This report describes the global market size of Multi-cloud Management Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 27.5% from 2023 to 2030.
A firm can monitor and secure workloads and applications across several public clouds thanks to a collection of tools and procedures called multi-cloud management. Cloud services like Infrastructure as a Service (IaaS), Procurement as a Service (PaaS), SaaS, and others are offered using it.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Multi-cloud Management Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 27.5% during the forecast period 2023-2030. North American market for Multi-cloud Management Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Multi-cloud Management Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Solution
Security & Risk Management
Training & Consulting
Reporting & Analytics
Cloud Automation
Managed Services
Others
In 2022, the cloud automation market segment held the greatest market share with a value of about 24.7%. Automation is becoming a more popular choice among businesses as a way to manage diverse private, public, and hybrid cloud systems with constrained human resources. Cloud automated decision-making, including thorough log analysis, is anticipated to be significantly influenced by artificial intelligence (AI) and machine learning (ML). Large amounts of logging data can be analysed and patterns found using systems and solutions based on AI and ML. The learned insights can be applied to forecast server component failures or application failures. In other words, cloud automation makes it easier to predict infrastructure needs, which greatly aids in capacity planning.
Businesses choose cloud automation to make managing their public, private, and hybrid cloud systems easier as a result of governance challenges brought on by a multi-cloud strategy.
By Size
Small & Medium Enterprise (SME)
Large Enterprise
The largest portion of the total revenue in 2022 more than 58.3% was accounted for by the large enterprise segment. A multi-cloud strategy enables businesses to select the cloud services that best meet their unique needs from a variety of cloud offerings. big companies are increasingly looking for multi-cloud management solutions because the ML capabilities of multi-cloud settings may facilitate big data transfers. Adopting several clouds gives businesses additional options rather than relying just on the infrastructure, supplemental services, and pricing provided by a single cloud provider.
By End Use
BFSI
IT & Telecom
Consumer Goods & Retail
Manufacturing
Healthcare
Media & Entertainment
Government
Others
In 2022, the BFSI end-use category accounted for the greatest portion of total revenuemore than 25.4%. Banking institutions choose cloud-based setups to boost operational effectiveness and guarantee rapid client service. BFSI businesses often seek multi-cloud environments where one cloud can fail and the others can take over. Financial institutions can highly safeguard their settings and workloads with cloud solutions from vendors, who also guarantee regulatory compliance.
Temenos announced the launch of their "Temenos Transact next-generation core banking" on IBM Cloud using Red Hat OpenShift. The alliance aimed to increase the former company's footprint in the multi-cloud market and the multi-cloud market for the BFSI business. The public cloud platform makes use of the organization's market-leading encryption services and a policy structure that is specifically created to provide proactive and automated security for financial services regulatory workloads. To provide new products, multi-cloud management providers in the market are working with BFSI sector leaders.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2022, North America dominated the market and took the largest share, accounting for about 33.5% of total sales. The market for cloud services in North America is fast shifting from standalone cloud solutions to platforms that integrate onsite, public, and private IaaS. The demand for creative solutions built on the newest technology has been fueled by the ongoing deployment of wireless connectivity and the expanding usage of linked and IoT-enabled products.
Due to the increasing use of cloud-based solutions and the incorporation of cutting-edge technologies like edge computing and the Internet of Things, Asia Pacific is quickly overtaking Europe as the third-largest regional market.
By Company
BMC Software, Inc.
Citrix Systems Inc.
CloudBolt Software, Inc.
CoreStack
Dell Technologies Inc.
Flexera Software LLC
International Business Machines Corp.
Jamcracker Inc.
Microsoft Corp.
Trianz
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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