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Global Multi-Cloud Management Market Size, Share, Trends, Forecast: By Platform: Internal Brokerage Enablement, External Brokerage Enablement; By Service: Monitoring and Access Management, Training and Consulting; By Deployment Model; By Application; By Industry Vertical; Regional Analysis; Competitive Landscape; 2024-2032
Global Multi-Cloud Management Market Outlook
The global multi-cloud management market size reached nearly USD 8.29 billion in 2023. The market is projected to grow at a CAGR of 27.9% between 2024 and 2032, reaching a value of around USD 75.55 billion by 2032.
Key Trends in the Market
Multi-cloud management encompasses a set of tools and procedures that are utilised to efficiently oversee and control multiple cloud computing environments, typically a combination of public, private, and hybrid clouds. It involves the coordination, integration, and optimisation of resources, applications, data, and services across diverse cloud platforms to meet organisational requirements and objectives.
- One of the major catalysts behind the multi-cloud management market growth is the growing demand to manage multiple cloud services through a single centralised architecture. This approach enables enterprises to seamlessly deploy and administer sophisticated applications across diverse service providers. Hence, the demand for multi-cloud management services is fuelled by the escalating adoption of cloud services.
- The development of centralisation technologies and open-source container orchestration systems significantly propel the multi-cloud management market demand. Organisations can effectively handle and automate containerised workloads on a large scale with the utilisation of container orchestration tools. The implementation of these technologies can simplify multi-cloud management and enable effortless deployment and administration of applications across a wide range of cloud environments.
- Organisations are increasingly embracing hybrid and multi-cloud strategies, which represents a noteworthy multi-cloud management market trend. Hybrid clouds merge public and private cloud environments, empowering businesses to capitalise on the agility and versatility of public clouds while simultaneously retaining authority over sensitive data through private clouds.
Market Analysis
Based on platform, the market is bifurcated into internal brokerage enablement and external brokerage enablement. On the basis of service, the market segmentations include monitoring and access management, training and consulting, reporting and analytics, cloud automation, data security and risk management, migration and integration, and support and maintenance, among others.
The multi-cloud management market, based on the deployment model, is categorised into public cloud, private cloud, and hybrid cloud. Based on applications, the market segmentations include metering and billing, provisioning, lifecycle management, identity and policy management, compliance management, and infrastructure and resource management, among others.
The multi-cloud management market segmentation, on the basis of industry vertical, includes energy and utilities, telecommunication and IT-enabled services (ITES), travel and hospitality, BFSI, healthcare and life sciences, retail and consumer goods, government and public sector, and media and entertainment, among others. The major regional markets for multi-cloud management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global multi-cloud management market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- VMware, Inc.
- IBM Corporation
- Microsoft Corporation
- BMC Software, Inc
- Cisco Systems, Inc.
- Dell Technologies Inc.
- CloudBolt Software, Inc.
- Citrix Systems, Inc.
- Jamcracker Inc.
- Flexera Software LLC
- Others
Market Share by Service
Cloud automation is likely to hold a significant portion of the multi-cloud management market share in the forecast period. Companies are increasingly turning to automation to manage their private, public, and hybrid cloud environments more effectively. Artificial intelligence (AI) and machine learning (ML) are expected to play a crucial role in decision-making for cloud automation, particularly in analysing extensive log data. AI and ML-based systems and solutions can analyse large volumes of logging data and identify meaningful patterns.
Market Share by Industry Vertical
As per the global multi-cloud management market analysis, the banking, financial services, and insurance (BFSI) sector stands out as a prominent adopter of cloud technologies due to the growing requirement to handle substantial data volumes and maintain an extensive operational network. Banking institutions implement cloud-based systems to improve operational efficiency and deliver prompt customer service. To mitigate risks, BFSI companies often prefer employing multi-cloud environments, allowing for a seamless transition to an alternate cloud provider in the event of a failure.
The multi-cloud management market demand is further expected to be aided by the growing cloud adoption in the healthcare sector amid rapid digitisation and the growing focus to reduce operational costs.
Competitive Landscape
VMware, Inc. is a renowned software company that focuses on virtualisation and cloud computing technologies. It was founded in 1998 and is headquartered in California, the United States. Its extensive product portfolio consists of a diverse range of solutions aimed at helping organisations effectively run, manage, connect, and secure applications across different cloud environments and devices.
