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EXECUTIVE SUMMARY
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THE ENVIRONMENT

n industry has many different software options for various tasks. There is not an integrated software that seamlessly incorporates the entire construction process, which is rapidly becoming more complex and litigious. In this ever changing environment, the need exists for an integrated and simplified approach to construction contracting operations that utilize a hybrid cloud model to manage workflow tasks through business process automation.

The hybrid cloud market is estimated to grow from USD 33.28 Billion in 2016 to USD 91.74 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.5% during the forecast period. 2015 has been considered as the base year for performing market estimation, and forecasting. The growing requirement of organizations for agile, scalable, and cost effective cloud computing solutions has increased the demand for hybrid cloud solutions and services.

Along with this, the rising need of standards for interoperability between cloud services and existing systems, increasing demand to avoid vendor lock-in, and increasing digital services and their applications have contributed significantly towards the growth of the hybrid cloud market. Nowadays, organizations are experiencing a significant need for the adoption of hybrid cloud solutions to keep themselves updated with the technological advancements in the cloud market.
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