Multi-Cloud Networking Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Aviatrix and Oracle are key players.

Multi-Cloud Networking Market is expected to grow at a CAGR of 29.66% to reach a market size worth US$1,449.37 million by 2028.

The prime factors propelling the multi-cloud networking market growth are the increasing use of cloud systems and multi-cloud strategies by enterprises across several industries.

The multi-cloud networking market is expected to grow steadily between 2021 and 2028.

Multi-cloud networking is the usage of cloud services from several different suppliers. It uses a hybrid approach for integrating the best features of services from several providers to create a solution specifically tailored to each organization's needs. Businesses that use multi-cloud networking can change their network based on their needs and use various providers for different workloads. The pandemic has prompted enterprises from various industries to adopt cloud systems and multi-cloud schemes to become more efficient and comply with regulations, which is driving the need for multi-cloud networking. Market players have begun to implement various strategies, including product differentiation, launching new products, and securing investments for expansion and enhancement. In February 2023, InsidePacket, Inc. and Equinix, Inc. partnered and launched a multi-cloud network on Equinix Metal to provide enterprises with a global hyper-scale network built on Equinix's backbone, which has high performance and low latency connection. In January 2023, Forward Networks secured US$50 million in Series D funding to invest in its digital twin network modeling program, which offers security, consistency, and flexibility to large business networks. In January 2023, Cloudian announced closing US$60 million in fresh fundraising, bringing the company's total amount raised to US$233 million to improve the hybrid cloud platform's capabilities and prepare it for the future expansion phase.

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The multi-cloud networking market has been segmented into deployment model, enterprise size, industry vertical, and geography.

Based on the deployment model, the market has been segmented into public cloud and private cloud.
Based on the enterprise size, the market has been segmented into small, medium, and large. Based on the industry vertical, the market has been segmented into BFSI, healthcare, retail, IT and telecom, manufacturing, and others.

By region, Europe is expected to retain a considerable market share due to Europe's well-established internet infrastructure, solid economic foundation, and rising business demand for cloud services. The existence of enterprises with technical understanding and broad business needs in Germany and the United Kingdom has been expected to see significant market expansion. The Internet of Things (IoT) and increased customer expectations are expected to impact the growth of the multi-cloud networking market in Europe. In addition, North America being home to major companies, including Microsoft, Google, and IBM, is predicted to show significant regional market growth.

Several organizations have cut back on their IT spending due to the economic uncertainty created by the pandemic, which has affected the growth of multi-cloud networking. In addition, the pandemic has disrupted supply chains globally, making it difficult for vendors to source the necessary components and equipment to manufacture and deliver multi-cloud networking solutions. As a result, the multi-cloud networking market is expected to grow over the long term.

The major players covered in the multi-cloud networking market study are Microsoft Corporation, Amazon Web Services, Inc., Aviatrix, Oracle, Alphabet Inc. (Google), NetFoundry, Equinix, Inc., Prosimo Inc., Rayno Media Inc, and Cisco.

This multi-cloud networking market has been analyzed into the following segments:

• By Deployment
o Public Cloud
o Private Cloud

• By Enterprise Size
o Small and Medium
o Large

• By Industry Vertical

o BFSI
o Healthcare
o Retail
o IT and Telecom
o Manufacturing
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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