Multi-Cloud Management Market Size - By Deployment Model (Public, Hybrid, Private), Organization Size (Large Enterprises, SMEs), Application, End-user, Reginal Outlook & Global Forecast, 2023 - 2032
Published Date: April - 2025 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMulti-Cloud Management Market Size
Multi-Cloud Management Market was worth USD 8.6 billion in 2022 and is expected to grow at a CAGR of 25% from 2023 to 2032. Hybrid and multi-cloud approaches are being pursued by numerous organizations to take advantage of the capabilities of various cloud vendors and steer clear of vendor lock-in. HashiCorp conducted a study in 2021 that found that just a quarter of businesses utilize a single cloud since 76% of organizations currently have multi-cloud infrastructure. The research further reveals that the possibility of a company embracing multi-cloud rises with company size; 94% of large companies with over 5,000 workers utilize multi-cloud.
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This strategy enables companies to disperse workloads on different cloud platforms depending on cost, performance, and individual needs. Consequently, the demand for tools and solutions that could manage and orchestrate applications and services nimbly across different cloud environments grew, leading to their increased adoption.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Multi-Cloud Management Market Size in 2022 | USD 8.6 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 25% |
| 2032 Value Projection | USD 87.3 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 260 |
| Tables, Charts & Figures | 350 |
| Segments covered | Deployment Model, Organization Size, Application, End-user |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Management and integration of multiple cloud environments from various providers is difficult and complex. Every cloud provider has a unique set of APIs, services, and management interfaces, which may result in complexities in guaranteeing compatibility and integration between different platforms and could hinder the expansion of multi cloud management market. Multi-cloud management offerings must have strong integration features to manage and orchestrate applications and services in these heterogeneous environments.
Conversely, as cloud providers provide their management software, companies are looking for vendor-neutral solutions to prevent vendor lock-in and guarantee interoperability. Vendor-neutral multi-cloud management platforms enable organizations to manage resources from multiple clouds using a single console, offering a holistic view of their infrastructure, applications, and services. This solution offered more flexibility and autonomy in leveraging multiple cloud services without being locked into one vendor's ecosystem, solidifying the multi-cloud management market forecast.
COVID-19 Effect
The pandemic of COVID-19 had a profound effect on the management of multi-cloud by boosting its growth. During the time of digital transformation and remote work, companies looked for flexible and agile IT infrastructures. Examples of enhanced demand for multi-cloud were witnessed as companies looked to manage dispersed workloads and ensure business continuity effectively. The pandemic made remote access, scalability, and optimization of resources a priority, and several organizations opted for or scaled up their multi-cloud approach to drive operational agility and flexibility in response to evolving market conditions.
Multi-Cloud Management Market Trends
As complexity increases in multi-cloud environments, there is an increasing requirement for intelligent automation and optimization capabilities. AI and machine learning capabilities can be used to examine usage patterns, performance, and cost metrics across various clouds. This data-driven strategy will enable businesses to automate workload allocation, resource adjustment, and cost optimization decisions based on real-time data. AI-based multi-cloud management platforms may aid organizations in optimizing operations, minimizing expenses, and maximizing overall performance, which may propel the multi-cloud management industry in the future.
Multi-Cloud Management Market Analysis
Discover more about the leading segments driving this market
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The public cloud deployment market accounted for more than 41% of the multi-cloud management market share in 2022, owing to its native scalability, accessibility, and cost-effectiveness. As public clouds provide an extensive set of services and resources, multi-cloud management solutions can easily connect with these infrastructures, enabling companies to orchestrate and optimize workloads on various providers centrally. This strategy bypasses the complexity of handling on-premises infrastructure but offers the agility to scale resources as needed. Global reachability of public clouds also aids in the distributed model of multi-cloud strategies, and hence they prove to be a strong contender for effective and efficient management.
Find out more about the dominant segments influencing this market
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The cloud automation segment had 24.81% of the multi-cloud management market share in 2022, driven by its capability to simplify complicated workflows and maximize operational efficiency. As organizations roll out applications across various cloud environments, the necessity for seamless orchestration, resource management, and automated scaling gains importance. For example, organizations such as Netflix and Airbnb, which are dependent on varied cloud services, leverage multi-cloud management platforms to automate the placement of the workload as well as optimize performance. These platforms allow organizations to automate provisioning, track resources, and maintain consistent governance, driving the necessity for multi-cloud automation solutions.
Looking for region specific data?
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
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
- SMEs
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
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