Multi-Cloud management is a combination of research and innovation with a complete lifecycle of cloud-ready solutions. Upscaling demand for cloud computing is one of the most significant factors driving the global multi-cloud management market over the forecast period, as suggested in the latest study by Market Research Future (MRFR). There are several factors listed in the report that are poised to provide impetus to the global multi-cloud management market over the forecast period. Lower cost of these solutions, higher flexibility, agility, and security are some of the factors contributing to the ascension of the global multi-cloud management market over the forecast period.
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The global multi-cloud management market is poised to gain a robust CAGR of 31% during the forecast period of 2017-2023. A rise in the scope of application of these solutions in different industry verticals is supplementing the growth witnessed by the global multi-cloud management market. Further, a need for a high-level of governance and policies is also fueling the market growth in the forthcoming years. It also allows various users for the management and provision of computes, storage, network, and application services at scale across hybrid cloud environments through new integrations of VMWare vRealize products.
Apart from that, multi-cloud management is gaining momentum across several software providers to meet the ever-snowballing need for the convenience of users. Upscaling agility and a higher need for automation is also contributing to the considerable growth noted in the global multi-cloud management market over the forecast period. Furthermore, increasing deployment of multi-cloud management in the IT and telecommunication sector is also promoting the ascension of the market over the forecast period. Further, upscaling adoption noted in the small and medium business units is set to take the market on an impressive growth trajectory.
The global multi-cloud management market is studied for various segments that are based on platform, service type, application, deployment, and vertical based on platform, the global multi-cloud management market is segmented into external enablement and internal enablement. Based on service type, the global multi-cloud management market is segmented into migration and integration, cloud automation, reporting and analytics, data security and risk management, monitoring and access management, training and consulting, and support and maintenance.
Based on deployment, the global multi-cloud management market is segmented into private cloud, public cloud, and hybrid cloud. Based on application, the global multi-cloud management market is segmented into infrastructure and resource management, metering and billing, compliance management, provisioning, identity and policy management, and lifecycle management. Based on vertical, the global multi-cloud management market is segmented into IT and telecommunication, BFSI, healthcare, retail, travel, and media and entertainment.
Detailed Regional Analysis
The global multi-cloud management market is segmented into North America, South America, Europe, and Rest of the World. North America is estimated to gain the largest share of the global multi-cloud management market over the forecast period. This can be owed to the proliferating adoption of the cloud management software in the region. Further, the presence of a sophisticated technological infrastructure in the region are expected to provide impetus to the regional market.
On the other hand, Asia Pacific is estimated to gain fastest growth rate over the forecast period. This can be owed to the rapid shift to digital platforms by various small and medium businesses, which has created a need for multi-cloud management software.
Some prominent global multi-cloud management vendors, as specified in the report include BMC Software (U.S.), CenturyLink (U.S.), Accenture (Ireland), VMware (U.S.), DoubleHorn (U.S.), RightScale (U.S.), CliQr (U.S.), Cloudyn (Israel), Dell Technologies (U.S.), Jamcracker (U.S.), IBM (U.S.), Citrix (U.S.), Turbonomic (U.S.), Micro Focus (Berkshire), Red Hat (U.S.), SixSq (Switzerland), Embotics (U.S.), Cloudmore (Sweden), Flexiant (UK), Navisite (U.S.), Scalr (U.S.), Rackspace (U.S.), CloudBolt (U.S.), CloudHelm (U.S.), and CloudEnablers (U.S.).
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