The Europe Multi-Cloud Management Market would witness market growth of 26.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Multi-Cloud Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,162.2 million by 2031. The UK market is registering a CAGR of 25.7% during (2024 - 2031). Additionally, The France market would showcase a CAGR of 27.8% during (2024 - 2031).
The market serves various end-use industries, spanning various sectors that leverage cloud computing resources to drive innovation, agility, and competitiveness. For example, IT and telecommunications companies are early adopters of multi-cloud management solutions, leveraging these tools to manage complex IT infrastructures, optimize cloud spending, and ensure security and compliance across diverse cloud environments. The solutions enable IT and telecommunications companies to deliver reliable and scalable services to their customers while minimizing operational complexity and costs.
Healthcare and life sciences organizations increasingly adopt cloud computing to store, manage, and analyze large volumes of patient data, conduct research, and develop innovative treatments and therapies. The solutions enable these organizations to ensure data privacy and compliance with healthcare regulations while also optimizing performance, scalability, and cost-effectiveness in their cloud deployments.
In 2022, 70% of all EU businesses reached a basic level of digital intensity. The share for SMEs was 69% while for large businesses, it stood at 98%. Large businesses had a bigger share for very high (30%) and high digital intensity (54%) compared with only 4% of SMEs with a very high level and 27% with a high level of digital intensity. Therefore, the increasing digital transformation in the region’s business propels the market’s growth.
Free Valuable Insights: The Global Multi-Cloud Management Market will Hit USD 68.7 Billion by 2031, at a CAGR of 27.3%
Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise (SME). Based on Service Type, the market is segmented into Cloud Automation, Managed Services, Security & Risk Management, Training & Consulting, Reporting & Analytics, and Others. Based on Deployment Model, the market is segmented into Public, Private, and Hybrid. Based on Application, the market is segmented into Infrastructure & Resource Management, Identity & Policy Management, Compliance Management, Metering & Billing, Provisioning, Life Cycle Management, and Others. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Government & Public Sector, Healthcare & Lifesciences, Education, Manufacturing, Retail & Consumer Goods, IT & Telecom, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Enterprise Size
By Service Type
By Deployment Model
By Application
By Vertical
By Country
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