Global Multi-Cloud Management Market to reach USD 26.09 billion by 2027.Global Multi-Cloud Management Market is valued approximately USD 5.09 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 26.3 % over the forecast period 2021-2027. Multi-cloud management is the set of tools and procedures that allows a business to monitor and secure applications and workloads across multiple public clouds. Growing trend of remote working and increasing application in end use industry are key drivers for the growth of Multi-Cloud Management market. According to The Organization for Economic Co-operation and Development (OECD) during lockdown in 2020 in countries like Australia, France, and the United Kingdom, around 47% of employee worked remotely. Also, in country like Japan where nationwide lockdown not implemented, the remote working rate also increased from 10% to 28% between December 2019 and May 2020. Highly digitalized industries, like IT and communication services as well as financial services, achieved the highest rates of remote working during the pandemic. Also, with, growing artificial intelligence and recent outbreak of covid 19 pandemic the adoption & demand for Multi-Cloud Management is likely to increase the market growth during the forecast period. However, lack of adequate expertise in Multi-Cloud Management impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Multi-Cloud Management market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing technological advancements and increasing adoption of Multi-Cloud Management platforms. Whereas North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such increasing adoption from end use industries and presence of leading market players would create lucrative growth prospects for the Multi-Cloud Management market across Asia-Pacific region.
Major market player included in this report are:
BMC Software, Inc.
Citrix Systems Inc.
CloudBolt Software, Inc.
CoreStack
Dell Technologies Inc.
Flexera Software LLC
International Business Machines Corporation
Jamcracker Inc.
Microsoft Corporation
VMware Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution Type:
Security & Risk Management
Training & Consulting
Reporting & Analytics
Cloud Automation
Managed Services
Others
By Enterprise Size:
Small and Medium Enterprise
Large Enterprise
By End Use Industry:
BFSI
IT & Telecom
Consumer Goods & Retail
Manufacturing
Healthcare
Media & Entertainment
Government
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Multi-Cloud Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
