Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Multi-Cloud Management Market Size

The global multi-cloud management market reached nearly USD 8.29 billion in 2023. The market is projected to grow at a CAGR of 27.9% between 2024 and 2032, reaching a value of around USD 75.55 billion by 2032.

 

Key Trends in the Market

Multi-cloud management encompasses a set of tools and procedures that are utilised to efficiently oversee and control multiple cloud computing environments, typically a combination of public, private, and hybrid clouds. It involves the coordination, integration, and optimisation of resources, applications, data, and services across diverse cloud platforms to meet organisational requirements and objectives.

 

  • One of the major catalysts behind the multi-cloud management market growth is the growing demand to manage multiple cloud services through a single centralised architecture. This approach enables enterprises to seamlessly deploy and administer sophisticated applications across diverse service providers. Hence, the demand for multi-cloud management services is fuelled by the escalating adoption of cloud services.
  • The development of centralisation technologies and open-source container orchestration systems significantly propel the multi-cloud management market demand. Organisations can effectively handle and automate containerised workloads on a large scale with the utilisation of container orchestration tools. The implementation of these technologies can simplify multi-cloud management and enable effortless deployment and administration of applications across a wide range of cloud environments.
  • Organisations are increasingly embracing hybrid and multi-cloud strategies, which represents a noteworthy multi-cloud management market trend. Hybrid clouds merge public and private cloud environments, empowering businesses to capitalise on the agility and versatility of public clouds while simultaneously retaining authority over sensitive data through private clouds.

 

Multi-Cloud Management Market Report Snapshots

Multi-Cloud Management Market Size

Multi-Cloud Management Market Share

Multi-Cloud Management Market Analysis

Multi-Cloud Management Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 8.29 billion.

The market is projected to grow at a CAGR of 27.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 75.55 billion by 2032.

The market is being driven by the rising adoption of cloud technologies and the increasing focus on leveraging automation in various end-use sectors.

The major trends driving the market growth include the increasing adoption of hybrid cloud strategies and the development of centralisation technologies and open-source container orchestration systems.

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major industry verticals for the product include energy and utilities, telecommunication and IT-enabled services (ITES), travel and hospitality, BFSI, healthcare and life sciences, retail and consumer goods, government and public sector, and media and entertainment, among others.

The key players in the market include VMware, Inc., IBM Corporation, Microsoft Corporation, BMC Software, Inc, Cisco Systems, Inc., Dell Technologies Inc., CloudBolt Software, Inc., Citrix Systems, Inc., Jamcracker Inc., and Flexera Software LLC, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

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+84-865-399-124

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