IBM Corporation is a renowned technology company with a long-standing heritage and a dominant position in the IT sector. Founded in 1911 and based in New York, the United States, the company has grown to become a prominent provider of hardware, software, and services.
Microsoft Corporation, also known simply as Microsoft, is a multinational technology company with a significant global presence. Headquartered in Washington, the United States, Microsoft offers a diverse range of products and solutions tailored to meet the needs of various sectors.
Other multi-cloud management market players include BMC Software, Inc, Cisco Systems, Inc., Dell Technologies Inc., CloudBolt Software, Inc., Citrix Systems, Inc., Jamcracker Inc., and Flexera Software LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Platform |
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| Breakup by Service |
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| Breakup by Deployment Model |
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| Breakup by Application |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Multi-Cloud Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Multi-Cloud Management Historical Market (2018-2023)
8.3 Global Multi-Cloud Management Market Forecast (2024-2032)
8.4 Global Multi-Cloud Management Market by Platform
8.4.1 Internal Brokerage Enablement
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 External Brokerage Enablement
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Multi-Cloud Management Market by Service
8.5.1 Monitoring and Access Management
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Training and Consulting
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Reporting and Analytics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Cloud Automation
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Data Security and Risk Management
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Migration and Integration
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Support and Maintenance
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Multi-Cloud Management Market by Deployment Model
8.6.1 Public Cloud
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Private Cloud
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Hybrid Cloud
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Multi-Cloud Management Market by Application
8.7.1 Metering and Billing
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Provisioning
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Lifecycle Management
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Identity and Policy Management
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Compliance Management
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Infrastructure and Resource Management
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Multi-Cloud Management Market by Industry Vertical
8.8.1 Energy and Utilities
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Telecommunication and IT-enabled Services (ITES)
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Travel and Hospitality
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 BFSI
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Healthcare and Life Sciences
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Retail and Consumer Goods
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Government and Public Sector
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Media and Entertainment
8.8.8.1 Historical Trend (2018-2023)
8.8.8.2 Forecast Trend (2024-2032)
8.8.9 Others
8.9 Global Multi-Cloud Management Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Multi-Cloud Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Multi-Cloud Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Multi-Cloud Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Multi-Cloud Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Multi-Cloud Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 VMware, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 IBM Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microsoft Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BMC Software, Inc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cisco Systems, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Dell Technologies Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 CloudBolt Software, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Citrix Systems, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Jamcracker Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Flexera Software LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Multi-Cloud Management Market: Key Industry Highlights, 2018 and 2032
2. Global Multi-Cloud Management Historical Market: Breakup by Platform (USD Billion), 2018-2023
3. Global Multi-Cloud Management Market Forecast: Breakup by Platform (USD Billion), 2024-2032
4. Global Multi-Cloud Management Historical Market: Breakup by Service Type (USD Billion), 2018-2023
5. Global Multi-Cloud Management Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
6. Global Multi-Cloud Management Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
7. Global Multi-Cloud Management Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
8. Global Multi-Cloud Management Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Multi-Cloud Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Multi-Cloud Management Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
11. Global Multi-Cloud Management Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
12. Global Multi-Cloud Management Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Multi-Cloud Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Multi-Cloud Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Multi-Cloud Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Multi-Cloud Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Multi-Cloud Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Multi-Cloud Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Multi-Cloud Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Multi-Cloud Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Multi-Cloud Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Multi-Cloud Management Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Multi-Cloud Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Multi-Cloud Management Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 8.29 billion.
The market is projected to grow at a CAGR of 27.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 75.55 billion by 2032.
The market is being driven by the rising adoption of cloud technologies and the increasing focus on leveraging automation in various end-use sectors.
The major trends driving the market growth include the increasing adoption of hybrid cloud strategies and the development of centralisation technologies and open-source container orchestration systems.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major industry verticals for the product include energy and utilities, telecommunication and IT-enabled services (ITES), travel and hospitality, BFSI, healthcare and life sciences, retail and consumer goods, government and public sector, and media and entertainment, among others.
The key players in the market include VMware, Inc., IBM Corporation, Microsoft Corporation, BMC Software, Inc, Cisco Systems, Inc., Dell Technologies Inc., CloudBolt Software, Inc., Citrix Systems, Inc., Jamcracker Inc., and Flexera Software LLC, among others.
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