According to an IBM survey, an Indian firm will deploy at least 10 Clouds particularly in the growing insurance, telecommunications and retail industries. Many business executives understanding the undeniable advantage of hybrid multi-cloud platforms are investing in the same. 

It is said that the value  derived would be pretty significant with the adoption of  hybrid and multi-cloud platform technology and its other operating models.   "Public Cloud spend will reduce from 50 per cent today to 43 per cent by 2023," said the IBM Institute for Business Value (IBV) survey.  

Moreover, it is expected that over the three years, most of the organizations would be spending nearly half of their cloud budget. Almost, 42 percent to 49 percent of the cloud adoption would be in the hybrid segment by 2023.  

"Hybrid Cloud enables improved business performance and greater ROI (return on investment). This is proven in the instance of leading businesses that have successfully achieved demonstrable competitive advantage through robust hybrid cloud management and governance platforms," said Viswanath Ramaswamy, Vice President, IBM Cloud and Cognitive Software and Services, IBM India/South Asia.  "We are betting big on Hybrid Cloud which is secure, interoperable, open and free from vendor lock-in," he added.