Adoption of hybrid & public cloud, availability of cloud services brokerage, and forward integration among independent service providers to offer SaaS services are expected to open lucrative opportunities for market growth. Rise in need to avoid vendor lock-in, growing need of policy compliances from regulatory bodies for data sovereignty, and inclination of companies toward price-sensitive cloud deployments coupled with uncertainty regarding single cloud reliability drive the growth of the global multi-cloud management market.
Major key players such as – VMWare, BMC Software, Accenture, IBM, Cisco, CenturyLink, Cloudyn, Rightscale, Citrix, and Jamcracker.
The global multi-cloud management market was accounted for $1.19 billion in 2016, and is anticipated to garner $6.81 billion by 2023, registering at a CAGR of 28.4% from 2017 to 2023.
Based on application, the infrastructure and resource management segment held the lion’s share in 2016 and is expected to maintain its dominance throughout the forecast period. Moreover, the segment is projected to portray the highest CAGR of 27.1% during the forecast period.
The global multi-cloud management market is segmented on the basis of component, deployment model, application, industry vertical, and region. Based on deployment model, the hybrid segment held the largest share in 2016. Moreover, the segment is estimated to register the highest CAGR of 29.1% during the forecast period.
Download Sample Report (Get Full Insights in PDF – 265 Pages) at:
The global multi-cloud management market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2016. However, the market Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- The global adoption of work from home culture encouraged companies to shift their workload on the cloud to maintain a foothold in the market. This increased the demand for multi-cloud management services.
- The Covid-19 pandemic presented several unprecedented challenges for companies and they need to adopt several tools and partner with technology giants such as Microsoft, AWS, and Zscaler to maintain seamless workflow.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4541
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.