Press release
Multi-Cloud Management Market Comprehensive Analysis By 2028 | Flexera, VMware, Dynatrace, BMC Software, Cisco Systems
According to a market research study published by The Insight Partners, demand analysis of Multi-Cloud Management Market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period. The multi-cloud management market size expected to reach US$ 33,481.70 million by 2028; registering at a CAGR of 27.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners.Get Sample PDF: https://www.theinsightpartners.com/sample/TIPRE00003465/?utm_source=OpenPR&utm_medium=10212
Major key players covered in this Multi-Cloud Management Market report:
•BMC Software
•Cisco Systems
•Flexera
•International Business Machines
•Micro Focus International
•Zerto Ltd.
•VMware
•Snow Software
•UnityOneCloud
•Dynatrace
Multi-cloud management includes tools and procedures that allow businesses to monitor and safeguard workloads, as well as applications (apps), across multiple public and private clouds. Multi-cloud management solutions and services enable IT teams to manage clouds from a single interface and support multiple cloud providers (such as Azure and AWS) and cutting-edge tools such as Kubernetes. Containers and Kubernetes play important roles in enabling multi-cloud management. Containers make it simpler for developers to create apps that can be deployed on any cloud, as they combine apps with their dependencies and necessary services in a lightweight package. Kubernetes enables efficient management, deployment, and automation of those containers. The lessened reliance on a single cloud vendor allows businesses to maximize cloud utilization and optimize expenses and take advantage of the relative strengths of each cloud provider.
Vendor lock-in refers to a situation wherein an organization wants to transfer its business from one of its current vendors but cannot do so due to various reasons, such as projected cost, duration, and complexity of switching. Avoiding vendor lock-in is the most frequently mentioned among the many benefits of a multi-cloud strategy. As per a survey conducted by Stratoscale, more than 80% of businesses expressed moderate anxiety about being tied to a single public cloud platform. However, adopting multi-cloud management can help avoid such instances, which are among the basic needs of some organizations. A multi cloud approach reduces dependence on any single vendor, enables vendor diversification, and prevents lock-in. This is important for enterprises to ensure that they can adopt the most relevant platforms for their business objectives and move among cloud stacks as needed.
Impact of COVID-19 Pandemic on Multi-Cloud Management Market Growth
The emergence and rapid spread of SARS-CoV-2 paralyzed several developed and developing countries. The COVID-19 outbreak adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Upon the declaration of the pandemic, enterprises rapidly moved their critical workload to the cloud to ensure seamless business functioning. Moreover, with the cloud gaining momentum, enterprises are paving ways to optimize their networks, storage, and agility, wherein, multi-cloud services have turned out to be a more suitable solution for business needs. , the COVID-19 pandemic had a positive impact on the multi-cloud management market as organizations embraced the work-from-home culture and minimum physical contact by adopting a mix of third-party clouds, in-house infrastructure, and software-as-a-service (SaaS) in business operations.
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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Multi-Cloud Management Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
Ecosystem Of The Global Multi-Cloud Management Market
The ecosystem of the global multi-cloud management market comprises the following stakeholders - solution providers, multi-cloud management system integrators/ service vendors, and end users. The solution providers offer various types of solution such as software, services, security and risk management, training and consulting, reporting and analytics, cloud automation, migration and integration, and support and maintenance, among others. In recent year's number of solutions have entered in the market, making it highly fragmented. Some of the major solution providers in the market include Micro Focus International plc; Zerto Ltd.; VMware, Inc.; Snow Software, Inc.; UnityOneCloud; and Dynatrace, Inc., among others.
The multi-cloud management market is segmented on the basis of component, deployment, application, verticals, and geography. Based on component, the market is bifurcated into software and services. In terms of deployment, the market is bifurcated into public cloud and private cloud. Based on application, the market is segmented into infrastructure and resource management, identity and policy management, compliance management, metering and billing, and provisioning and lifecycle management. Based on verticals, the market is segmented into BFSI, IT & telecom, government, retail & consumer goods, travel & hospitality, healthcare & life science and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Reason to Buy
•Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Multi-Cloud Management Market.
•Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
•The key findings and recommendations highlight crucial progressive industry trends in the Multi-Cloud Management Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
•Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
•Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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