North America Multi-Cloud Networking Market Size, Share & Industry Trends Analysis Report By Component, By Organization Size (Large Enterprises and Small & Medium-sized Enterprises (SMEs)), By Deployment Mode, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Multi-Cloud Networking Market would witness market growth of 20.6% CAGR during the forecast period (2022-2028).
Various vendors are collaborating to develop multi-cloud networking software (MCNS), an emerging technology. MCNS products handle traffic routing, secure ingress/egress, and public cloud service integration. These products are distributed as software that can be self-managed and offered as a service, and are accessible through application programming interfaces, also called APIs, and user interfaces (UIs).
MCNS products can leverage overlays and agents to orchestrate native cloud vendor capabilities as they can be implemented in one or more public cloud environments and the software can be extended to handle edge locations as well as private data. Multi-cloud networking increases the productivity of NetOps by facilitating the configuration and setup of native cloud resources, such as AWS transit gateways or virtual networks within Azure as well as GCP.
It securely links various clouds across the Internet, the organization's backbone, or a global Network. The evolution of the cloud has presented networking with both obstacles and opportunities. With businesses and corporations beginning to employ different cloud services, including both public and private clouds, they require improved software-defined network connectivity for these resources.
In terms of cloud computing adoption, the United States is the most developed market. This is owing to the United States' early adoption and utilization of cloud-based networks. Organizations in both the United States and Canada have taken significant steps toward adopting the most advanced digital technologies. In the United States and Canada, the expansion of multi-cloud software-defined networking technologies would be fueled by the high internet usage and plans by government agencies to partially migrate to the cloud to improve information services.
The US market dominated the North America Multi-Cloud Networking Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,189.3 million by 2028. The Canada market is poised to grow at a CAGR of 23.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 22.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Multi-Cloud Management and Others) and Services (Integration & Implementation and Consulting, Training & Support). Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on Vertical, the market is segmented into BFSI, IT, ITeS & Telecom, Manufacturing, Transportation & Logistics, Healthcare, Energy & Utilities, Retail & eCommerce, and Media & Entertainment and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, VMware, Inc., F5 Networks, Inc., Hewlett-Packard Enterprise, Nutanix, Inc., Cisco Systems, Inc., Juniper Networks, Inc., Citrix Systems, Inc., Versa Networks, Inc., and Cloudflare, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Multi-Cloud Management
- Integration & Implementation
- Consulting, Training & Support
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By Deployment Mode
- Public Cloud
- Private Cloud
- IT, ITeS & Telecom
- Manufacturing, Transportation & Logistics
- Energy & Utilities
- Retail & eCommerce
- Media & Entertainment and Others
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- VMware, Inc.
- F5 Networks, Inc.
- Hewlett-Packard Enterprise
- Nutanix, Inc.
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Citrix Systems, Inc.
- Versa Networks, Inc.
- Cloudflare, Inc.
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