Multi-cloud is the use of two or more cloud computing systems at the same time in a sole heterogenous architecture. The deployment model used can be of private, public, or hybrid type or combination of any two or more. It is basically combination of best-suited solutions and services from different cloud vendors, which cater to the needs of an organization at the optimum level. It offers redundancy in case of system failure; offers multiple options of services, applications, & workloads of individuals without conceding on one-size-fits-all solutions; minimizes risk of potential downtime, bandwidth problems, & outage issues; improves geo-presence of an organization; reduces costs; and avoids vendor lock-in. Multi-cloud management platforms or tools help enterprises to manage involved clouds as if they are a single entity.
The primary factors that drive the growth in multi-cloud management market are uncertainty about single cloud reliability and growth in need to avoid vendor lock-ins. Other factors that fuel the growth include increase in need of process automation, growth in inclination of organizations toward price-sensitive cloud deployments, and rise in need of regulatory compliances from regulatory bodies for data sovereignty.
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However, difficulty in management of multi-cloud system, lack of expertise available to handle multi-cloud management system, and the need to check compliance as different vendors are involved hamper the adoption of multi-cloud management systems. Nonetheless, considerable growth in adoption of hybrid & public cloud, availability of cloud brokerage services, and forward integration among independent service providers to offer SaaS services is expected to offer significant growth opportunities for multi-cloud management solution providers during the forecast period.
The global multi-cloud management market is segmented based on component, deployment model, application, industry vertical, and region. As per component, the market is bifurcated into software and services. Services segment is further categorized into security and risk management, training and consulting, reporting and analytics, cloud automation, migration and integration, support and maintenance, and others. Based on deployment model, the market is divided into private, public, and hybrid cloud. As per application, multi-cloud management market size is segregated into identity and policy management, compliance management, infrastructure and resource management, metering and billing, provisioning, lifecycle management, and others. Industry vertical segment is studied across banking, financial services, and insurance, IT & telecommunication, healthcare, retail and consumer goods, public sector, energy & utilities, and other industry verticals. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
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In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
KEY BENEFITS
In-depth analysis of the global multi-cloud management market along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the multi-cloud management market and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided in the report.
Detailed analysis of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
Profile analysis of leading players that operate in the multi-cloud management market are provided in the report, which highlight the major developmental strategies such as mergers & acquisitions, expansions, and new product launches adopted by these companies.
The key players profiled in the report are as follows:
Accenture
BMC Software
CenturyLink
Citrix
Cisco Systems, Inc.
Cloudyn
Jamcracker, Inc.
IBM Corporation
RightScale, Inc.
VMWare
KEY MARKET SEGMENTS
Multi-Cloud Management Market by Component
Software
Services
Security and Risk Management
Training and Consulting
Reporting and Analytics
Cloud Automation
Migration and Integration
Support and Maintenance
Others
Multi-Cloud Management Market Deployment Model
Private Cloud
Public Cloud
Hybrid Cloud
Multi-Cloud Management Market Application
Identity and Policy Management
Compliance Management
Infrastructure and Resource Management
Metering and Billing
Provisioning
Lifecycle Management
Others
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Multi-Cloud Management Market Industry Vertical
Banking, Financial Services, and Insurance
IT & Telecommunication
Healthcare
Retail and Consumer Goods
Public Sector
Energy and Utilities
Others
Multi-Cloud Management Market Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
Japan
India
China
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
UAE
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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