The global multi-cloud management market is expected
to have a rapid expansion during the forecast period (from 2017 to 2022). Multi-cloud
management involves usage of multiple cloud computing services that manage different
private, public, or hybrid cloud platforms and all the user resources, thereby
optimizing data management. This allows end users to concentrate on running the
application with all other resources managed in one place. This service is like
using best-of-breed apps from many developers on a PC, instead of defaults provided
by the operating system (OS) vendor.
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The multi-cloud management solutions and services
are expected to witness high demand on account of the growing penetration of
cloud computing and associated technologies, such as big data, serverless
architecture, and Internet of Things (IoT). On the other hand, factors such as
the lack of expertise and security along with complexities in re-designing network
are likely to hinder the market expansion during the next few years. However,
factors such as rising demand for automation and agility, avoidance of vendor
lock-ins, and the need for an advanced and effective governance process and
other policies in various organizations are expected to augment the demand for
multi-cloud management over the forecast period.
The global multi-cloud management market is
categorized as per type, region, and application or end user. Based on type,
the market is trifurcated into cloud automation, migration and integration. Cloud
automation is a cloud management service offered by the vendors to
organizations for automating the cloud service management. Based on application,
the market is bifurcated into infrastructure & resource management and
metering & billing.
Based on region, the multi-cloud management market is
divided into Europe, United States, Japan, China, India, and Southeast Asia.
The US regional market is projected to account for a significant share of
global market in near future. This growth can be attributed to factors such as availability
of proficient technical expertise, highly developed IT infrastructure,
regulation standards, and strong presence of a large number of enterprises.
The Southeast Asia region is also anticipated to
witness rapid growth as a result of rising awareness about the use of this
technology over cloud computing. Rising adoption of cloud-based services and
solutions along with emerging technologies like IoT and Big Data are expected
to be the key driving factors for regional growth.
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Some of the prominent companies operating in the worldwide
multi-cloud management market include Jamcracker, Inc.;
Accenture PLC; BMC Software, Inc.; Dell Technologies, Inc.; and CliQr
Technologies, Inc. New product development has been the key strategy followed
by most companies in the market to sustain the strong competition. For
instance, VMware, Inc. recently launched an advanced, comprehensive multi-cloud
management platform called vRealize Suite 2017. The new platform is designed to
help its users to deploy, operate, and manage app services and IT
infrastructure across public and private clouds. The new suite incorporates the
latest releases of vRealize Automation, Business for Cloud, Log Insight, and Operations.
It also features new lifecycle management abilities to support data center
modernization and cloud integration efforts of users.
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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