According to the new market
research report "Multi-Cloud
Management Market by Platform, Application (Metering & Billing,
Infrastructure & Resource Management), Service Type (Cloud Automation,
Migration & Integration), Deployment Model, Vertical, and Region - Global
Forecast to 2022", The
multi-cloud management market size is expected to grow from USD 1,169.5 Million
in 2017 to USD 4,492.7 Million by 2022, at a Compound Annual Growth Rate (CAGR)
of 30.9% during the forecast period.
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The demand for the multi-cloud management market is
said to be driven by many factors, such as the avoidance of vendor lock-ins,
increased agility and automation, and the need for a high-level of governance
and policies. With the increase in the adoption rate of cloud computing among
enterprises, the multi-cloud management market is expected to gain a major
traction during the forecast period.
Internal brokerage enablement
platform is expected to hold the largest market share during the forecast
period
Internal brokerage enablement is a group of mainframe
and virtualized resources, which can only be accessed by organizations or
enterprises over a secured intranet. The increasing employee demand within
organizations, for having a single point of access to all the cloud services,
ranging from externally provided cloud services, such as Software-as-a-Service
(SaaS), to internally operated virtualized infrastructure and application
services, is expected to result as a driving force for the growth of the internal
brokerage enablement segment.
Browse and in-depth TOC on "Multi-Cloud Management Market"
65 - Tables
31 - Figures
138 - Pages
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TOC @
Cloud automation service type is projected to hold the
largest market share in 2017
Cloud automation is a cloud
management service that is offered by the cloud vendors to enterprises for
automating the management of cloud-based services. Cloud automation, within the
multi-cloud environment, enables enterprises to manage the complete deployment lifecycle
and usage of cloud services on public, private, and hybrid clouds. The benefits
offered include rapid deployment, increased staff efficiency, reduced cost of
maintenance, improved responsiveness to end-users, optimum resource
utilization, and increased quality.
Telecommunications and Information Technology-enabled
Services (ITES) vertical is projected to hold the largest market share during
the forecast period
Telecommunications and ITES
is one of the most significant verticals in the multi-cloud management market.
Multi-cloud services and solutions are used in this vertical for various
on-demand services, depending on the Call Detail Records (CDRs). The
telecommunications and ITES vertical is said to be gaining worldwide importance
in the cloud service adoption, as many communication service providers are
giving importance to customer experience.
North America is expected to hold the largest market
share in 2017
North America is estimated
to hold the largest market share in 2017, while APAC is projected to be the
fastest-growing region. North America is the most mature market in terms of
cloud adoption, due to various factors, such as standards regulation, advanced
IT infrastructure, presence of a large number of enterprises, and the
availability of proficient technical expertise. The US and Canada are the top
countries in North America that are said to be contributing to the growth of
the multi-cloud management market.
The major vendors providing multi-cloud management solutions and services
are BMC Software (US), CenturyLink (US), Accenture (Ireland), VMware (US),
DoubleHorn (US), RightScale (US), CliQr (US), Cloudyn (Israel), Dell
Technologies (US), Jamcracker (US), IBM (US), and Citrix (US).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/multi-cloud-management-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/multi-cloud-management-market.asp
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