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Surging Adoption Of Cloud Computing Services Fuels Growth In The Multi-Cloud Networking Market Driver: A Major Catalyst in the Evolution of the Multi-Cloud Networking Market in 2025
Multi Cloud Networking Market
The growth of the multi-networking market is expected to be driven by the increasing acceptance of cloud computing services. These services allow for the delivery of diverse computing solutions, such as servers, storage, databases, networking, software, analytics etc. on a pay-as-you-go basis through the internet, also known as the cloud. The usage of cloud computing services is on an upward trajectory due to factors like cost-effectiveness, scalability, and flexibility. They also offer advantages such as improved accessibility and collaboration, enhanced security and reliability, fostering innovation, and providing a competitive edge. Multi-cloud networking takes advantage of cloud computing services to capitalize on the strengths of multiple cloud providers, achieving redundancy, scalability, and optimization of workload across various environments. For instance, Eurostat, a government agency based in Luxembourg, revealed in December 2023 that 42.5% of EU enterprises procured cloud computing services mainly for email, file storage, and office software, showing a rise of 4.2 percentage points over 2021. Hence, the growth of the multi-networking market is being spurred by the escalating adoption of cloud computing services.
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What is the projected compound annual growth rate (CAGR) of the multi-cloud networking market from 2025 to 2034, and what factors influence it?
The dimensions of the multi-cloud networking market have expanded rapidly in the past few years. Its growth is set to rise from $4.76 billion in 2024 to $6.02 billion in 2025, with a compounded annual growth rate (CAGR) of 26.5%. This growth during the historical period can be credited to factors such as cost optimization, the need for scalability, business continuity, disaster recovery (BCDR), and the necessity to comply with regulations.
The market size of multi-cloud networking is predicted to witness a significant surge in the upcoming years. It is projected to escalate to $15.38 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 26.4%. This growth over the forecast period can be traced back to factors like the adoption of hybrid cloud, expansion in edge computing, globalization and the increase of distributed workforces, cybersecurity issues, and efforts towards digital transformation. The primary trends during the forecast time will be enhanced adoption of hybrid cloud systems, growth of edge computing projects, increased demand stemming from globalization and dispersed workforces, strengthened emphasis on cybersecurity strategies, and the fast-tracking of digital transformation initiatives.
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How are the latest trends influencing the growth of the multi-cloud networking market?
Leading entities within the multi-cloud networking sector are introducing revolutionary offerings such as cross-cloud networks, to enhance their market standing. The cross-cloud network is a term used to describe networking structure and architecture that facilitates data transfer and communication between multiple cloud service assets, promoting workload distribution, interoperability, and redundancy across varying cloud settings. To illustrate, Google LLC, an information technology corporation headquartered in the US, unveiled its Cross-Cloud Network, a cloud networking solution designed to streamline connections between on-site locations and different cloud environments, in August 2023. This system promotes smooth cooperation across multiple cloud providers and delivers solutions for the efficient creation of distributed applications, speeding up delivery of internet-facing applications, as well as providing secure access to hybrid workforces.
What are the major segments of the multi-cloud networking market and their role in driving growth?
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
Subsegments:
1) By Solutions: Cloud Networking Solutions, Cloud Security Solutions, Cloud Management Solutions, Cloud Orchestration Solutions
2) By Services: Professional Services, Managed Services
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Which regions are key players in the growth of the multi-cloud networking market?
North America was the largest region in the multi-cloud networking market in 2024. 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.
Who are the key firms paving the way for growth in the multi-cloud networking market?
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
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What Is Covered In The Multi-Cloud Networking Global Market Report?
•Market Size Forecast: Examine the multi-cloud networking market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the multi-cloud networking market for a structured understanding.
•Key Players Overview: Analyze major players in the multi-cloud networking market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the multi-cloud networking market.
•Segment Contributions: Evaluate how different segments drive overall growth in the multi-cloud networking market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the multi-cloud networking market.
•Industry Challenges: Identify potential risks and obstacles affecting the multi-cloud networking market.
•Competitive Landscape: Review strategic developments in the multi-cloud networking market, including expansions, agreements, and new product launches.
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