Multi-Cloud Management Market Size - By Deployment Model (Public, Hybrid, Private), Organization Size (Large Enterprises, SME), Application, End-user, Reginal Outlook & Global Forecast, 2023 - 2032

Multi-Cloud Management Market Size

Multi-Cloud Management Market size was valued at USD 8.6 billion in 2022 and is projected to register a CAGR of 25% between 2023 and 2032. Many organizations are adopting hybrid and multi-cloud strategies to leverage the strengths of different cloud providers and avoid vendor lock-in. A study conducted by HashiCorp in 2021 indicated that only one out of every four businesses use a single cloud, as 76% of organizations already use multi-cloud infrastructure. The study also shows that a company's likelihood of adopting multi-cloud increases with size; 94% of large enterprises with 5,000 or more employees do so.
 

This approach allows businesses to distribute workloads across various cloud platforms based on performance, cost, and specific requirements. As a result, there was a growing need for tools and solutions that could manage and orchestrate applications and services seamlessly across multiple cloud environments, contributing to their rising adoption rate.

Integrating and managing multiple cloud environments from different providers can be complex and challenging. Each cloud provider has its own set of APIs, services, and management interfaces, which can lead to difficulties in ensuring compatibility and seamless integration between various platforms and may limit the growth of multi cloud management market. Multi-cloud management solutions need to provide robust integration capabilities to effectively manage and orchestrate applications and services across these diverse environments.

On the other hand, while cloud providers offer their management tools, businesses are seeking vendor-neutral solutions to avoid vendor lock-in and ensure interoperability. Vendor-neutral multi-cloud management platforms allow organizations to manage resources across different clouds from a single dashboard, providing a comprehensive view of their infrastructure, applications, and services. This approach provided greater flexibility and independence in utilizing various cloud services without being tied to a single vendor's ecosystem, strengthening the multi-cloud management market outlook.

COVID-19 Impact

The COVID-19 pandemic significantly influenced the multi-cloud management by accelerating its growth. As remote work and digital transformation surged, businesses sought flexible and resilient IT infrastructures. Instances of increased demand for multi-cloud solutions were evident as organizations aimed to manage distributed workloads and ensure business continuity efficiently. The pandemic highlighted the importance of remote access, scalability, and resource optimization, prompting many companies to adopt or expand their multi-cloud strategies to enhance operational agility and accommodate changing market dynamics.

Multi-Cloud Management Market Trends

As multi-cloud environments become more complex, there's a growing need for intelligent automation and optimization solutions. AI and machine learning technologies can be utilized to analyze usage patterns, performance metrics, and cost data across multiple clouds. This data-driven approach enables organizations to automate workload placement, resource scaling, and cost optimization decisions based on real-time insights. AI-powered multi-cloud management platforms could help businesses streamline operations, reduce costs, and enhance overall performance, which could drive the multi-cloud management business in the coming years.

Multi-Cloud Management Market Analysis

The public cloud deployment segment held over 41% of the multi-cloud management market share in 2022, due to its inherent scalability, accessibility, and cost-efficiency. With public clouds offering a vast array of services and resources, multi-cloud management platforms can seamlessly integrate with these environments, allowing businesses to orchestrate and optimize workloads across multiple providers centrally. This approach avoids the complexity of managing on-premises infrastructure while providing the agility to scale resources on demand. Public clouds' global accessibility further supports the distributed nature of multi-cloud strategies, making them a compelling choice for efficient and effective management.

The cloud automation segment accounted for 24.81% of the multi-cloud management market share in 2022, owing to its ability to streamline complex workflows and enhance operational efficiency. As businesses deploy applications across multiple cloud platforms, the need for seamless orchestration, resource allocation, and automated scaling becomes paramount. For instance, companies like Netflix and Airbnb, reliant on diverse cloud services, benefit from multi-cloud management tools to automate workload placement and optimize performance. These tools enable organizations to automate provisioning, monitor resources, and ensure consistent governance, catalyzing the demand for multi-cloud automation solutions.

North America multi-cloud management market is experiencing rapid growth through 2032, attributed to the region's robust cloud adoption and technological innovation. With major enterprises and startups alike adopting multi-cloud strategies, the demand for effective management solutions is on the rise. Companies such as Microsoft, AWS, and Google Cloud have a strong presence in North America, driving interest in multi-cloud management platforms to manage their services efficiently. The region's dynamic business landscape, in line with the complexity of multi-cloud environments, fuels the high growth of the multi-cloud management sector in North America.
 

Multi-Cloud Management Market Share

Major companies operating in the multi-cloud management market are :

• IBM Corporation
• CloudBolt
• Navisite
• Cisco ,Ltd
• Citrix, Inc
• Rackspace
• Microsoft Corporation
• Lumen
• Snow Software
• DoubleHorn
• Accenture
• Dell Technologies
• BMC Software
• Flexera

The competitive landscape of the market is characterized by a diverse range of vendors offering solutions for network optimization, performance management, and real-time analytics.
 

Multi-Cloud Management Industry News

• In June 2021, IBM closed the acquisition of Turbonomic to provide complete AIOps capabilities for hybrid cloud 
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This multi-cloud management market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Deployment Model

• Public Cloud
• Hybrid Cloud
• Private Cloud

Market, By Organization Size

• Large Enterprises
• SME

Market, By Application

• Cloud Automation
• Reporting & Analytics
• Migration & Integration
• Training & Consulting
• Monitoring & Access Management
• Data Security & Risk Management
• Others

Market, By End-user

• Hospitality
• IT & Telecom
• Consumer Goods
• Education
• Healthcare & Life Sciences
• BFSI
• Media & Entertainment
• Government
• Retail
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Southeast Asia
  • ANZ 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa