Rising Adoption of Multi-Cloud Management To Harness And Optimize Data From IoT Connected Devices: A Key Catalyst Accelerating Global Multi-Cloud Management Market Growth in 2025

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How Large Will the Multi-Cloud Management Market Size By 2025?
The market size of multi-cloud management has seen substantial expansion in the past few years. The market is projected to swell from $12.39 billion in 2024 to $15.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 28.1%. The robust growth during the historical period is closely linked to factors such as increased cloud adoption, the complexity of managing multi-cloud environments, security-related issues, the need for cost optimization, and the demand for operational efficiency.

How Big Is the Multi-Cloud Management Market Size Expected to Grow by 2029?
The market size of multi-cloud management is anticipated to witness a rapid rise in the forthcoming years, scaling up to $40.35 billion by 2029, maintaining a Compound Annual Growth Rate (CAGR) of 26.3%. The surge during the predicted timeline can be linked to improved security needs, attention to cost governance, expanding intricacy of multi-cloud scenarios, the broadening of hybrid clouds, and issues regarding regulatory compliance. Major foreseeable trends include swift advancements in technology, heightened usage of multi-cloud approaches, growing emphasis on interoperability, attention to cost-efficiency, and the assistance of automation for effective control.

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Which Key Market Drivers Powering Multi-Cloud Management Market Expansion and Growth?
The surge in devices connected through IoT is predicted to propel the expansion of the multi-cloud management market. Nonstandard computing devices, referred to as IoT-linked devices, connect to networks wirelessly and transmit data. The advantage of multi-cloud management for such devices is its ability to effectively manage the copious amounts of data produced by them over various cloud platforms. Furthermore, it prevents organizations from being solely dependent on a single cloud provider, thereby enhancing flexibility and reducing costs. A case in point is a report published by Ericsson, a telecommunication firm based in Sweden, in November 2022. It stated that broadband IoT (4G/5G), responsible for most cellular IoT device connections, had hit 1.3 billion connections in 2022. It projected that by the close of 2028, nearly 60% of cellular IoT connections would be broadband IoT connections, with 4G forming the majority. Consequently, the growth of the multi-cloud management market is being fueled by the augmented numbers of IoT-linked devices.

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Which Fast-Growing Trends Are Poised to Disrupt the Multi-Cloud Management Market?
In the multi-cloud management market, leading companies are creating groundbreaking products like multi-hybrid cloud to facilitate enterprises in their digital transformation journey. The multi-hybrid cloud is a computing framework that blends and handles multiple hybrid cloud deployments. For example, in April 2023, Cognizant, a US-based IT firm, unveiled a multi-hybrid cloud and edge management platform known as Cognizant Skygrade. This platform aids enterprises in shifting to contemporary cloud-native architectures and simplifying their cloud management tasks. Moreover, the platform offers smooth integration and operation across multiple-cloud environments while addressing all stages of cloud transformation by uniting Cognizant's AIOps, operations, and infrastructure modernization skills into a holistic solution for leaders in digital transformation.

What Are the Emerging Segments in the Multi-Cloud Management Market?
The multi-cloud managementmarket 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

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Who Are the Global Leaders 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., crac*ker Inc., Cloudenablers Inc., Stacklet Inc., RightScale Inc., CloudCheckr Inc., Turbonomic Inc., EnvZero Inc., Upbound, DoubleHorn LLC, Embotics Corporation

Which are the Top Profitable Regional Markets for the Multi-Cloud Management Industry?
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.

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