its ability to improve data redundancy and disaster recovery capabilities. By utilizing both public and private cloud solutions, businesses can ensure that their data is protected in the event of a system failure or data loss. This redundancy offers an added layer of security and ensures that data is always accessible, even in the face of unforeseen technical issues.

Furthermore, hybrid cloud storage enhances data accessibility and collaboration among employees. With data stored across multiple cloud platforms, employees can easily access and share information, regardless of their location or the device they are using. This level of accessibility promotes collaboration and efficiency, as team members can work together on projects in real-time, without limitations imposed by traditional storage solutions.

However, hybrid cloud storage is not without its challenges. Businesses must carefully evaluate their storage needs and requirements before implementing a hybrid solution, as the complexity of managing multiple cloud platforms can pose unique challenges. Additionally, ensuring data security and compliance across both public and private cloud solutions can be a daunting task, requiring businesses to implement stringent security protocols and monitoring systems.

In conclusion, hybrid cloud storage offers a promising solution for businesses looking to optimize their data management strategies. By combining the scalability and cost-effectiveness of public cloud storage with the security and control of private cloud storage, organizations can achieve a flexible, efficient, and secure storage solution that meets their specific needs. While challenges exist in implementing and managing a hybrid cloud storage system, the benefits far outweigh the drawbacks, making hybrid cloud storage a valuable tool for businesses looking to stay competitive in today’s data-driven economy.

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/

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