Multi Cloud Management Market

GMI Research analysis indicates that the Multi-Cloud Management Market size was estimated at USD 7.9 billion in 2022 and is slated to register a single digit CAGR of 22.7% over the forecast period, and is projected to reach USD 40.6 billion in 2030.

Overview of the Multi-Cloud Management Market Report

Multi-cloud management comprises procedures and tools that enable businesses to examine and secure the workloads and applications across several public clouds. Multi-cloud management solutions help the IT teams to handle multiple clouds via a single interface. This solution supports multiple cloud platforms, including AWS, Azure, and modern tools such as Kubernetes.

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Market Dynamic

Key Drivers and Emerging Trends

Multi-cloud management solutions provide enterprises with the flexibility to manage different cloud services. The management solutions also enable end-users to switch between different vendors instead of relying upon a single vendor offering them higher bargaining power. Thus, with the growing concerns about the dependability of single cloud servers, multi-cloud management solutions help end-users distribute their workload across different clouds. Further, other factors such as the increasing focus on automation and efficiency in organizational processes will drive the multi-cloud management market growth.

However, the drastic shift in the work culture due to the evolution of the coronavirus has encouraged the adoption of multi-cloud management solutions, as it helps employees to operate remotely without impacting their productivity. Also, these solutions helped improve the agility and data security, which was a necessity during the pandemic.

Restraint in the Multi-Cloud Management Market

The deployment of multi-cloud solutions is very complicated, which acts as a major factor hindering the market growth. The insufficient knowledge and challenges associated with network re-designing, strict regulatory norms, and portability concerns might further hamper the market growth.

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Platform- Segment Analysis

The external enablement platform is anticipated to dominate the market over the forecast period, owing to the growing market for cloud vendors. The incorporation of applications and services into a cloud services brokerage (CSB) platform, with the help of an external enablement platform, enables the Telecommunications Service Providers (TSPs), cloud computing vendors, IT distributors, Independent Software Vendors (ISVs) to expand the customer base.

Application- Segment Analysis

The lifecycle management application is anticipated to hold the largest share over the forecast period. Lifecycle management applications help organizations manage accessible cloud services and governance.

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Regional – Segment Analysis:

The North American Region is likely to lead the market with the highest share over the forecast period, owing to the increasing adoption of IoT and connected devices. Also, leading market players in this region are investing in advanced technologies to earn a competitive advantage in the market.

Europe is expected to expand at a faster CAGR over the forecast period. The strong presence of various multi-cloud architectural regions has driven the adoption of multi-cloud management solutions in Europe. Besides this, with the growing emphasis on decreasing the fixed capacity infrastructural expenses, several organizations in the European region have migrated their workload to the cloud. All these factors will drive the multi-cloud management market size in the upcoming years.

Top Market Players

Various notable players operating in the marketincludeBMC Software, CenturyLink, Accenture, VMWare, Inc., Flexera, Doublehorn, CliQr Technologies, Clodyn, Oracle Corporation, and IBM Corporationamong others. 

Key Developments:

• • In 2020, Oracle Corporation announced the launch of a comprehensive cloud management platform that examines mission-critical workload over public clouds and in the on-premises environments. The new Oracle Cloud Observability and Management Platform combines different existing management services by Oracle and includes six new ones for a complete full-stack solution aiming to ensure the uptime.

Segments Covered in the Report

The global multi-cloud management market has been segmented on the basis of platform, application, end user, and key regions. Based on platform, the market is segmented into internal enablement, external enablement. Based on application, the market is segmented into metering & billing, infrastructure & resource management, compliance management, lifecycle management, provisioning, others. By end user, the market is bifurcated into BFSI, IT & telecom, government, retail, healthcare, media & entertainment, travel & hospitality, others. 

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Key questions answered in this research report:

• • At what pace is global multi-cloud Management Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in multi-cloud management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global multi-cloud management market?
  • Which Platform generated maximum revenues in 2019 and identifies the most promising during the forecast period?
  • What are the various end user areas of global multi-cloud management market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Multi-Cloud Management Market by Platform

• • Internal Enablement
  • External Enablement

Global Multi-Cloud Management Market by Application

• • Metering & Billing
  • Infrastructure & Resource Management
  • Compliance Management
  • Lifecycle Management
  • Provisioning
  • Others

Global Multi-Cloud Management Market by End User

• • BFSI
  • IT & Telecom
  • Government
  • Retail
  • Healthcare
  • Media & Entertainment
  • Travel & Hospitality
  • Others

Global Multi-Cloud Management Market by Region

• • North America Multi Cloud Management Market (Option 1: As a part of the free 25% customization)

    • By Platform
    • By Application
    • By End User
    • US Market All-Up
    • Canada Market All-Up

  • Europe Multi Cloud Management Market (Option 2: As a part of the free 25% customization)

    • By Platform
    • By Application
    • By End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Multi Cloud Management Market (Option 3: As a part of the free 25% customization)

    • By Platform
    • By Application
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Multi Cloud Management Market (Option 4: As a part of the free 25% customization)

    • By Platform
    • By Application
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Multi-Cloud Management Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BMC Software
  • CenturyLink
  • Accenture
  • VMWare, Inc.
  • Flexera
  • Doublehorn
  • CliQr Technologies
  • Clodyn
  • Oracle Corporation
  • IBM Corporation