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The Global Multi-Cloud Management Market size is expected to reach $6.1 billion by 2023, rising at a market growth of 27% CAGR during the forecast period. Multi-cloud is a type that involves the application of two or more cloud deployments from different vendors. The technology can be used in any kind of cloud deployment models such as software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). The major factors driving the growth of the market are unreliability of single cloud types, growing inclination towards price-sensitive cloud deployments, vendor lock-in issues, and growing need for policy compliance from regulatory bodies for data protection. Based on Type, the market report segments the market into Services and Software.
Services Type includes Security & Risk Management, Training & Consulting, Reporting & Analytics, Cloud Automation, Managed Services, and Others. Based on Application, the market report segments the market into Infrastructure & Resource Management, Identity & Policy Management, Metering & Billing, Provisioning & Life Cycle Management, and Others. Based on Deployment Type, the Multi-Cloud Management market segments the market into Public & Private and Hybrid. Based on Vertical, the market report segments the market into IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Public Sector, Energy & Utilities, and Others. Based on Regions, the Multi-Cloud Management market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the competition analysis of key stake holders of the Global Multi-Cloud Management Market. Key companies profiled in the report include Accenture Plc., BMC Software, Citrix Systems, Inc., Cisco Systems, Inc., IBM Corporation, VMware, Inc., CenturyLINK Technology Solutions, Microsoft Corporation (Cloudyn), Actua Corporation (Jamcracker, Inc.), and RightScale, Inc.