DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The "Multi Cloud Management - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Multi Cloud Management Market accounted for $937.8 million in 2016 and is expected to reach $5,331.27 million by 2023 growing at a CAGR of 28.2% during the forecast period.

Increased agility & automation, avoidance of vendor lock-in and requirement for high level of governance and policy are some of the factors favouring the market growth. However, lack of data security and dearth of expertise are major challenges in the market. The major opportunities in the market include significant growth in hybrid cloud adoption and high acceptance rate in SMES.

By using multi-cloud management solutions, enterprises are advancing latest and better ways of attractive operational benefits, while also reducing the costs. The prevention of vendor lock-ins, improved dexterity and automation, and the requirement for high-level governance and policies are expected to drive the demand for the multi-cloud management solutions. Based on deployment model, public cloud segment is anticipated to hold the largest market share during the forecast period.

In terms of geography, the global Multi Cloud Management market is dominated by North America region owing to technical advancements, rising internet penetration rate and rapid move from isolated infrastructure to cloud in the region. Moreover, APAC is expected to grow at the highest CAGR during the forecast period.

Segments Covered

Service Types

Training and Consulting Support and Maintenance Reporting and Analytics Monitoring and Access Management Cloud Automation Data Security and Risk Management Migration and Integration Other Service Types

Applications

Compliance Management Identity and Policy Management Infrastructure and Resource Management Lifecycle Management Metering and Billing Provisioning Other Applications

Platforms

Internal Enablement External Enablement

End Users

Media and Entertainment Healthcare and Life Sciences Government and Public Sector Telecommunications and ITes Retail and Consumer Goods Banking, Financial Services, and Insurance Travel and Hospitality Other End Users

Deployment Models

Private Cloud Public Cloud Hybrid Cloud

Organization Sizes

Small and Medium Enterprise (SME) Large Enterprise

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Multi Cloud Management Market, By Service Type

6 Global Multi Cloud Management Market, By Application

7 Global Multi Cloud Management Market, By Platform

8 Global Multi Cloud Management Market, By End User

9 Global Multi Cloud Management Market, By Deployment Model

10 Global Multi Cloud Management Market, By Organization Size

11 Global Multi Cloud Management Market, By Geography

12 Key Developments

13 Company Profiling

Centurylink VMware Inc RightScale, Inc. Doublehorn BMC Software CliQr Technologies, Inc. Jamcracker, Inc. Dell Technologies, Inc. Cloudyn Accenture PLC Citrix IBM Sixsq Turbonomic Cloudmore Rackspace Hosting, Inc. Ecmanaged Sl Never Fail LLC

For more information about this report visit https://www.researchandmarkets.com/research/lmr987/multi_cloud?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180613005549/en/

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Related Topics:Cloud Computing and Storage

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/13/2018 07:57 AM/DISC: 06/13/2018 07:57 AM

http://www.businesswire.com/news/home/20180613005549/en