Multi-Cloud Management Market Research Report

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Growing adoption of automation in organizational processes with an intensified emphasis on attaining efficiency, stands to be a prime factor strengthening the multi-cloud management market. Multi cloud management solutions offer flexibility to the enterprises to handle different cloud serv

Multi-Cloud Management Market

Multi-Cloud Management Market is anticipated to grow at a faster CAGR over the forecast period, owing to their increasing adoption by IT teams to manage different clouds through a single interface.

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Growing adoption of automation in organizational processes with an intensified emphasis on attaining efficiency, stands to be a prime factor strengthening the multi-cloud management market. Multi cloud management solutions offer flexibility to the enterprises to handle different cloud services, thus, enabling users to switch between different operators. Further, the growing concern about the reliance on a single cloud server has inclined end-users towards multi-cloud management solutions as they help distribute workloads on different clouds, which bolsters the multi cloud management market size.

The significant switch in working environment due to the outburst of coronavirus has drifted organizations towards multi-cloud management solutions. This is because it helps employees to function distantly without hampering their productivity.

By platform, the external enablement platform is predicted to witness a promising growth over the forecast period, owing to its flexibility to control various cloud services.

By application, lifecycle management segment is likely to dominate the market over the coming years as it helps organizations to manage cloud services and governance.

By region, North American Region is forecast to emerge as the highest growth over the forecast period, owing to the growing adoption of IoT and connected devices. Also, increasing investment by prominent market players to facilitate technological advancements will bolster the market growth.

Leading players operating in the market include CenturyLink, Accenture, BMC Software, VMWare, Inc., Flexera, Doublehorn, Clodyn, Oracle Corporation, CliQr Technologies, and IBM Corporation among others.

Key Developments:

In 2020, Oracle Corporation innovated comprehensive cloud management platform that administers mission-critical workload over public clouds and in the on-premises environments. The new Oracle Cloud Observability and Management Platform incorporates existing management services by Oracle and includes six new ones for a complete full-stack solution intending to ensure the uptime.

Multi-Cloud Management Market Segmentation:

Multi-Cloud Management Market by Platform
  • Internal Enablement
  • External Enablement
Multi-Cloud Management Market by Application
  • Metering Billing
  • Infrastructure Resource Management
  • Compliance Management
  • Lifecycle Management
  • Provisioning
  • Others
Multi-Cloud Management Market by End User
  • BFSI
  • IT Telecom
  • Government
  • Retail
  • Healthcare
  • Media Entertainment
  • Travel Hospitality
  • Others
Multi-Cloud Management Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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