Some prominent global multi-cloud management vendors, as specified in the report include BMC Software (U.S.), CenturyLink (U.S.), Accenture (Ireland), VMware (U.S.), DoubleHorn (U.S.), RightScale (U.S.), CliQr (U.S.), Cloudyn (Israel), Dell Technologies (U.S.), Jamcracker (U.S.), IBM (U.S.), Citrix (U.S.), Turbonomic (U.S.), Micro Focus (Berkshire), Red Hat (U.S.), SixSq (Switzerland), Embotics (U.S.), Cloudmore (Sweden), Flexiant (UK), Navisite (U.S.), Scalr (U.S.), Rackspace (U.S.), CloudBolt (U.S.), CloudHelm (U.S.), and CloudEnablers (U.S.)
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Factors such as Improvement in security and reduction of the complexities related to the management of cloud storage are driving the expansion of the market at a consistently fast pace. Private clouds have increased the demand for the market by a providing greater degree of control over the operations that are implemented at each level. The market is expected to be benefitted in the forecast period by the presence of a well-established infrastructure.
Multi-Cloud management is a combination of research and innovation with a complete lifecycle of cloud-ready solutions. Upscaling demand for cloud computing is one of the most significant factors driving the global multi-cloud management market over the forecast period, as suggested in the latest study by Market Research Future (MRFR). There are several factors listed in the report that are poised to provide impetus to the global multi-cloud management market over the forecast period. Lower cost of these solutions, higher flexibility, agility, and security are some of the factors contributing to the ascension of the global multi-cloud management market over the forecast period.
The global multi-cloud management market is poised to gain a robust CAGR of 31% during the forecast period of 2020-2023. A rise in the scope of application of these solutions in different industry verticals is supplementing the growth witnessed by the global multi-cloud management market. Further, a need for a high-level of governance and policies is also fueling the market growth in the forthcoming years. It also allows various users for the management and provision of computes, storage, network, and application services at scale across hybrid cloud environments through new integrations of VMWare vRealize products.
The global multi-cloud management market is studied for various segments that are based on platform, service type, application, deployment, and vertical based on platform, the global multi-cloud management market is segmented into external enablement and internal enablement. Based on service type, the global multi-cloud management market is segmented into migration and integration, cloud automation, reporting and analytics, data security and risk management, monitoring and access management, training and consulting, and support and maintenance.
Based on deployment, the global multi-cloud management market is segmented into private cloud, public cloud, and hybrid cloud. Based on application, the global multi-cloud management market is segmented into infrastructure and resource management, metering and billing, compliance management, provisioning, identity and policy management, and lifecycle management. Based on vertical, the global multi-cloud management market is segmented into IT and telecommunication, BFSI, healthcare, retail, travel, and media and entertainment.
Detailed Regional Analysis:
The multi cloud management market globally covers regions such as Asia Pacific, Europe, North America, and Rest of the World. It has been observed that the North American region is likely to have the major portion of the market, although the Asia Pacific region is projected to expand at the fastest rate during the forecast period. The development of the North American market is accredited to the technological expansions and improved adoption of cloud based technologies across several industry verticals. The North American region is the chief market globally followed by the European and Asia Pacific region. Canada and The U.S. are dominating the North American market owing to growing technological developments and the increasing need to avoid vendor lock-ins in the region. Additionally, the region has a well-established infrastructure, which permits faster implementation of progressive technologies. Furthermore, the rising adoption of the internet of things and growing demand for business agility are main factors motivating the expansion of the multi-cloud management market in the region.
The companies in this market are adjusting to the state of events by employing portfolio upgrades and upholding financial fluidity. The market competitors are framing their plans for corporate strategy in a way can bring about the best value for growth in the current scenario, while also simultaneously improving their product’s value. The continual delivery of customer value has enhanced the market value of the industry. The proficiency to fuel competitive capabilities is among the main reasons powering their efforts in this period. Moreover, the challengers are handling the competitive environment by driving the market growth elements to their advantage. The growing levels of diversification in the industry, have permitted the companies to use many chances available in the industry. The forecast for growth in the market appears to be promising through the forecast period.
Table of Content:
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued. . .
List of Table:
Table 1 Global Multi Cloud Management Market: By Region, 2017-2023
Table 2 North America Multi Cloud Management Market: By Country, 2017-2023
Table 3 Europe Multi Cloud Management Market: By Country, 2017-2023
Table 4 Asia-Pacific Multi Cloud Management Market: By Country, 2017-2023
Table 5 Middle East & Africa Multi Cloud Management Market: By Country, 2017-2023
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