Multi-Cloud Management Market

Global Multi-Cloud Management Market is valued at USD 6.10 Billion in 2021 and expected to reach USD 39.77 Billion by 2028 with a CAGR of 30.7% over the forecast period.

Global Multi-Cloud Management Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing need to avoid vendor lock-in, rising availability of cloud services brokerage (CSB), and growing mergers and acquisition activities in this market are some of the major factors driving the growth of the Global Multi-Cloud Management Market.

Scope of Global Multi-Cloud Management Market

Multi-cloud management is a set of tools used to organize, integrate, control, and manage multiple cloud services provided by different vendors. These services can be infrastructure management, resource management, policy management, access control management, lifestyle management, metering and billing, identity and access management, and other applications. Multi-cloud management platforms are used to provide services to multiple business organizations and facilitate flexibility. This platform also provides cloud services like SaaS, PaaS, IaaS, and others. Along with the entire lifecycle of cloud-ready solutions, multi-cloud management entails a mix of innovation and research.

The Covid-19 pandemic has positively impacted the growth of the global multi-cloud management market. The adoption of multi-cloud management solutions and services during the ongoing Covid-19 pandemic has had a significant impact as enterprises migrate to cloud platforms, which has seen the increased deployment of remote access tools and services to ensure business continuity and data security. Multi-cloud management providers are rapidly increasing their sales volume and market demand.

The global multi-cloud management market is segmented based on the platform, application, service type, deployment model, vertical and region & country level. Based on the platform, the global multi-cloud management market is segmented into external brokerage enablement and internal brokerage enablement. By application, the global market is segmented into identity & policy management, metering & billing, compliance management, provisioning, infrastructure & resource management, lifecycle management, and others. By service type, the global multi-cloud management market is segmented into cloud automation, monitoring & access management, data security & risk management, reporting & analytics, migration & integration, training & consulting, support & maintenance, and others. By deployment model, the global market is segmented into the hybrid cloud, private cloud, and public cloud. By vertical, the global multi-cloud management market is segmented into government & public sector, BFSI, travel & hospitality, healthcare & life sciences, telecommunications & IT-enabled services (ITES), media & entertainment, retail & consumer goods, and others.

The regions covered in the global multi-cloud management market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global multi-cloud management is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players of Global Multi-Cloud Management Market

Some major key players for the global Multi-cloud Management Market report cover prominent players like

• CenturyLink
• Cisco Systems Inc
• Citrix Systems Inc
• Flexera
• International Business Machines Corporation
• Jamcracker Inc
• Micro Focus International plc
• Accenture plc
• BMC Software Inc
• Cloudbolt Software Inc
• Dell Inc
• others.

Multi-Cloud Management Segmentation

By Platform

• External Brokerage Enablement
• Internal Brokerage Enablement

By Application

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

By Service Type

• Cloud Automation
• Monitoring & Access Management
• Data Security & Risk Management
• Reporting & Analytics
• Migration & Integration
• Training & Consulting
• Support & Maintenance
• Others

By Deployment Model

• Hybrid Cloud
• Private Cloud
• Public Cloud

By Vertical

• Government & Public Sector
• BFSI, Travel & Hospitality
• Healthcare & Life Sciences
• Telecommunications & IT-enabled Services
• Media & Entertainment
• Retail & Consumer Goods
• Others

News

VMware Launched Multi-Cloud Management with VMware Aria

On September 5^th, 2022; VMware unveiled a multi-cloud management portfolio called VMware Aria, which aims to provide end-to-end solutions for managing the cost, performance, configuration, and delivery of infrastructure and cloud-native applications. Powering VMware Aria is VMware Aria Graph, the graph-based data store technology that captures the complexity of customers’ multi-cloud environments.

du and Wipro Launched the Multi-Cloud Platform for Seamless Migration and Management of Multi-Cloud Infrastructure

On July 4^th, 2021; du, from Emirates Integrated Telecommunications Company (EITC), and Wipro Limited, a leading global information technology, consulting, and business process services company, announced their new multi-cloud platform. The two companies had partnered to deliver market-leading multi-cloud management and migration capabilities through this platform, which aligns with their goals of facilitating and accelerating digital transformation and cloud adoption across the UAE.

