(MENAFNEditorial) Global Multi Cloud Management Market, by Deployment (Private, Public, Hybrid), by Application (BFSI, Healthcare, Retail Multi Cloud Management Global Market Overview:
The global multi cloud management market is showing immense growth; mainly due to the emergence of internet of things and increasing demand for cloud based services. Multi cloud management refers to an environment that totally relies on multiple clouds such as OpenStack, Microsoft Azure or AWS for management of multiple applications. It can also include homegrown clouds, telecom clouds and other third-party clouds. Multi cloud environments can be complex and requires proper management for the same. Hence many users prefer outsourcing of management of multi cloud services and applications.
According to a recent study report published by Market Research Future, The global market of multi cloud management is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 2023). Multi cloud environment provides a single connection point and API that spans public and private clouds and virtualized environments. Major factors driving the growth of multi cloud management market is the increased agility and automation and growing need for high level of governance and policies.
is gaining popularity with to the major software providers like BMC software and Rackspace coming up with combination of different multi cloud services and applications in the market to meet the ever increasing demand and convenience of the users. Unique needs and desire to diversify in the market are major factors driving the growth of multi cloud management market.
On the other hand, lack of technical expertise and application portability on various cloud environments are major factors which could cause hindrance in the growth ofmulti cloud management market. Also, implementation of multi cloud management will require compliance with stringent regulations which may ultimately hamper the market growth.
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Major Key Players:
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),, Turbonomic (US), Micro Focus (Berkshire), Red Hat (US), SixSq (Switzerland), Embotics (US), Cloudmore (Sweden), Flexiant (UK), Navisite (US), Scalr (US), Rackspace (US), CloudBolt (US), CloudHelm (US), and CloudEnablers (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Multi Cloud Management Market.
Industry News:
November 2017 BMC cloud management solutions were on display at the AWS re:Invent 2017. BMC is also participating in the AWS competency program to ensure a smooth migration to AWS for BMC customers. BMC discovery for multi-cloud creates a dynamic, complete view of all IT assets and their relationships across the cloud as well as in the data center.
December 2017 VMware adds cloud management tools to SDDC platform. It will allow users to manage and provision compute, network, storage, and application services at scale across hybrid cloud environments through new integrations with VMware vRealize products.
February 2017 CenturyLink advances multi-cloud management strategy with launch of cloud application manager. It is basically designed to simplify the deployment of enterprise workloads. The cloud application manager delivers flexibility that enterprises need to quickly provision, deploy and migrate workloads to the environment that best matches business requirements.
Multi Cloud Management Global Market Competitive Analysis:
The market of multi cloud management appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R & D and, most of all, in acquiring other firms.
Multi Cloud Management Global Market Segmentation:
The multi cloud management market can be classified into 6 key segments for the convenience of the report and enhanced understanding;
Segmentation by Platform: Comprises of internal enablement and external enablement.
Segmentation by Service Type: Comprises of cloud automation, migration & integration, reporting & analytics, data security & risk management, monitoring & access management, training & consulting, support & maintenance and others.
Segmentation by Deployment: Comprises of public cloud, private cloud and hybrid cloud.
Segmentation by Application: Comprises of metering & billing, infrastructure & resource management, provisioning, compliance management, lifecycle management, identity & policy management and others.
Segmentation by Vertical: Comprises of BFSI, healthcare, IT & telecommunication, media & entertainment, retail, travel and others.
Segmentation by Region:Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Multi Cloud Management Global Market Regional Analysis:
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the multi cloud management market in North America owing to the presence of a large number of established key players such as BMC Software, CenturyLink, VMware and DoubleHorn among others.
Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud technologies in the region, the market is likely to show immense growth in the coming future. Multi cloud management marketin Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in IT technology and increasing adoption of cloud based services in the region. Whereas, the Europe market formulti cloud management is expected to grow at a considerable CAGR (2017-2023).
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