The North America Multi-Cloud Management Market would witness market growth of 26.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Multi-Cloud Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,300.6 million by 2031. The Canada market is experiencing a CAGR of 28.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 28.1% during (2024 - 2031).
The market is a rapidly growing segment within the broader cloud computing industry, offering organizations solutions to manage and optimize resources across multiple cloud environments effectively. With the increasing adoption of multi-cloud strategies by businesses seeking to leverage the strengths of different cloud providers, the demand for comprehensive multi-cloud management solutions has surged.
Multi-cloud management solutions enable organizations to seamlessly integrate resources across multiple cloud environments, including public clouds, private clouds, and on-premises infrastructure. This makes it easier to create hybrid cloud environments, which enables businesses to use the flexibility and scalability of public clouds while still controlling sensitive data and workloads stored in private clouds.
As Canadian e-commerce businesses expand, they often seek to diversify their cloud infrastructure to mitigate risks and optimize performance. This trend leads to a higher demand for multi-cloud management solutions tailored to managing diverse cloud environments provided by companies like AWS, Microsoft Azure, Google Cloud Platform, and domestic providers like Bell Canada or TELUS. As per the International Trade Administration (ITA), e-commerce retail trade sales in Canada amounted to an all-time high of US$3.82 billion in December 2020. 75% of Canadians, or more than 27 million people, used e-commerce in 2022. In addition, by 2025, this percentage is projected to increase to 77.6%. Hence, the growth of the region’s e-commerce sector is driving the market’s growth.
Free Valuable Insights: The Multi-Cloud Management Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Enterprise Size
By Service Type
By Deployment Model
By Application
By Vertical
By Country
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