Oracle Launched Multi-Cloud Management Platform

On October 6^th, 2020; Oracle entered the multi-cloud and hybrid management and monitoring fray in what has become a crowded market. The company launched the Oracle Cloud Observability and Management Platform, which is a suite of management, diagnostic and analytics tools to manage multiple clouds and on-premise environments.

Increasing Need to Avoid Vendor Lock-in, Rising Availability of Cloud Services Brokerage (CSB), and Growing Mergers And Acquisition Activities in this Market are Some of the Major Factors Driving the Market Growth

One of the major factors driving the growth of the multi-cloud management market is the increasing need to avoid vendor lock-in. Fear of vendor lock-in is often cited as a major barrier to adopting cloud services. Multi-cloud management has enabled end users to switch between different vendors & reduce dependency on a single vendor. This relative freedom encourages end users to negotiate with vendors for improved pricing, service-level agreements (SLAs), or both. Additionally, multi-cloud management also provides flexibility in data deployment and enables end users to move their workloads to multiple clouds as needed. Hence, multi-cloud management eliminates vendor lock-in and enables seamless migration from one vendor to another vendor. For instance; on January 17^th, 2020; Segment and Others launched ‘Platform of Independents’ to fight vendor lock-in.

In addition, the rising availability of cloud services brokerage (CSB) is also boosting the growth of the multi-cloud management market. Cloud services brokerage is an IT role & business model in which a company or other entity adds value to one or more (public or private) cloud services on behalf of one or more consumers of that service through three primary roles, including integration, aggregation, and customization brokerage. Availability of cloud services brokerage (CSB) facilitates installation, integration, reporting, analytics, security, risk management, and other services related to multi-cloud management. Furthermore, it offers a common platform for handling by customers and handles multiple clouds on the back end. Increasing demand for cloud brokerage services is expected to positively impact the multi-cloud management market.

Moreover, the growing mergers and acquisitions activities in this market are also supplementing the market growth. For instance,; on November 27^th, 2018; Red Hat, Inc. acquired NooBaa, an early-stage company developing software for managing data storage services in hybrid and multi-cloud environments. However, the lack of adequate skills associated with multi-cloud management may hinder the growth of the global multi-cloud management market. Despite that, a transformational opportunity for ISVs in SaaS providers, and increasing adoption of hybrid & public cloud may create more opportunities for the further growth of the global multi-cloud management market.

North America is Expected to Dominate the Global Multi-Cloud Management Market

Geographically, North America is expected to dominate the global multi-cloud management market within the forecast period due to the increasing adoption of connected and IoT-enabled devices, rising technological advancements, and growing demand for efficient computing frameworks in this region. Increasing adoption of connected and IoT-enabled devices are supplementing the growth of the market. In addition, the rising technological advancements area also augumenting the market growth in this region. For instance; on May 2^nd, 2022; Dell Technologies expanded multi-cloud experiences in cyber recovery, data analytics, and partner ecosystem.

Europe is the fastest-growing region in the global multi-cloud management market due to the increase in cloud services, rising adoption of multi-cloud management solutions and integration of new technologies in this region.

By Regional & Country Level

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 6.10 Billion
Base year considered	2021
Forecast Period CAGR %:	30.7%
Market Size Expected in 2028:	USD 39.77 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	CenturyLink, Cisco Systems, Citrix Systems, Flexera, International Business Machines Corporation, Jamcracker, Micro Focus International plc, Accenture plc, BMC Software, Cloudbolt Software, Dell Inc., and others.
Segments Covered	By Platform, By Application, By Service Type, By Deployment Model, By Vertical, By End-User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa