Multi Cloud Management: Global Market Outlook (2017-2023) - Driven by Increased Agility & Automation and Avoidance of Vendor Lock-In - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The “Multi Cloud Management - Global Market Outlook (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.
The Global Multi Cloud Management Market accounted for $937.8 million in 2016 and is expected to reach $5,331.27 million by 2023 growing at a CAGR of 28.2% during the forecast period.
Increased agility & automation, avoidance of vendor lock-in and requirement for high level of governance and policy are some of the factors favouring the market growth. However, lack of data security and dearth of expertise are major challenges in the market. The major opportunities in the market include significant growth in hybrid cloud adoption and high acceptance rate in SMES.
By using multi-cloud management solutions, enterprises are advancing latest and better ways of attractive operational benefits, while also reducing the costs. The prevention of vendor lock-ins, improved dexterity and automation, and the requirement for high-level governance and policies are expected to drive the demand for the multi-cloud management solutions. Based on deployment model, public cloud segment is anticipated to hold the largest market share during the forecast period.
In terms of geography, the global Multi Cloud Management market is dominated by North America region owing to technical advancements, rising internet penetration rate and rapid move from isolated infrastructure to cloud in the region. Moreover, APAC is expected to grow at the highest CAGR during the forecast period.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Multi Cloud Management Market, By Service Type
6 Global Multi Cloud Management Market, By Application
7 Global Multi Cloud Management Market, By Platform
8 Global Multi Cloud Management Market, By End User
9 Global Multi Cloud Management Market, By Deployment Model
10 Global Multi Cloud Management Market, By Organization Size
11 Global Multi Cloud Management Market, By Geography
12 Key Developments
13 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/lmr987/multi_cloud?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613005549/en/
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Related Topics:Cloud Computing and Storage
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT
SOURCE: Research and Markets
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PUB: 06/13/2018 07:57 AM/DISC: 06/13/2018 07:57 AM