Multi-Cloud Management Market Share Analysis with Demand Status 2021 | Latest Technological Advancement, Explosive Factors of Revenue by Key Vendors Size Forecast Analysis 2030

In a recent published report, Kenneth Research has updated the market report for Multi-Cloud Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Multi-Cloud Management Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Multi-Cloud Management Market Overview

Multi-cloud management refers to the use of multiple cloud computing services in a single heterogeneous architecture. In the multi-cloud environment, enterprises can transfer their workload on multiple clouds, depending on the criticality of data and applications. Moreover, the multi-cloud management platform includes dashboards, services, reporting, design, catalog, and marketplace.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Market Size and Forecast

The global multi-cloud management market is expected to expand at a robust CAGR of 32.1% during the forecast period of 2017-2024. Further, the market of multi-cloud management was valued at USD 0.97 Billion in 2016 and is projected to garner USD 7.89 Billion by the end of 2024. The rising demand for multi-cloud management solutions and services among enterprises is anticipated to drive the growth of the multi-cloud management market. Further, the need for business agility is expected to expand the global multi-cloud management market.

Globally, North-America is projected to dominate the overall multi-cloud management market during the forecast period. Increasing the adoption of digital business strategies in the region is expected to positively impact the growth of the multi-cloud management market. Further, the organizations have invested hugely in advanced technologies to gain a competitive advantage and improve business operations. Moreover, the increasing need for an efficient computing framework bodes well for the growth of the multi-cloud management market in North America.

Europe’s multi-cloud management market is rising due to the shifting of workload to the cloud environment. Moreover, the advancement and availability of a wide number of efficient multi-cloud architecture regions is fostering the growth of multi-cloud management. The multi-cloud management market in the Asia-Pacific region is expected to benefit from a positive economic outlook in the region of multi-cloud management. Moreover, increased spending on information technology infrastructure is anticipated to strengthen the growth of the multi-cloud management market. The Middle East and Africa’s multi-cloud management market is anticipated to showcase significant growth during the forecast period. Based on the deployment model, the multi-cloud management market is segmented into the public cloud, private cloud, hybrid cloud. Further, private cloud is accounted for the largest market share in the overall multi-cloud management market.

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“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Leading Companies:

Dell Technologies, Accenture, IBM Corporation, BMC Software, Turbonomic, Rightscale Inc., Cliqr Technologies Inc., Jamcracker, Cloudmore, Doublehorn, And Others

Market Segmentation:

By Deployment Model, By Services, By Application, By Regions, and By Leading Key Players.

Growth Drivers and Challenges

Increasing agility and automation features across the globe is anticipated to intensify the growth of the global multi-cloud management market. In addition, increasing technical infrastructure in multi-cloud architecture is anticipated to positively drive the growth of the multi-cloud management market.

Apart from this, rising governance and compliance management are anticipated to be the dynamic factor behind the growth of the multi-cloud management market. Factor such as, increasing need to avoid vendor lock-ins is anticipated to supplement the growth of the global multi-cloud management market.

Further, a rising number of multi-cloud architecture is likely to further strengthen the growth of the multi-cloud management market. In addition, increasing penetration of cloud computing and related technologies, such as the internet of things, big data, and serverless architecture is predicted to contribute significantly towards the growth of the multi-cloud management market over the forecast period.

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However, lack of security and complexities in re-designing the network for the cloud are some of the key factors which are expected to limit the growth of the global multi-cloud management market in upcoming years.

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides a significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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