Global Multi-Cloud Management Market to Exceed USD 4.5 Bn, States M&M in Its Cutting-Edge Research Report Available at MarketPublishers.com
04 Dec 2017 • by Natalie Aster
LONDON – By 2022, the world’s market for multi-cloud management is expected to amount to about USD 4.5 billion, registering an enormous CAGR of 30.9% from 2017 till 2022. At present, this market is estimated at appr. USD 1.2 billion.
The market growth is triggered by such favourable factors like enhancing necessity for business agility, decreased costs of ownership, faster deployment and scalability, high awareness about cloud amidst enterprises on a global scale, rising innovations, amid other factors. However, the multi-cloud management market faces a range of challenges owing to the application portability on different cloud environments, and its compliance with strict regulations.
Basing on platform, the overall market is set to be led by external brokerage enablement platform sector, which is anticipated to gain traction at fast rates in the offing, due to the continued uptake in the global cloud brokers market. Basing on applications, the marketplace is anticipated to be dominated by the lifecycle management application sector, which is likely to rise at the fastest pace through 2022.
Regionally, the lion’s share of the world’s market belongs to North America; growth in the North American multi-cloud management market is set to be encouraged by the ongoing shift of organisations towards cloud-based solutions and services. The APAC multi-cloud management market is expected to grow at the highest CAGR, fueled by improving economic conditions in the region, booming investment in IT infrastructure, and the ability of multi-cloud management solutions to encourage customer experience and also improve operational issues.
Cutting-edge research report “Multi-Cloud Management Market by Platform, Application, Service Type, Deployment Model, Vertical, and Region - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) provides a detailed analysis of the market and its key segments (based on platforms, applications, service types, deployment models, verticals, and geography). Moreover, the publication provides in-depth insights into the market development, covers prominent business strategies, reviews new service launches and sheds light on the most recent partnerships, agreements and collaborations. The market dynamics along with the major growth driving and limiting factors is examined in this comprehensive report. Additionally, the study highlights the market current and future trends, pinpoints emerging opportunities, discusses the major challenges, traces light on the competitive landscape and offers detailed profiles of 12 prominent players. Additionally, the report contains future forecasts for the multi-cloud management market up till 2022.
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