DUBLIN--(BUSINESS WIRE)--The "Multi-Cloud Management Market by Platform, Application (Metering & Billing, Infrastructure & Resource Management), Service Type (Cloud Automation, Migration & Integration), Deployment Model, Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The multi-cloud management market is expected to grow from USD 1,169.5 Million in 2017 to USD 4,492.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period.
The demand for cloud computing is expected to be driven by many factors, such as lower costs, flexibility, agility, and security. Multi-cloud management combines the know-hows of research and innovation, with the complete lifecycle of cloud-ready solutions, to offer reduced Time-to-Market (TTM) and enhanced operational processes.
North America is estimated to have the largest market share in 2017, whereas the Asia Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the multi-cloud management market. An increasing need for efficient computing framework and shifting of workload to cloud environment are said to be driving the demand for the growth of the market, globally.
Adoption of multi-cloud management is believed to be increasing in the market, owing to the growing adoption of cloud-based services and the emergence of Internet of Things (IoT). However, enterprises face some obstacles while adopting multi-cloud management, due to application portability on various cloud environments and its compliance with stringent regulations.
Market Dynamics
Drivers
- Avoidance of Vendor Lock-Ins
- Increased Agility And Automation
- Need for High Level of Governance And Policy
Restraints
- Application Portability On Various Cloud Environments
- Compliance With Stringent Regulations
Opportunities
- Transformation Opportunity for Isvs Into Saas Providers
- Significant Growth in Hybrid Cloud Adoption
- High Adoption Rate in Smes
Challenges
- Complexities in Redesigning the Network for Cloud
-
Lack of Expertise And Management Overheads
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview And Industry Trends
6 Multi-Cloud Management Market Analysis, By Platform
7 Multi-Cloud Management Market Analysis, By Application
8 Multi-Cloud Management Market Analysis, By Service Type
9 Multi-Cloud Management Market Analysis, By Deployment Model
10 Multi-Cloud Management Market Analysis, By Vertical
11 Geographic Analysis
12 Company Profiles
- Accenture
- BMC Software
- CenturyLink
- Citrix
- CliQr
- Cloudmore
- Cloudyn
- Dell Technologies
- DoubleHorn
- IBM
- Jamcracker
- RightScale
- Sixsq
- Turbonomic
- VMware
For more information about this report visit https://www.researchandmarkets.com/research/zpnmm7/global?w=4
