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Multi-Cloud Management Market – Detailed Analysis of Current Industry Figures with Forecasts Growth by 2027 | BMC Software, VMWare, IBM, Accenture, CenturyLink, Cisco, Rightscale, Cloudyn, Jamcracker, and Citrix. | Trending Report
The global multi-cloud management market was valued at $1,198.4 million in 2016, and is projected to reach $6,816.5 million by 2023, growing at a CAGR of 28.4% from 2017 to 2023. The services segment is anticipated to grow at the highest rate during the forecast period.Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.
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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
The report features a competitive scenario of the global multi-cloud management industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are BMC Software, VMWare, IBM, Accenture, CenturyLink, Cisco, Rightscale, Cloudyn, Jamcracker, and Citrix. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the multi-cloud management market.
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The report offers key drivers that propel the growth in the multi-cloud management market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
The research offers a detailed segmentation of the multi-cloud management market. Key segments analyzed in the research include Component Type, Deployment Model Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Component Type, Deployment Model Type for the historic period and the forecast period is offered with the help of tables.
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Key Findings of the Multi-Cloud Management Market:
The software segment accounted for the highest share of the global multi-cloud management industry by component in 2016, growing at a CAGR of 27.8% from 2017 to 2023.
The IT & telecom multi-cloud management market by industry vertical generated the highest revenue share in 2016, and is projected to grow at a rate of 22.4%.
The North America multi-cloud management market generated the highest share, valued at $722.4 million, in terms of revenue in 2016.
The multi-cloud management market in public sector is expected to witness the highest growth rate during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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