Multi-Cloud Management Market Size, Share, Opportunities, And Trends By Type (Security & Risk Management, Training & Consulting, Reporting & Analytics, Multi-Cloud Automation, Managed Services, Others), By Enterprise Size (Small And Medium, Large), By Industry Vertical (BFSI, Healthcare, Retail, IT And Telecom, Manufacturing, Media &Entertainment, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614391
- Pages : 140
Multi-cloud management refers to the processes and tools used to manage and optimize the deployment, use, and integration of multiple cloud computing services from different cloud providers. The goal of multi-cloud management is to provide a unified view of the organization's cloud infrastructure and to automate routine tasks such as provisioning, monitoring, and security. With the growth of cloud computing, many organizations are utilizing multiple cloud services from different providers to meet their unique business requirements. However, these services can be complex and challenging, especially when it comes to ensuring security, compliance, and cost optimization.
Multi-cloud management solutions help organizations to overcome these challenges by providing a centralized view of their cloud infrastructure, automating routine tasks, and enforcing compliance and security policies. Furthermore, these solutions also allow organizations to easily migrate applications and data between different cloud services and to optimize costs by choosing the most cost-effective cloud provider for each workload, organizations also need a unified view of their cloud infrastructure to manage and optimize their cloud deployments effectively. For instance, an organization uses Amazon Web Services (AWS) for their cloud computing needs, but also uses Microsoft Azure for certain specific workloads, to manage this multi-cloud environment, the organization might implement a multi-cloud management solution such as VMware's vRealize or Red Hat's OpenShift.
- Vendor Lock-In
Vendor lock-in is a major concern for organizations that are adopting cloud computing because it limits their ability to switch between different cloud providers and can result in increased costs over time. When an organization becomes dependent on a single cloud provider, it may be forced to pay higher prices for services, have limited options for customization, and be unable to take advantage of new technology offerings from other providers. To mitigate these concerns, many organizations are adopting a multi-cloud strategy, where they use multiple cloud services from different providers to meet their unique business requirements. With multi-cloud management, organizations can choose the best cloud provider for each workload and avoid the risks associated with vendor lock-in. This gives organizations more flexibility and control over their cloud deployments driving the growth of the multi-cloud management market.
- Availability of Cloud-services brokerage
The availability of cloud services brokerage (CSB) is driving the growth of the multi-cloud management market. A CSB is a third-party service that helps organizations manage multiple cloud environments and provides a single interface for managing multiple cloud platforms, they can take advantage of the unique strengths of different cloud platforms, such as cost, performance, and security. It is driven by the increasing adoption of multi-cloud strategies by organizations. Furthermore, CSBs help organizations ensure that their cloud security and compliance policies are being followed across multiple cloud environments, improving their overall security posture.
The complexity of designing networks in cloud environments is a significant challenge for the multi-cloud management market. Cloud networks are responsible for connecting virtual resources and providing access to cloud services. However, designing cloud networks can be complex and time-consuming, especially in multi-cloud environments. Applications can be deployed and decommissioned rapidly, and cloud resources can be added or removed dynamically. This requires cloud networks to be highly flexible and adaptable, able to respond quickly to changing demands.
Another challenge is ensuring the security of cloud networks. With the increasing adoption of cloud computing, cyber threats are also on the rise. Ensuring the security of cloud networks requires implementing robust security measures, such as firewalls, virtual private networks (VPNs), and network segmentation.
- In November 2022, VMware introduced several new solutions aimed at improving the management of multi-cloud data centers, including HCX+, Kubernetes capabilities for private clouds, and new SD-WAN points of presence. By introducing new SD-WAN points of presence, VMware is helping organizations to improve the performance of their cloud networks, especially for multi-cloud environments where traffic is flowing between multiple cloud platforms.
- In October 2020, UnityOneCloud introduced a multi-cloud observability feature. Multi-cloud observability is a key component of multi-cloud management, providing organizations with visibility into the performance and behavior of their cloud applications and services across multiple cloud platforms.
North America to hold a considerable share
North America is a major contributor to the growth of the multi-cloud management market due to its high adoption rate of cloud computing, this region is home to some of the largest cloud providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), which have a significant presence in the region. This has made it easier for organizations to adopt multi-cloud strategies and has fueled the demand for multi-cloud management solutions. Many organizations are looking to implement hybrid cloud solutions, which combine the benefits of public and private cloud environments which is driving demand in this region. For instance, Bank of America, one of the largest banks in the US, has implemented a multi-cloud strategy to take advantage of the benefits of multiple cloud platforms. AT&T, one of the largest telecommunications companies in the world, has implemented a multi-cloud strategy to meet its IT needs.
- By Type
- Security & Risk Management
- Training & Consulting
- Reporting & Analytics
- Multi-Cloud Automation
- Managed Services
- By Enterprise Size
- Small and Medium
- By Industry Vertical
- IT and Telecom
- Media &Entertainment
- By Geography
- North America
- South America
- United Kingdom
- Middle East And Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MULTI-CLOUD MANAGEMENT MARKET, BY TYPE
5.2. Security & Risk Management
5.3. Training & Consulting
5.4. Reporting & Analytics
5.5. Multi-Cloud Automation
5.6. Managed Services
6. MULTI-CLOUD MANAGEMENT MARKET, BY ENTERPRISE SIZE
6.2. Small and Medium
7. MULTI-CLOUD MANAGEMENT MARKET, BY INDUSTRY VERTICAL
7.5. IT and Telecom
7.7. Media &Entertainment
8. MULTI-CLOUD MANAGEMENT MARKET, BY GEOGRAPHY
8.2. North America
8.3. South America
8.4.3. United Kingdom
8.5. Middle East And Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. VMware, Inc.
10.2. F5 Inc.
10.3. BMC Software, Inc.
10.4. Hewlett Packard Enterprise Development LP
10.5. Kyndryl Inc.
10.8. Citrix Systems, Inc.
10.9. Cloudfare, Inc.
10.11. CloudBolt Software, Inc.
BMC Software, Inc.
Hewlett Packard Enterprise Development LP
Citrix Systems, Inc.
CloudBolt Software, Inc.
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