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 2025-2037

  • Report ID: 602
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Multi-cloud Management Market size was valued at USD 12.65 billion in 2024 and is expected to reach USD 326.16 billion by 2037, expanding at around 28.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of multi-cloud management is evaluated at USD 15.52 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 centralized platforms. Accenture reports that migrating business operations to the public cloud can reduce the 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 market growth include the integration of cloud automation and advanced AI and ML analytics. These technologies address the scarcity of human resources for managing complex cloud infrastructures and enable predictive maintenance and efficient capacity planning.


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Multi-cloud Management Sector: Growth Drivers and Challenges

Growth Drivers

  • Adoption of diverse cloud services - The 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 provider.
  • Management complexity of hybrid clouds - The complexity of managing a hybrid cloud environment is another significant driver. As businesses increasingly adopt a blend of public and private clouds, the need for sophisticated management platforms becomes critical. This trend is reflected in recent data, showing that 66% of respondents utilize public clouds, while a significant 46% of organizations have invested in private cloud solutions, highlighting the complexity of managing multiple cloud environments.

    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. 

Challenges

  • 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 a multi-cloud environment.
  • Organizations are cautious about over relying on a single cloud provider due to fears of reduced flexibility and potential challenges in negotiating terms.
  • The complexity inherent in managing 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

2024

Forecast Year

2025-2037

CAGR

28.4%

Base Year Market Size (2024)

USD 12.65 billion

Forecast Year Market Size (2037)

USD 326.16 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)

In multi-cloud management market, large enterprises segment is poised to hold over 75% share by the end of 2037. The primary cause of this notable expansion is the deliberate adoption of multi-cloud strategies by large enterprises. 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)

In multi-cloud management market, BFSI segment is estimated to hold over 37% revenue share by the end of 2037.The segment's growth can be attributed to gravitation towards cloud-based solutions to boost operational efficiency and customer service. Emphasizing resilience, BFSI firms prefer multi-cloud setups to ensure continuity in the event of single-cloud failures. This pivot is also driven by the need for regulatory compliance and to secure operations in the banking sector, as it encompasses a huge number of transactions.

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

     Type

  • 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

By the end of 2037, North America region is expected to hold over 35% multi-cloud management market share. The anticipated expansion of the market in this region can be attributed to a multitude of 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 service providers such as Microsoft, AWS, and Google Cloud. As per the surveys conducted, AWS has the largest sector of 33% for cloud infrastructure, followed by Microsoft Azure and Google with market shares of 22% and 10%, respectively.

Additionally, the dynamic and complex business landscape of North American countries, including the US and Canada, necessitates efficient multi-cloud management solutions, further fueling the expansion of this sector. In the region, the cloud service is quickly switching to platforms combining onsite, public, and private IaaS from an isolated cloud solution.

European Market Analysis

By the end of 2037, Europe region in multi-cloud management market is anticipated to dominate around 30% revenue share. The market’s expansion can be attributed primarily 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 capitalizing on cloud native services for deploying scalable cloud-based infrastructure.

Furthermore, the establishment of several multi-cloud architectures in the U.K., Germany, and 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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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


  • Report ID: 602
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of multi-cloud management is evaluated at USD 15.52 billion.

The multi-cloud management market size was valued at USD 12.65 billion in 2024 and is expected to reach USD 326.16 billion by 2037, expanding at around 28.4% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by adoption of diverse cloud service, management complexity of hybrid clouds and driving efficiency in hybrid and multi-cloud architecture.

North America industry is set to dominate majority revenue share of 35% by 2037, due to dynamic adoption of cloud services by major enterprises and the substantial presence of premier cloud services in the region.

The major players in the market include BMC Software, Inc., CloudBolt Software, Inc., CoreStack, Dell Technologies Inc., Flexera Software LLC, International Business Machines Corp., Jamcracker Inc., Microsoft Corp., Trianz, Citrix Systems Inc, VMware Inc.
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