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Multi-Cloud Management Market Overview, Investment Feasibility, Recent Trends & Developments, Top Company Profiles & Forecast 2022

The research report categorizes the Multi-Cloud Management Market to forecast the revenues and analyze the trends.

 

Northrook, IL -- (SBWIRE) -- 11/01/2019 -- The Multi-Cloud Management Market size is expected to grow from USD 970.9 Million in 2016 to USD 4,492.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period, as per a report by MarketsandMarkets.

How significant growth in hybrid cloud adoption is an opportunity?

Key trends that are expected to manifest themselves in the hybrid cloud include demand for integrated DevOps, higher adoption of OpenStack solutions, and increased emphasis on operational governance and security management. In addition, the hybrid cloud deployment model helps organizations in efficiently transferring their workloads from on-premises and different cloud environments to a unified platform. It is important for the companies to implement hybrid cloud to enjoy the flexibility of switching between clouds, and have the required economies of scale to gain a competitive edge over other companies. Due to the significant growth in the adoption of hybrid cloud, it is also expected that the enterprises would soon adopt the multi-cloud management platform.

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Why complexities in redesigning the network for cloud is a challenge?

The redesigning of networks from on-premises to cloud requires high initial investment, which is difficult, especially for SMEs that have limited budgets and resources. Moreover, most of the enterprises have found the upgrade to cloud deployment complex and costly. Enterprises need to take care of a number of issues, along with the network architecture, to accommodate their cloud infrastructure setup. It is very difficult to achieve visibility, measure performance, and manage workloads across multiple cloud deployment models. Complexity is the biggest challenge in the multi-cloud environment due to its deployment structure and the strategies required for building and managing the multi-cloud environments.

The hybrid cloud is a concept that incorporates the elements of both the public and private cloud. In this deployment model, enterprises use both private and public cloud at the same time. It simultaneously targets the 2 major concerns of scalability and security, which are difficult to attain by only using either the public or the private cloud deployment framework.

The retail and consumer goods vertical is expected to have a high growth rate in the next 5 years. It is one of the fastest-growing verticals, due to the rising consumer purchasing power. By ensuring that the customers are provided with real-time insights, the retailers can maintain a strong relationship with their customers. This is possible only if the retailers have the best cloud services with multi-cloud management solutions and services, for delivering immediate services to the customers, globally.

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Asia Pacific (APAC) has been considered as the fastest-growing region in offering multi-cloud management solutions and services, due to the increasing adoption of cloud technologies and growing data generation in the region. The vast and diverse locations, and the increasing customer expectations and competition are the 2 major factors, which are said to be leading to intense operational complexities for enterprises in the region. These complexities have led enterprises to invest in standardized multi-cloud management solutions that can adapt to the changing competitive landscape with minimum customizations.

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