The global multi cloud management market is segmented by deployment model into public cloud, private cloud and hybrid cloud. In this segment, hybrid cloud segment is projected to grow at remarkable pace over the forecast period. Factor such as, managing security, compliance and reducing data risk is anticipated to significantly robust the growth of multi cloud management over the forecast period. Apart from this, ability to deliver services faster, cheaper and more reliably over private cloud management is expected to drive the growth of multi cloud management over the forecast period.
Global multi cloud management market is expected to register a CAGR of 32.1% over the forecast period. Moreover, the global multi cloud management market is expected to expand on the basis of advancement in technology coupled with many high end features such as cloud automation service and increased agility. Increase in the multi-cloud management solutions and services among enterprises are a key factor which is expected to increase the growth of global multi cloud management market in upcoming years.
North America is anticipated to dominate the overall market of multi cloud management market during the forecast period. Factors such as, increasing adoption of digital business strategies is expected to drive the growth of global multi cloud management market in North America region over the forecast period. Further, advancement and availability of wide number of efficient multi cloud architecture region is increasing the growth of multi cloud management market in Europe.
Increased Agility and Automation
Factors such as, implementation of a multi-cloud management platform allows organizations to achieve appropriate levels of automation with agility which is expected to increase the growth of global multi cloud management market over the forecast period. In addition, multi cloud management enables to gain operational and economic benefits of cloud computing through multiple automation tools.
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Avoidance of Vendor Lock-IN
Factors such as, switching between different vendors and reduce dependency on a single vendor may increase the growth of global multi cloud management market over forecast period. In addition, flexibility in data deployment and allowance to move workloads to multiple clouds are factors which are anticipated for the growth of multi cloud management market over forecast period.
However, lack of security and complexities in re-designing the network for cloud is likely to dampen the growth of multi cloud management market during the forecast period.
The report titled “Multi Cloud management Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global multi cloud management market in terms of market segmentation by deployment model, by service, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global multi cloud management market which includes company profiling of Dell Technologies, Accenture, IBM Corporation, BMC Software, Turbonomic, Rightscale Inc., Cliqr Technologies Inc., Jamcracker, Cloudmore, Doublehorn. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global multi cloud management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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