Several deals solidify the hybrid cloud’s status as the cloud of choice

Several deals solidify the hybrid cloud’s status as the cloud of choice

The hybrid cloud market is expected to grow from $38.27 billion in 2017 to $97.64 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period, according to Markets and Markets.

The research firm said the hybrid cloud is rapidly becoming a leading cloud solution, as it provides various benefits, such as cost, efficiency, agility, mobility, and elasticity. One of the many reasons is the need for interoperability standards between cloud services and existing systems.

Unless you are a startup company and can be born in the cloud, you have legacy data systems that need to be bridged, which is where the hybrid cloud comes in.

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