Report : Asia Pacific Multi-Cloud Management Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Software and Service), Deployment (Public Cloud and Private Cloud), Application (Infrastructure and Resource Management, Identity and Policy Management, Compliance Management, Metering and Billing, and Provisioning and Lifecycle Management), and Verticals (IT and Telecom, BFSI, Government, Retail and Consumer Goods, Travel and Hospitality, Healthcare and Life Science, and Others)     

At 29.2% CAGR, the Asia Pacific Multi-Cloud Management Market is speculated to be worth US$ 8,363.11 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific multi-cloud management market was valued at US$ 1,795.94 million in 2022 and is expected to reach US$ 8,363.11 million by 2028, registering a CAGR of 29.2% from 2022 to 2028. Growing Popularity of Hybrid Cloud and increase in data generation and rise in bring your own device (BYOD) and choose your own device (CYOD) trends are the critical factors attributed to the Asia Pacific multi-cloud management market expansion.     

According to most big data experts, the amount of data created would increase dramatically during the forecast period. Seagate’s Data Age 2025 report estimates that the amount of data generated globally will reach 175 zettabytes by 2025. The massive rise in people working from home, studying, and spending time at home is responsible for the expansion of data. Since data-driven business models will be widely used in the future, companies’ main goal will be to secure this data. Storage, computation, and analysis of the generated data will require a large storage space, which can be fulfilled by deploying the data on the cloud. Therefore, the transition by the companies to store data from an on-premises server to the cloud infrastructure will open profitable opportunities for the providers of multi-cloud management systems. Furthermore, the introduction of new platforms, bring your own device (BYOD) and choose your own device (CYOD) trends, business apps, and other technologies would make the IT infrastructure more complex and heterogeneous. Owing to the quick advancements in mobile computing, the BYOD and CYOD trends are spreading throughout business settings. Hence, employees may now access organizational data via mobile devices anytime, increasing employee productivity and ensuring that organizational data is secured and kept confidential. Thus, surge in increase in data generation and rise in bring your own device (BYOD) and choose your own device (CYOD) trends are boosting the the Asia Pacific multi-cloud management market.

On the contrary, security concerns regarding adoption of multi-cloud solutions hurdles the growth of Asia Pacific multi-cloud management market.

Based on component, the Asia Pacific multi-cloud management market is bifurcated into software and service. The software segment held 69.7% market share in 2022, amassing US$ 1,252.19 million. It is projected to garner US$ 5,955.11 million by 2028 to expand at 29.7% CAGR during 2022–2028.

Based on deployment, the Asia Pacific multi-cloud management market is bifurcated into public cloud and private cloud. The public cloud segment held 67.7% market share in 2022, amassing US$ 1,215.32 million. It is projected to garner US$ 5,430.97 million by 2028 to expand at 28.3% CAGR during 2022–2028. 

Based on application, the Asia Pacific multi-cloud management market is segmented into infrastructure and resource management, identity and policy management, compliance management, metering and billing, and provisioning and lifecycle management. The infrastructure segment held 44.7% market share in 2022, amassing US$ 803.26 million. It is projected to garner US$ 3,831.55 million by 2028 to expand at 29.7% CAGR during 2022–2028.   

Based on verticals, the Asia Pacific multi-cloud management market is segmented into IT and telecom, BFSI, government, retail and consumer goods, travel and hospitality, healthcare and life science, and others. The BFSI segment held 33.5% market share in 2022, amassing US$ 601.82 million. It is projected to garner US$ 2,960.08 million by 2028 to expand at 30.4% CAGR during 2022–2028.

Based on country, the Asia Pacific multi-cloud management market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.3% market share in 2022. It was assessed at US$ 597.73 million in 2022 and is likely to hit US$ 3,192.49 million by 2028, exhibiting a CAGR of 32.2% during the forecast period.

Key players dominating the Asia Pacific multi-cloud management market are BMC Software, Inc.; CISCO, INC.; IBM Corporation; VMware, Inc.; Micro Focus; UnityOneCloud; and Dynatrace LLC; among others.

  • In 2022, BMC announced that the company has entered in a multi-year agreement to provide its BMC Helix service and operations management solutions to Google Cloud.

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