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Market Insight Report: Hybrid Cloud Compute Q4 2023

Market Insight Report: Hybrid Cloud Compute Q4 2023

The hybrid cloud has emerged as a strategic imperative for enterprises seeking the best worlds of public clouds hosted and managed by hyperscalers and private clouds hosted and managed on-premises. The usage of both types of clouds along with an increasing movement of data to edge locations means enterprise data could be almost anywhere. Compute, storage, security, and other IT resources must follow.

Organizations frequently run data and applications both in their own data centers and on one or more public clouds. The goal of IT vendors looking to provide hybrid—and multi cloud—services is to enable seamless movement of data and applications between clouds. This can prove difficult because clouds and on-premises tools are often not interoperable.

As a result, we now have traditional IT vendors offering their technologies hosted on public clouds and managed by hyperscalers as well as in private data centers. And the hyperscalers have methods of bringing their technologies to private clouds and edge locations.

The spiking interest in generative AI is also prompting enterprises to look at hybrid cloud architectures. A hybrid cloud can be the best way to quickly scale compute and storage needed to train large generative AI models. Using cloud resources for the more demanding AI tasks and on-premises resources for others can prove the most efficient way to manage resources and optimize costs. Hybrid clouds also allow organizations to keep their most sensitive data private while taking advantage of public clouds for data not subject to strict regulations and privacy concerns. They can also place the data that requires fastest access on-premises.

In our latest report, Market Insight Report: Hybrid Cloud Compute Q4 2023, we analyze how infrastructure vendors and hyperscalers are tailoring their products and services to hybrid clouds, as well as the major trends we are seeing around repatriation, cost optimization, and generative AI.

This paper provides details about:

  • Introduction and Market Overview
  • Latest Hybrid Cloud Market Trends
  • Major Product and Services Launches and Acquisitions
  • Competitive Landscape
  • Future Outlook
  • Recommendations

As enterprises continue to grapple with the intricacies of cloud computing, the hybrid model stands out as a balanced approach, offering the flexibility to optimize resources across multiple environments. This hybrid paradigm not only addresses the immediate computational and storage needs but also paves the way for future-proofing IT infrastructures in an era of rapid technological advancements. If you are interested in learning more, download Market Insight Report: Hybrid Cloud Compute Q4 2023 today.

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Author Information

Dave’s focus within The Futurum Group is concentrated in the rapidly evolving integrated infrastructure and cloud storage markets. Before joining the Evaluator Group, Dave spent 25 years as a technology journalist and covered enterprise storage for more than 15 years. He most recently worked for 13 years at TechTarget as Editorial Director and Executive News Editor for storage, data protection and converged infrastructure. In 2020, Dave won an American Society of Business Professional Editors (ASBPE) national award for column writing.

His previous jobs covering technology include news editor at Byte and Switch, managing editor of EdTech Magazine, and features and new products editor at Windows Magazine. Before turning to technology, he was an editor and sports reporter for United Press International in New York for 12 years. A New Jersey native, Dave currently lives in northern Virginia.

Dave holds a Bachelor of Arts in Communication and Journalism from William Patterson University.

Regarded as a luminary at the intersection of technology and business transformation, Steven Dickens is the Vice President and Practice Leader for Hybrid Cloud, Infrastructure, and Operations at The Futurum Group. With a distinguished track record as a Forbes contributor and a ranking among the Top 10 Analysts by ARInsights, Steven's unique vantage point enables him to chart the nexus between emergent technologies and disruptive innovation, offering unparalleled insights for global enterprises.

Steven's expertise spans a broad spectrum of technologies that drive modern enterprises. Notable among these are open source, hybrid cloud, mission-critical infrastructure, cryptocurrencies, blockchain, and FinTech innovation. His work is foundational in aligning the strategic imperatives of C-suite executives with the practical needs of end users and technology practitioners, serving as a catalyst for optimizing the return on technology investments.

Over the years, Steven has been an integral part of industry behemoths including Broadcom, Hewlett Packard Enterprise (HPE), and IBM. His exceptional ability to pioneer multi-hundred-million-dollar products and to lead global sales teams with revenues in the same echelon has consistently demonstrated his capability for high-impact leadership.

Steven serves as a thought leader in various technology consortiums. He was a founding board member and former Chairperson of the Open Mainframe Project, under the aegis of the Linux Foundation. His role as a Board Advisor continues to shape the advocacy for open source implementations of mainframe technologies.