How big is the Global Multi-Cloud Management market?

According to MarkNtel Advisors study, The Global Multi-Cloud Management Market size is projected to grow at a CAGR of around 27.76% during the forecast period, i.e., 2024-30.

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Global Multi-Cloud Management Market Driver:

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.

Leading 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.

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Global Multi-Cloud Management Market Segmentation:

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)

Large enterprises emerge as the predominant consumers of multi-cloud solutions due to their intricate business needs, complex networks, resource demands, and strategic objectives.

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)

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)

Regional/ Countries Insight:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The Asia-Pacific region is foreseen to emerge as the fastest-growing market for multi-cloud management in the forecast years.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.