US Multi-Cloud Management Market Forecast to 2028 – COVID-19 Impact and Country 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 & Telecom, BFSI, Government, Retail & Consumer Goods, Travel & Hospitality, Healthcare & Life Science, and Others)
Market Introduction
Multi-cloud management includes tools and procedures that allow businesses to monitor and safeguard workloads and applications across multiple public and private clouds. Multi-cloud management solutions and services enable IT teams to manage clouds from a single interface and support multiple cloud providers, such as Azure and AWS, and cutting-edge tools, such as Kubernetes. Containers and Kubernetes are significant technologies for enabling multi-cloud management.
Containers make it simpler for developers to create apps that can be deployed on any cloud, as containers combine apps with their dependencies and necessary services in a lightweight package. Kubernetes enables efficient management, deployment, and automation of those containers. The lesson's reliance on a single cloud vendor allows the business to maximize cloud utilization and expenses and take advantage of the relative strengths of each cloud provider.
Market Overview and Dynamics
The US multi-cloud management market size is expected to grow from US$ 2,411.5 million in 2022 to US$ 10,741.1 million by 2028. Us multi-cloud management market size is expected to grow at a CAGR of 28.3% from 2022 to 2028.
Most companies worldwide accept cloud services as a feasible IT deployment model. The highly popular rationale for cloud adoption continues to be the flexibility and data security of the cloud as a delivery platform. Several businesses have migrated to one or more cloud services, influencing others to use the cloud to gain a competitive benefit. Clouds now represent a credible deployment model within an organization's IT strategy. Satisfaction remains high, and two-thirds of end users utilizing a cloud service today expect to increase their footmarks in the next year. According to Data Center Dynamics, more than 50% of the total market share in the global public cloud services is of Amazon, Microsoft, and Google. Cloud service providers can enhance their global footprint while maintaining innovation and commercial leadership.
Several investments in cloud technologies are as follows:
In September 2021, the cloud deployment service Qovery raised US$4 million in funding. The company intends to support the Google Cloud Platform as well.
In September 2021, RunX raised US$4.1 million to make cloud infrastructure deployment easier for developers.
Thus, the upsurge in investment in cloud-based technologies is expected to fuel the multi-cloud management market growth over the forecast period.
Key Multi-Cloud Management Market Segments
The multi-cloud management market is segmented by component, deployment, application, and verticals. US multi-cloud management market analysis by component, the market is segmented into solution and service. The solution segment led the multi-cloud management market with a larger multi-cloud management market share in 2021. In terms of deployment, the market is bifurcated into public cloud and private cloud. The public cloud segment led the market with a larger market share in 2021. US multi-cloud management market analysis by application, the 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 and resource management segment led the multi-cloud management market with the largest multi-cloud management market share in 2021.
Based on verticals, the multi-cloud management market is segmented into IT & Telecom, BFSI, government, retail & consumer goods, travel & hospitality, healthcare & life science, and others. In 2021, the BFSI led the multi-cloud management market. Banking groups choose cloud-primarily based installations to decorate operational performance and establish purchaser service. BFSI corporations commonly decide upon multi-cloud environments so that the alternative cloud can take over in the case of a failure of 1 cloud. Vendors are imparting cloud solutions for monetary establishments to steady their settings and workloads and ensure regulatory compliance. For instance, in September 2021, Temenos collaborated with International Business Machines Corporation to boost hybrid cloud adoption within the BFSI enterprise. Temenos introduced the supply of 'Temenos Transact next-era center banking' with Red Hat OpenShift on IBM Cloud. The collaboration should increase the BFSI enterprise's multi-cloud marketplace and the previous company's presence within the multi-cloud marketplace. The public cloud platform leverages the company's enterprise-main encryption offerings and a coverage shape explicitly designed to serve monetary offerings and regulatory workloads with proactive and automatic security.
