Multi-Cloud Networking Global Market Report 2024 by The Business Research Company | Cisco Systems Inc.; Oracle Corporation; Hewlett Packard Enterprise Development LP; VMware Inc.; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Netwo

The multi-cloud networking market size has grown exponentially in recent years. It will grow from $3.77 billion in 2023 to $4.76 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth in the historic period can be attributed to cost optimization, scalability requirements, business continuity and disaster recovery (BCDR), and regulatory compliance.

The multi-cloud networking market size is expected to see exponential growth in the next few years. It will grow to $12.17 billion in 2028 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to hybrid cloud adoption, edge computing expansion, globalization and distributed workforces, cybersecurity concerns, digital transformation initiatives. Major trends in the forecast period include increased adoption of hybrid cloud architectures, expansion of edge computing initiatives, globalization and distributed workforces driving demand, heightened focus on cybersecurity measures, acceleration of digital transformation initiatives.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15094&type=smp

Multi-Cloud Networking Market Major Segments
The multi-cloud networking market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Type: Public Cloud, Private Cloud
3) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By Vertical: Information Technology And Information Technology Enabled Services, Banking, Financial Services, And insurance, Retail And eCommerce, Healthcare And Life Sciences, Transportation And Logistics, Manufacturing, Media And Entertainment, Energy And Utilities, Other Verticals

Key Driver - Surging Adoption Of Cloud Computing Services Fuels Growth In The Multi-Cloud Networking Market

The rising adoption of cloud computing services is expected to propel the growth of the multi-networking market going forward. Cloud computing services refer to delivering computing services, including servers, storage, databases, networking, software, analytics, and more, over the internet (the cloud) on a pay-as-you-go basis. The adoption of cloud computing services is increasing due to cost efficiency, scalability and flexibility, accessibility and collaboration, security and reliability, and the opportunity for innovation and competitive advantage. Cloud computing services in multi-cloud networking are utilized to leverage the strengths of multiple cloud providers for redundancy, scalability, and workload optimization across diverse environments. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5.0 percentage-point (pp) rise from 36% in 2020. Therefore, the rising adoption of cloud computing services is driving the growth of the multi-networking market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15094&type=smp

Prominent Trend - Rise Of Cross-Cloud Networking Solutions Revolutionizing Multi-Cloud Environments

Major companies operating in the multi-cloud networking market are developing innovative products, such as cross-cloud networks, to gain a competitive edge in the market. Cross-cloud network refers to the networking infrastructure and architecture that enables communication and data exchange between resources deployed across multiple cloud service providers, facilitating interoperability, redundancy, and workload distribution across diverse cloud environments. For instance, in August 2023, Google LLC, a US-based information technology company, launched its Cross-Cloud Network, a cloud networking platform designed to simplify connectivity between various cloud environments and on-premises locations. This platform enables seamless collaboration across multiple cloud providers, offering solutions for building distributed applications efficiently, accelerating internet-facing application delivery, and providing secure access for hybrid workforces.

Multi-Cloud Networking Market Players
Major companies operating in the multi-cloud networking market report are Cisco Systems Inc.; Oracle Corporation; Hewlett Packard Enterprise Development LP; VMware Inc.; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Networks Inc.; Akamai Technologies; Citrix Systems Inc.; F5 Inc.; Nutanix; Array Networks; Extreme Networks Inc. ; Zscaler Inc.; Cloudflare Inc.; Riverbed Technology; Barracuda Networks Inc.; Masergy Communications Inc.; A10 Networks Inc.; Imperva Inc.; Versa Networks Inc.; Silver Peak Systems Inc.; Avi Networks; Kemp Technologies

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/multi-cloud-networking-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the multi-cloud networking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Multi-Cloud Networking Market Report Structure
3. Multi-Cloud Networking Market Trends And Strategies
4. Multi-Cloud Networking Market - Macro Economic Scenario
5. Multi-Cloud Networking Market Size And Growth
…..
27. Multi-Cloud Networking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.