Hybrid Cloud Market Worth $85 Billion In 2021 And Projected To More Than Tripled By 2027
StorageNewsletter.com, Thursday, July 25th, 2024
Businesses are increasingly adopting a hybrid cloud model. The hybrid cloud market was worth $85 billion in 2021 and is projected to have more than tripled by 2027 (1). Around 60% of enterprise data will be hybrid by 2027, compared to 20% today
It's clear to see what's driving this trend. Companies that develop a successful data strategy that works across data centers, edge locations, and public cloud infrastructure can find it easier to streamline operations, strengthen security, and scale up. But one consideration that's often neglected in the shift to hybrid cloud is fit-for-purpose file storage. While time and resources are dedicated to managing work ows and services across different systems, less emphasis is put on successfully securing, accessing, and analyzing data which often sits across disparate file servers and backups.