Major Sources and Companies Listed
some key primary and secondary sources referred to while preparing the report on the US Multi-Cloud Management market are company websites, annual reports, financial reports, national government documents, and statistical databases. A few leading companies listed in the market report are BMC Software, Inc.; Cisco Systems, Inc.; Flexera; International Business Machines Corporation; Micro Focus International plc; Zerto Ltd.; VMware, Inc.; Snow Software, Inc.; UnityOneCloud; and Dynatrace, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
4. US Multi-Cloud Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. US Multi-Cloud Management Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Need to Avoid Vendor Lock-in
5.1.2 Rise in Demand for Disaster Recovery Solutions
5.2 Market Restraints
5.2.1 Concerns Regarding Security
5.3 Market Opportunities
5.3.1 Growing Popularity of Hybrid Cloud
5.3.2 Increase in Data Generation and Rise in Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) Trends
5.4 Future Trends
5.4.1 Acceptance of Cloud Solutions as Mainstream IT Deployment Option
5.5 Impact Analysis of Drivers and Restraints
6. US Multi-Cloud Management Market Overview
6.1 Market Overview
6.2 US Multi-Cloud Management Market Forecast and Analysis
6.3 Market Positioning –Key Players
6.4 Positioning Map–Multi-Cloud Management Market
7. Multi-Cloud Management Market Analysis – By Component
7.1 Overview
7.2 US Multi-Cloud Management Market Breakdown, By Component, 2021 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. Multi-Cloud Management Market Analysis – By Deployment
8.1 Overview
8.2 US Multi-Cloud Management Market Breakdown, By Deployment, 2021 & 2028
8.3 Public Cloud
8.3.1 Overview
8.3.2 Public Cloud Market Revenue and Forecast to 2028 (US$ Million)
8.4 Private Cloud
8.4.1 Overview
8.4.2 Private Cloud Market Revenue and Forecast to 2028 (US$ Million)
9. Multi-Cloud Management Market Analysis – By Application
9.1 Overview
9.2 US Multi-Cloud Management Market Breakdown, By Application, 2021 & 2028
9.3 Infrastructure and Resource Management
9.3.1 Overview
9.3.2 Infrastructure and Resource Management Market Forecast and Analysis
9.4 Identity and Policy Management
9.4.1 Overview
9.4.2 Identity and Policy Management Market Forecast and Analysis
9.5 Compliance Management
9.5.1 Overview
9.5.2 Compliance Management Market Forecast and Analysis
9.6 Metering and Billing
9.6.1 Overview
9.6.2 Metering and Billing Market Forecast and Analysis
9.7 Provisioning and Lifecycle Management
9.7.1 Overview
9.7.2 Provisioning and Lifecycle Management Market Forecast and Analysis
10. Multi-Cloud Management Market Analysis – By Verticals
10.1 Overview
10.2 US Multi-Cloud Management Market Breakdown, By Verticals, 2021 & 2028
10.3 IT and Telecom
10.3.1 Overview
10.3.2 IT and Telecom Market Forecast and Analysis
10.4 BFSI
10.4.1 Overview
10.4.2 BFSI Market Forecast and Analysis
10.5 Government
10.5.1 Overview
10.5.2 Government Market Forecast and Analysis
10.6 Retail and Consumer Goods
10.6.1 Overview
10.6.2 Retail and Consumer Goods Market Forecast and Analysis
10.7 Travel and Hospitality
10.7.1 Overview
10.7.2 Travel and Hospitality Market Forecast and Analysis
10.8 Healthcare and Life Science
10.8.1 Overview
10.8.2 Healthcare and Life Science Market Forecast and Analysis
10.9 Others
10.9.1 Overview
10.9.2 Others Market Forecast and Analysis
11. Impact of COVID-19 Pandemic on Multi-Cloud Management Market
11.1 US
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Mergers and Acquisition
12.4 New Product Development
13. Company Profiles
13.1 BMC Software, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CISCO, INC.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 IBM Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 VMware, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Micro Focus
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Snow Software
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 UnityOneCloud
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Dynatrace LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Flexera
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Zerto Ltd. (HPE)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. US Multi-Cloud Management Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Glossary of Term: Multi-Cloud Management Market
LIST OF FIGURES
Figure 1. Multi-Cloud Management Market Segmentation
Figure 2. US Multi-Cloud Management Market Overview
Figure 3. US Multi-Cloud Management Market, by Component
Figure 4. US Multi-Cloud Management Market, by Deployment
Figure 5. US Multi-Cloud Management Market, by Application
Figure 6. US Multi-Cloud Management Market, by Verticals
Figure 7. US: PEST Analysis
Figure 8. Multi-Cloud Management Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. US Multi-Cloud Management Market: Impact Analysis of Drivers and Restraints
Figure 11. US Multi-Cloud Management Market Forecast and Analysis, (US$ Mn)
Figure 12. US Multi-Cloud Management Market, Positioning Map
Figure 13. US Multi-Cloud Management Market Breakdown, By Component (2021 and 2028)
Figure 14. Software Market Revenue and Forecast to 2028(US$ Million)
Figure 15. Service Market Revenue and Forecast to 2028(US$ Million)
Figure 16. US Multi-Cloud Management Market Breakdown, By Deployment (2021 and 2028)
Figure 17. Public Cloud Market Revenue and Forecast to 2028(US$ Million)
Figure 18. Private Cloud Market Revenue and Forecast to 2028(US$ Million)
Figure 19. US Multi-Cloud Management Market Breakdown, By Application, 2021 & 2028 (%)
Figure 20. Infrastructure and Resource Management Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Identity and Policy Management Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Compliance Management Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Metering and Billing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Provisioning and Lifecycle Management Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. US Multi-Cloud Management Market Breakdown, By Verticals, 2021 & 2028 (%)
Figure 26. IT and Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Government Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Retail and Consumer Goods Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Travel and Hospitality Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Healthcare and Life Science Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in the US Country Markets
- BMC Software, Inc.
- Cisco Systems, Inc.
- Flexera
- International Business Machines Corporation
- Micro Focus International plc
- Zerto Ltd.
- VMware, Inc.
- Snow Software, Inc.
- UnityOneCloud
- Dynatrace, Inc.
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