Global Multi-Cloud Management Industry Projected to Reach US$75 Billion by 2032 | Fact.MR Analysis
The global multi-cloud management market was estimated at US$ 6.5 Billion in 2021, and is expected to reach US$ 9 Billion in 2022. Furthermore, the market is predicted to increase at a CAGR of 23.6% from 2022 to 2032.
Over the projected period, the industry’s growth will be driven by an increasing emphasis on automation, efficiency, and effective organizational governance procedures.
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North America is estimated to hold the largest market share
End users have more bargaining power with multi-cloud management as they can switch between providers rather than relying on a single provider. End users can also use multi-cloud management to spread workloads across multiple clouds, providing greater flexibility in data distribution. During the forecast period, North America is estimated to hold the largest market share in the multi-cloud management market, followed by Europe. The cloud services industry in the region is rapidly moving from isolated cloud solutions to platforms that integrate on-premises, public and private IaaS.
Europe is expected to be the second largest region in the industry in terms of market size, driven by strong economic infrastructure and business demand for cloud services.
Market research highlights
• By the end of 2022, managed multi-cloud deployments will be worth $9 billion.
• According to Fact.MR, large enterprises will account for the majority of multi-cloud management usage, expanding at a CAGR of 22%.
• Projected to reach 35% share of US multi-cloud management market by 2022
• Germany will accelerate to a CAGR of 21%, becoming a key growth spot in Europe.
• The BFSI segment is expected to grow at a CAGR of 23% over the forecast period.
• The global multi-cloud management market will grow 8.3x from 2022 to 2032.
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Market Competition
Entering new geographies, partnering with government agencies or service providers, and rebranding initiatives include several key strategies adopted by leading multi-cloud management providers. Some notable market developments include:
• In April 2022, Alibaba Cloud partnered with VMware to provide a new Alibaba Cloud VMware service in China. This launch accelerates enterprise digital transformation. This allows enterprises to upgrade and migrate apps, as well as move workloads between managed multi-cloud environments from VMware and Alibaba.
• In September 2021, VMware, Inc. acquired Mode.net, a company recognized for integrating physically disparate core services into a coherent network that unifies cloud scalability and adaptability with guaranteed QoS and SLAs. This purchase strengthens VMware’s portfolio of technology and talent while continuing to deliver the VMware Telco Cloud.
• May 2022 CoreStack and Ingram Micro Cloud have partnered to deliver next-generation solutions for FinOps and Cloud Governance. CoreStack solutions include CloudOps for cloud management and acceleration, FinOps for cloud cost management (FinOps), and SecOps for cloud security posture management.
Key Multi-Cloud Management Providers
- BMC Software, Inc.
- Citrix Systems, Inc.
- CloudBolt Software, Inc.
- CoreStack
- Dell Technologies, Inc.
- Flexera Software LLC
- International Business Machines Corp.
- Jamcracker Inc.
- Microsoft Corp.
- Concierto.cloud
- VMware Inc.
Key segments covered in the Multi-Cloud Management market report
- By Type :
- Security & Risk Management
- Training & Consulting
- Reporting & Analytics
- Multi-Cloud Automation
- Managed Multi-Cloud Services
- Other Types
- By Enterprise :
- Small & Medium Enterprises (SME)
- Large Enterprises
- By End Use :
- BFSI
- IT & Telecom
- Consumer Goods & Retail
- Manufacturing
- Healthcare
- Media & Entertainment
- Government
- Other End Uses
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Responses to Multi-Cloud Management Market Report are:
• How has the multi-cloud management market grown?
• What is the current and future outlook for global multi-cloud management by region?
• What are the challenges and opportunities of multicloud management?
• Why is multi-cloud management consumption the highest in the region?
• In which year is segment expected to overtake segment?
What distinguishes Fact.MR reports from other reports?
• MR follows a six-step mechanism known as EVOLVE (Assess. Visualize. Surpass. Exploit. Verify. Eradicate.). This report has been specially created to evaluate the impact of COVID-19 on the Multi-Cloud Management market. This mechanism focuses on almost all factors in a clear way to provide the market stakeholders with the best research reports.
• Evaluation: The Fact.MR report is differentiated and special from other reports as it evaluates every little aspect that could be a growth driver for the multi-cloud management market.
• Visualization: Authors involved in the research effort visualize the post-COVID-19 era to help key market stakeholders gain an overview and take specific steps to ensure continued growth during the forecast period.
• Overcome: This report examines what could be the Achilles heel of the multi-cloud management market and helps create strategies to overcome the obstacles that could hinder the growth of the multi-cloud management market.
• Leverage: The multi-cloud management market can leverage certain aspects that can help increase its growth rate. Fact.MR covers all points that key stakeholders can leverage.
• Verification: Investigations are systematically conducted to ensure verification of all aspects covered by the report. All points are thoroughly double-checked and verified to avoid defects and misinformation.
• Eliminate: Ultimately, this aspect helps key stakeholders eliminate any barriers standing between the growth rate and the multi-cloud management market.
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