Rising Adoption of Multi-Cloud Management To Harness And Optimize Data From IoT Connected Devices: A Key Factor Shaping the Future of the Multi-Cloud Management Market in 2025

How Are the key drivers contributing to the expansion of the multi-cloud management market?
The rise in IoT-connected devices is anticipated to contribute to the expansion of the multi-cloud management market. These IoT-connected devices are unconventional computing devices that wirelessly link to a network and relay data. Multi-cloud management proves beneficial for these devices as it facilitates superior handling of the enormous data volumes these devices produce across various cloud platforms. It also allows firms to steer clear of being tied to a solitary cloud supplier, which may impede their adaptability and elevate expenses. For instance, a report by Sweden-based telecommunications firm, Ericsson in November 2022, indicated that broadband IoT (4G/5G) - the connector of most cellular IoT devices, hit 1.3 billion connections in 2022. Around 60% of cellular IoT connections are projected to be broadband IoT connections by the close of 2028, with 4G being the primary connector. Hence, the proliferation of IoT-connected devices is fueling the multi-cloud management market's expansion. The next significant driver for the multi-cloud management market is the escalating level of digitization. It's expected to support the forward momentum of the market. Digitization converts analog data from non-digital channels, such as physical documents, photographs, and audio recordings, into savable digital data. Digitization utilizes multi-cloud management to increase resource allocation efficiency, augment data redundancy, boost scalability, and assure high availability across multiple cloud platforms. This culminates in improved operational efficiency and diminished risk of downtime or data loss. For instance, the Augusta Free Press, a US-based news service company, reported in December 2022 that worldwide digital transformation expenditure hit around $1.85 trillion, a 16% surge from the prior year. Consequently, escalating digitization is propelling the expansion of the multi-cloud management market.

Get Your Multi-Cloud Management Market Report Here:
https://www.thebusinessresearchcompany.com/report/multi-cloud-management-global-market-report

What growth opportunities are expected to drive the multi-cloud management market's CAGR through 2034?
The size of the multi-cloud management sector has dramatically expanded in the last few years. The market is expected to inflate from $12.39 billion in 2024 to $15.86 billion in 2025, marking a compound annual growth rate (CAGR) of 28.1%. Factors like increasing cloud adaptation, multifaceted multi-cloud scenarios, security issues, and necessity for cost-efficient models and operational effectiveness have been instrumental in driving the growth during the historic period.

The market size for multi-cloud management is forecasted to significantly increase in the following few years, reaching $40.45 billion in 2029 with a 26.4% compound annual growth rate. This predicted growth during the forecast period is due to various factors such as improved security needs, concentration on cost governance, heightened intricacy of multi-cloud settings, expansion of hybrid clouds, and issues related to regulatory compliance. Key trends anticipated in the forecast period encompass fast-paced tech advancements, broadening adoption of multi-cloud tactics, escalating significance of interoperability, stress on cost reduction, and utilization of automation for effective management.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13492&type=smp

What are the emerging trends shaping the future of the multi-cloud management market?
Key players in the multi-cloud management industry are introducing progressive products, like the multi-hybrid cloud, to assist businesses in their digital transformation journey. The multi-hybrid cloud is an IT framework that syncs and manages multiple hybrid cloud systems. Taking an example, in April 2023, Cognizant, an IT firm based out of the US, unveiled a multi-hybrid cloud and edge management platform branded as Cognizant Skygrade. The primary aim of this platform is to facilitate businesses in settling into modern cloud-native structures and simplify their cloud management tasks. It works in harmony across various cloud environments, looking after the complete transformation lifecycle, and merges Cognizant's expertise in AIOps, operations, and infrastructure modernization into an all-inclusive solution for pioneers in digital transformation.

Which growth-oriented segments of the multi-cloud management market are leading the industry's development?
The multi-cloud management market covered in this report is segmented -

1) By Solution: Security And Risk Management, Training And Consulting, Reporting And Analytics, Cloud Automation, Managed Services, Other Solutions
2) By Deployment Model: Public Cloud, Hybrid Cloud, Private Cloud
3) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
4) By End-Use: BFSI, IT And Telecom, Consumer Goods and Retail, Manufacturing, Healthcare, Media and Entertainment, Government, Other End-Uses

Subsegments:
1) By Security And Risk Management: Cloud Security Solutions, Identity And Access Management (IAM), Threat Detection And Mitigation, Compliance And Governance Tools
2) By Training And Consulting: Cloud Strategy Consulting, Cloud Migration Consulting, Multi-Cloud Architecture Training, Managed Service Provider (MSP) Consulting
3) By Reporting And Analytics: Cloud Performance Monitoring, Cost Management And Optimization, Cloud Usage Reporting, Business Intelligence And Analytics For Multi-Cloud
4) By Cloud Automation: Cloud Provisioning And Orchestration, Infrastructure As Code (Iac) Solutions, Cloud Service Automation Tools, Workflow Automation
5) By Managed Services: Cloud Operations Management, Multi-Cloud Monitoring And Support, Disaster Recovery And Backup Services, Service Level Agreement (SLA) Management
6) By Other Solutions: Multi-Cloud Data Management, Cloud Integration Tools, Multi-Cloud Networking Solutions, Cloud Cost Optimization

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13492

What regions are leading the charge in the multi-cloud management market?
North America was the largest region in the multi-cloud management market in 2024. The regions covered in the multi-cloud management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the multi-cloud management market?
Major companies operating in the multi-cloud management market report are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corp., Cisco Systems Inc., Oracle Corporation, Flexera Software LLC, Infosys Limited, Lumen Technologies Inc., VMware Inc., NetApp Inc., Citrix Systems Inc., Rackspace Technology Inc., CloudBolt Software Inc., BMC Software Inc., Snow Software AB, DivvyCloud Corporation, Trianz Holdings Pvt. Ltd., Virtana Corp., AppDirect Inc., Jamcracker Inc., Cloudenablers Inc., Stacklet Inc., RightScale Inc., CloudCheckr Inc., Turbonomic Inc., EnvZero Inc., Upbound, DoubleHorn LLC, Embotics Corporation

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=13492&type=smp

What Is Covered In The Multi-Cloud Management Global Market Report?

•Market Size Forecast: Examine the multi-cloud management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the multi-cloud management market for a structured understanding.
•Key Players Overview: Analyze major players in the multi-cloud management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the multi-cloud management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the multi-cloud management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the multi-cloud management market.
•Industry Challenges: Identify potential risks and obstacles affecting the multi-cloud management market.
•Competitive Landscape: Review strategic developments in the multi-cloud management market, including expansions, agreements, and new product launches.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.