According to the latest report by IMARC Group, “Global Multi-Cloud Management Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global multi-cloud management market reached a value of US$ 6.43 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.23 Billion by 2027, exhibiting a CAGR of 27.50% during 2022-2027.
Multi-cloud management refers to a set of tools used to access, monitor, control, and secure cloud services offered by several vendors. It relies on various tools to provide a centralized platform for simplifying and streamlining the management process. It also assists in minimizing the workload on information technology (IT) teams. Owing to these properties, multi-cloud management solutions are widely adopted across telecommunications, healthcare, retail, banking, financial services, and insurance (BFSI) industries.
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Multi-Cloud Management Market Trends:
The market is primarily driven by the rising product adoption in billing, provision, and compliance activities. In addition, the increasing incidences of distributed denial of service (DDoS) attacks across the globe represent another major growth-inducing factor. Multi-cloud management solutions lower the chances of DDoS attacks by securing access to networks, applications, servers, devices, services, and specific transactions within applications.
Moreover, the market is further propelled by the widespread availability of cloud services brokerage (CSB) that eases the integration, installation, analytics, reporting, security, risk management, and other services related to multi-cloud management. Other factors, such as the growing inclination toward price-sensitive cloud deployments, the surging need to avoid vendor lock-in, and the rapid expansion of small and medium enterprises (SMEs), are also creating a positive market outlook.
Global Multi-Cloud Management Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Accenture plc
- BMC Software Inc.
- Cloudbolt Software Inc.
- Dell Inc.
- Flexera
- CenturyLink
- Cisco Systems Inc.
- Citrix Systems Inc.
- International Business Machines Corporation
- Jamcracker Inc.
- Micro Focus International plc
- Vmware Inc.
The report has segmented the market on the basis of component, deployment mode, enterprise size, application, industry vertical and region.
Breakup by Component:
- Software
- Services
- Security and Risk Management
- Training and Consulting
- Reporting and Analytics
- Cloud Automation
- Migration and Integration
- Support and Maintenance
- Others
Breakup by Deployment Mode:
- Private Cloud
- Public Cloud
- Hybrid Cloud
Breakup by Enterprise Size:
- Small Medium Enterprise (SME)
- Large Enterprise
Breakup by Application:
- Identity and Policy Management
- Compliance Management
- Infrastructure and Resource Management
- Metering and Billing
- Provisioning
- Lifecycle Management
- Others
Breakup by Industry Vertical:
- BFSI
- IT and Telecommunication
- Healthcare
- Retail and Consumer Goods
- Public Sector
- Energy and Utilities
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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