report-bg

Multi Cloud Management Market

Size : Global Industry Demand, Growth, share & Forecast 2024

Buy Now
Report ID: 602 | Published On: Feb 13, 2023
Request Free Sample Copy

Market Segmentation

Our in-depth analysis of the global multi cloud management market includes the following segments:

By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Service

  • Cloud Automation
  • Task Migration and Integration
  • Professional Services
  • Reporting and Analytics
  • Managed Services

By Application

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


multi cloud management
Get more information on this report: Request Sample PDF

Market Size and Forecast

The global multi cloud management market is expected to expand at a robust CAGR of 32.1% during the forecast period of 2017-2024. Further, the market of multi cloud management was valued at USD 0.97 Billion in 2016 and is projected to garner USD 7.89 Billion by the end of 2024. Rising demand for multi-cloud management solutions and services among enterprises is anticipated to drive the growth of multi cloud management market. Further, the need for business agility is expected to expand the global multi cloud management market.

Globally, North-America is projected to dominate the overall multi cloud management market during the forecast period. Increasing adoption of digital business strategies in the region is expected to positively impact the growth of multi cloud management market. Further, the organizations have invested hugely on advanced technologies to gain a competitive advantage and improve the business operations. Moreover, increasing need for efficient computing framework bodes well for the growth of multi cloud management market in North America.

multi cloud management

Europe multi cloud management market is rising due to the shifting of workload to cloud environment. Moreover, advancement and availability of wide number of efficient multi cloud architecture region is fostering the growth of multi cloud management. The multi cloud management market in Asia-Pacific region is expected to benefit from positive economic outlook in the region of multi cloud management. Moreover, increased spending on information technology infrastructure is anticipated to strengthen the growth of the multi cloud management market. Middle East and Africa multi cloud management market is anticipated to showcase significant growth during the forecast period.Based on deployment model, multi cloud management market is segmented into public cloud, private cloud, hybrid cloud. Further, private cloud is accounted for the largest market share in overall multi cloud management market.

CLICK TO DOWNLOAD FREE SAMPLE


By Region

Global multi cloud management market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis


Growth Drivers and Challenges

Increasing agility and automation features across the globe is anticipated to intensify the growth of the global multi cloud management market. In addition, increasing technical infrastructure in multi cloud architecture is anticipated to positively drive the growth of the multi cloud management market.

Apart from this, rising governance and compliance management is anticipated to be the dynamic factor behind the growth of the multi cloud management market. Factor such as, increasing need to avoid vendor lock-ins is anticipated to supplement the growth of the global multi cloud management market.

Further, rising number of multi cloud architecture are likely to further strengthen the growth of the multi cloud management market. In addition, increasing penetration of cloud computing and related technologies, such as internet of things, big data, and server less architecture is predicted to contribute significantly towards the growth of multi cloud management market over the forecast period.

However, lack of security and complexities in re-designing the network for cloud are some of the key factors which are expected to limit the growth of global multi cloud management market in upcoming years.


Get more information on this report: Request Sample PDF

Top Featured Companies Dominating The Market

    • Dell Technologies
      • Company Overview
      • Key Product Offering
      • Business Strategy
      • SWOT Analysis
      • Financials
    • Accenture
    • IBM Corporation
    • BMC Software
    • Turbonomic
    • Rightscale Inc.
    • Cliqr Technologies Inc.
    • Jamcracker
    • Cloudmore
    • Doublehorn

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample