Multi-cloud Management Market Size & Share, by Type (Multi-cloud Security & Risk Management, Training & Consulting, Reporting & Analytics, Cloud Automation, Managed Services); Enterprise Size (SMEs, Large Enterprises); End Users (IT&ITes, BFSI, Healthcare and Life Science) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 602
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Multi-cloud Management Market size is poised to reach USD 90 Billion by the end of 2036, growing at a CAGR of 30% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of multi-cloud management was USD 9 Billion. This growth is driven by the scalability, accessibility, and cost efficiency of public cloud services, which are crucial for businesses aiming to optimize their operations across various multi-cloud providers through a centralized platforms. Accenture reports that migrating business operations to the public cloud can reduce total cost of ownership by as much as 40%, highlighting the financial advantages of leveraging public deployments within Multi-cloud Management frameworks.

In addition to these, other factors that are believed to fuel the market growth include integration of cloud automation and advanced AI and ML analytics. These technologies addresses the scarcity of human resources for managing complex cloud infrastructures and enable predictive maintenance and efficient capacity planning.

Multi-Cloud Management Market
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Multi-cloud Management Sector: Growth Drivers and Challenges

Growth Drivers

  • Adoption of Diverse Cloud Services: Rapid adoption of cloud-based services highlights how businesses are increasingly turning to a mix of cloud services to boost their operational flexibility. By integrating software as a Service (SaaS), infrastructure as a Service (IaaS) and Platform as a Service (PaaS) from various providers, companies can tailor their cloud environments to meet specific needs. This trend necessitates robust Multi-cloud Management solutions capable of centralizing control over these services, simplifying operations, and improving efficiency. The adoption of diverse cloud services underscores the need for flexibility in managing resources across different platforms, ensuring that businesses can leverage the best features of each cloud service providers.
  • Management Complexity of Hybrid Clouds: The complexity of managing hybrid cloud environment is another significant driver. As businesses increasingly adopt a blend of public and private clouds, the need for sophisticated management platforms become critical. This trend is reflected in recent data, showing that 66% of respondents utilize public cloud, while a significant 46% of organizations have invested in private cloud solutions, highlighting the complexity of managing multiple cloud environment. Therefore, these solutions are crucial for ensuring seamless interoperability, compliance, and robust governance across diverse cloud infrastructures, highlighting the market’s role in facilitating efficient hybrid cloud challenges. 
  • Management Complexity of Hybrid Clouds: The growing focus on hybrid and multi-cloud architecture highlights a significant expansion in multi-cloud management market. With 88% of users confirming the adoption of a multi-cloud strategy, and 71% of organizations favoring a hybrid approach, it’s evident that the demand for efficient Multi-cloud Management solutions is on the rise. This trend underscores the need for comprehensive management tools capable of effectively integrating, monitoring, and managing various cloud services. The market is poised to meet this demand by offering solutions that enable businesses to leverage the full benefits of hybrid and multi-cloud environments, including scalability, disaster recovery, and operational agility, thereby driving efficiency and optimization across cloud ecosystem.


  • Integration of Management Complexity: The task of integrating and managing multiple cloud services is complicated by the unique APIs services, and management interfaces offered by each cloud provider. This diversity requires significant efforts to ensure seamless operation and compatibility across different cloud platforms, complicating the overall management of multi-cloud environment.
  • Organizations are cautious about over reliance on a single cloud provider due to fears of reduced flexibility and potential challenges in negotiating terms. 
  • The complexity inherent in managing the diverse cloud environments necessitates specialized knowledge and skills, which are currently in short supply in the industry.

Multi-cloud Management Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

~ USD 9 Billion

Forecast Year Market Size (2036)

~ USD 90 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Multi-cloud Management Segmentation

Enterprise Size (SMEs, Large Enterprises)

The large enterprises segment is predicted to account for 75% share of the global multi-cloud management market by 2036. This significant growth is primarily due to large enterprises strategically embracing multi-cloud strategies. A staggering 92% of organizations in the US have either implemented or are currently pursuing multi-cloud strategies. Moreover, 83% of large enterprises have adopted hybrid cloud infrastructure, further emphasizing the shift towards more versatile cloud solutions. By selectively adopting various cloud services, these enterprises can significantly enhance their operational efficiency and reduce latency.

End User (IT & ITeS, BFSI, Healthcare and Life Science)

The BFSI segment is predicted to account for 37% share of the global multi-cloud management market by 2036. The segment growth can be attributed due to gravitating towards cloud-based solutions to boost operational efficiency and customer service. Emphasizing resilience, BFSI firms prefer multi-cloud setups to ensure continuity in case of single cloud failures. This pivot is also driven by the need of regulatory compliance and secure operations in banking sector as it encompasses huge number of transactions.

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


  • Multi-cloud Security & Risk Management
  • Training & Consulting
  • Reporting & Analytics
  • Automation
  • Managed Services

          Enterprise Size

  • Large Enterprises
  • SMEs

          End Users

  • IT & ITeS
  • BFSI
  • Healthcare & Life Science

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Multi-cloud Management Industry - Regional Synopsis

North American Market Forecast

The North America multi-cloud management market is anticipated to hold the largest with a share of about 35% by the end of 2036. The anticipated expansion of the market in this region can be attributed to the multitude factors, notably the dynamic adoption of cloud services by major enterprises and startups alike, the persistence of technological advancements, and the substantial presence of premier cloud services providers such as Microsoft, AWS, and Google Cloud. As per the surveys conducted, AWS have a largest sector of 33% for cloud infrastructure followed by Microsoft azure and Google with market share 22% and 10% respectively. Additionally, the dynamic and complex business landscape of North American countries including US and Canada necessitates efficient Multi-cloud Management solutions, further fueling the expansion of this sector. In region, the cloud service is quickly switching to platforms combining onsite, public and private IaaS from isolated cloud solution.

European Market Analysis

Multi-cloud management market in Europe is estimated to be the second largest, registering a share of about 30% by the end of 2036. The market’s expansion can be attributed majorly to the robust connectivity infrastructure, which is pivotal in driving cloud service adoption. Europe is witnessing a market migration of workloads to the cloud, aimed at reducing expenses linked to fixed capacity infrastructure and at capitalizing on cloud native service for deploying scalable cloud-based infrastructure. Furthermore, the establishment of several multi-cloud architectural in U.K., Germany, France in Europe is propelling the demand for Multi-cloud Management solutions. The relationship between these growth drivers and the market is synergistic, as businesses seek to enhance scalability and cost efficiency, the market responds with increased offerings and innovations in Multi-cloud Management, thereby fueling further adoption and market expansion.

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Multi-Cloud Management Market Size
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Companies Dominating the Multi-cloud Management Landscape

    • BMC Software, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • CloudBolt Software, Inc.
    • CoreStack
    • Dell Technologies Inc.
    • Flexera Software LLC
    • International Business Machines Corp.
    • Jamcracker Inc.
    • Microsoft Corp.
    • Trianz
    • Citrix Systems Inc
    • VMware Inc.


In The News

  • Virtana announced the integration of VirtualWisdom into its Virtana Platform, enhancing it SaaS offerings for hybrid cloud management and monitoring. This strategic move consolidated multiple management tools into a single platform, addressing the challenge to tool sprawl and simplifying cloud infrastructure operations for its customers. By combining these solutions, Virtana streamlined cloud management processes, making it easier for organizations to efficiently monitor and manage their cloud environments with a unified tool.  
  • IBM introduced the IBM hybrid cloud mesh, a solution designed to give enterprises better control over their multi-cloud infrastructures. This launch simplified cloud management, offering a comprehensive toolset for improved operational efficiency, flexibility, and resource optimization across various cloud platforms.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 602
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the Multi-cloud Management market are adoption of diverse cloud service, management complexity of hybrid clouds and driving efficiency in hybrid and multi-cloud architecture.

The market size of Multi-cloud Management is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2024-2036.

The major players in the market are BMC Software, Inc, CloudBolt Software, Inc., CoreStack, Dell Technologies Inc., Flexera Software LLC and others.

The large enterprises segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Multi Cloud Management Market Report Scope

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