The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Multi-Cloud Management Market Industry (2024-2030):
According to the latest report, the Global Multi-Cloud Management Market size is estimated to grow at a CAGR of around 27.76% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Global Multi-Cloud Management Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 27.76%
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What are the major Driver the Global Multi-Cloud Management industry?
Growing Propensity to Avoid Vendor Lock-in & Enhance Business Flexibility to Fuel Market Demand – As businesses around the world are increasingly adopting cloud computing, they face the risk of vendor lock-in, where reliance on a single cloud provider limits flexibility & increases costs. Therefore, organizations are seeking possible options to mitigate this risk and ensure they are not bound to a single provider's pricing model. Also, as multi-cloud platforms & services allow them to leverage the strengths of different providers, optimizing performance and reducing dependency on any single vendor effectively, its adoption is on the rise across the business units seeking better scalability & flexibility.
Global Multi-Cloud Management Market Segmentation
The Global Multi-Cloud Management Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Component
- Security & Risk Management- Market Size & Forecast 2019-2030F, (USD Million)
- Reporting & Analytics- Market Size & Forecast 2019-2030F, (USD Million)
- Cloud Automation- Market Size & Forecast 2019-2030F, (USD Million)
- Training & Consulting- Market Size & Forecast 2019-2030F, (USD Million)
- Managed Services- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Migration & Integration, Monitoring & Access Management, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
- By Deployment Mode
- Public Cloud- Market Size & Forecast 2019-2030F, (USD Million)
- Private Cloud- Market Size & Forecast 2019-2030F, (USD Million)
- Hybrid Cloud- Market Size & Forecast 2019-2030F, (USD Million)
- By Organization Size
- Large Enterprises- Market Size & Forecast 2019-2030F, (USD Million)
- Small & Medium Enterprises- Market Size & Forecast 2019-2030F, (USD Million)
- By Application
- Metering & Billing- Market Size & Forecast 2019-2030F, (USD Million)
- Infrastructure & Resource Management- Market Size & Forecast 2019-2030F, (USD Million)
- Provisioning- Market Size & Forecast 2019-2030F, (USD Million)
- Compliance Management- Market Size & Forecast 2019-2030F, (USD Million)
- Lifecycle Management- Market Size & Forecast 2019-2030F, (USD Million)
- Identity & Policy Management- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Cost Management, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
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- By End User
- Hospitality- Market Size & Forecast 2019-2030F, (USD Million)
- IT & Telecom- Market Size & Forecast 2019-2030F, (USD Million)
- Consumer Goods- Market Size & Forecast 2019-2030F, (USD Million)
- Transportation & Logistics - Market Size & Forecast 2019-2030F, (USD Million)
- Health & Life Sciences- Market Size & Forecast 2019-2030F, (USD Million)
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030F, (USD Million)
- Media & Entertainment- Market Size & Forecast 2019-2030F, (USD Million)
- Retail- Market Size & Forecast 2019-2030F, (USD Million)
- Other- (Advertising, Education, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Global Multi-Cloud Management Market is expected to be dominated by the North America by capturing the potential market share.
Top Companies in the Global Multi-Cloud Management Market
Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc. , Dell Technologies, Citrix Systems Inc., Flexera, Cisco Systems Inc., Rackspace Technology, Broadcom (VMware Inc.), Lumen Technologies, Trianz, BMC Software Inc., Kyndryl Inc.
Global Multi-Cloud Management Industry Recent Development:
- 2024: Flexera announced the acquisition of Snow Software, a multi-cloud solution & service provider to broaden its portfolio offerings
- 2023: Dell Technologies, announced the launch of its APEX Cloud Platform for Microsoft Azure to address the challenges of managing IT infrastructure in hybrid & multi-cloud environments.
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