Implementing a hybrid cloud environment has now become a major gateway to modernize your business. According to 82% of firms are now utilizing or planning to employ a hybrid cloud solution within the next 12 months, demonstrating the widespread adoption of this strategy. Most companies prefer to opt for a hybrid cloud strategy due to its various benefits, like data security, flexibility, cost-effectivity, and scalability. Despite these benefits, the path of adopting a hybrid cloud model is a bit complex due to certain challenges like security and governance.
Cloud computing’s popularity has increased as more businesses are aware of its benefits. According to Flexera 2020 State of the Cloud Report, around 80 percent of enterprises have a hybrid cloud strategy. They are adopting hybrid clouds for cost savings, greater agility, resiliency, availability, performance and scalability.
The hybrid cloud infrastructure remains the future for many companies as the cloud continues to evolve. According to Statista, “the global hybrid cloud market is expected to reach $262 billion in 2027.” But why and how do companies determine if they’re one of them? Let’s explore in this article below.
Let’s explore the differences between multi-cloud and hybrid cloud based on different characteristics, including architecture, intercloud workloads, vendor lock-in, availability, and cost. Cloud computing has revolutionized how businesses used to run in the past. Currently, there are many models of cloud computing. Cloud technologies have matured, expanded, and improved to support business purposes. According to Statista, “the global cloud applications market is expected to reach $168.6 billion by 2025.” As a result of the proliferation of cloud technologies, businesses, particularly those new to the cloud, sometimes need clarification on multi-cloud and hybrid clouds. While they both refer to types of cloud deployment integrating multiple clouds, there are significant differences between them. The article explores the key similarities and differences between multi-cloud and hybrid cloud environments.