Global Multi-Cloud Management Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Multi-Cloud Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global multi-cloud management market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global multi-cloud management market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.1 Billion by 2028, exhibiting a growth rate (CAGR) of 27.2% during 2023-2028.

Multi-cloud management refers to the practice of overseeing and optimizing the utilization of multiple cloud computing services and platforms. It involves coordinating and controlling various cloud resources to ensure efficiency, security, and cost-effectiveness. It enhances flexibility by leveraging multiple cloud providers to enable organizations to select the most suitable services and pricing models for their specific workloads. It also promotes redundancy and resilience while minimizing the risk of downtime due to outages in a single provider. It improves security, as data can be distributed across different cloud environments, reducing the impact of potential breaches. As it helps organizations control their cloud expenditure more effectively, optimizing their information technology (IT) budgets, the demand for multi-cloud management is rising across the globe.

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Global Multi-Cloud Management Market Trends and Drivers:

At present, organizations are increasingly adopting diverse cloud ecosystems, utilizing a mix of public, private, and hybrid clouds. This diversity necessitates efficient multi-cloud management solutions to ensure seamless integration, optimization, and control over these disparate cloud environments. In addition, many businesses prefer to remain vendor-agnostic to avoid vendor lock-in and maintain flexibility. Multi-cloud management enables them to leverage the best features and pricing models from multiple cloud providers, promoting vendor neutrality. Apart from this, the increasing demand for multi-cloud management solutions, as they provide cost visibility and optimization tools, helping organizations monitor and manage expenses more effectively, is propelling the growth of the market. Moreover, the growing utilization of multi-cloud management to implement consistent security policies and compliance measures across multiple cloud platforms, ensuring data protection and adherence to industry regulations is positively influencing the market. Besides this, multi-cloud management enables organizations to distribute data and applications across different cloud providers, enhancing resilience and reducing the risk of data loss. Furthermore, the rising need for automating tasks, such as provisioning, scaling, and workload balancing, to streamline operations and reduce manual efforts is bolstering the market growth.

Global Multi-Cloud Management Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are:

Accenture plc, BMC Software Inc., CenturyLink, Cisco Systems Inc., Citrix Systems Inc., Cloudbolt Software Inc., Dell Inc., Flexera, International Business Machines Corporation, Jamcracker Inc., Micro Focus International plc and Vmware Inc.

The report segmented the market on the basis of region, component, deployment mode, enterprise size, application and industry vertical.

Breakup by Component:

 

  • Software
  • Services
    • Security and Risk Management
    • Training and Consulting
    • Reporting and Analytics
    • Cloud Automation
    • Migration and Integration
    • Support and Maintenance
  • Others

Breakup by Deployment Mode:

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

Breakup by Enterprise Size:

  • Small & Medium Enterprise (SME)
  • Large Enterprise

Breakup by Application:

  • Identity and Policy Management
  • Compliance Management
  • Infrastructure and Resource Management
  • Metering and Billing
  • Provisioning
  • Lifecycle Management
  • Others

Breakup by Industry Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Retail and Consumer Goods
  • Public Sector
  • Energy and Utilities
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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