Multi-Cloud Management Market Size By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, SME), By Application (Cloud Automation, Reporting & Analytics, Migration & Integration, Training & Consulting, Mon

Multi-Cloud Management Market Size By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, SME), By Application (Cloud Automation, Reporting & Analytics, Migration & Integration, Training & Consulting, Monitoring & Access Management, Data Security & Risk Management), By End-user (Hospitality, IT & Telecom, Consumer Goods, Education, Healthcare & Life Sciences, BFSI, Media & Entertainment, Government, Retail), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

Multi cloud management market share is projected to witness a remunerative growth trend over 2022 and 2030, fueled by the proliferating digitization of numerous industry verticals. Additionally, the consequent rise in the penetration of cloud computing across these sectors would augment industry expansion.

The COVID-19 pandemic has played a major role in fostering the market outlook as the national lockdowns and social distancing measures accelerated the rate of digitalization for numerous enterprises around the globe. According to Eurostat, 41% of the European enterprises used cloud computing in 2021 for storage of files and e-mails.

The overall multi-cloud management market is categorized into different segments on the basis of deployment model, organization size, application, end-user, and regional landscape.

On the basis of applications, the multi-cloud management market is divided into cloud automation, migration and integration, reporting and analysis, monitoring and access management, training and consulting, and data security and risk management.

Out of these, the industry is poised to record massive gains from the reporting and analysis segment. As per the industry analysis, the segment is poised to depict a CAGR of 25.4% through the forecast time period. The growth can be attributed to the rising use of multi-cloud data analytics and performance reporting across various enterprises.

The training and consulting segment accounted for a industry share of 9.54% in 2021 and is likely to grow at an unprecedented pace through the forthcoming years. This growth is supported by the elevating demand for training and consulting services to address cloud complexity.

Multi-cloud management market share from the data security and risk management segment held an overall market share of 16.59% in 2021. The segmental expansion would be complemented by the rising use of multi-cloud platforms for optimum cloud security as well as data protection across enterprises.

In terms of end-user, the industry is bifurcated into IT and telecom, hospitality, BFSI, consumer goods, education, healthcare and life sciences, government, retail, and others.

The hospitality segment accounted for a revenue share of 4.1% in 2021, credited to the rising adoption of multi-cloud platforms for generating real-time analytics.

Meanwhile, the consumer goods segment would grow at a CAGR of 28.5% over the analysis timeline, driven by the growing deployment of continuous integration/continuous deployment (CI/CD) in IIoT and as well as Industry 4.0.

The adoption of multi-cloud management services is also rising across the education sector, subject to the escalating use of no-code and low-code platforms across several e-learning and online education applications. As per the report, the segment is likely to grow at a pace of 29.7% through the analysis period.

The healthcare & life sciences segment held a market share of more than 12.9% in 2021, owing to the increasing use of hybrid cloud for advanced EHR data analytics and remote patient diagnosis technologies.

The government end-user segment held an industry share of 6.32% back in 2021. The segment growth is coming from the rising use of cloud technology to decrease the costs associated with IT in the public sector.

The retail end-user segment held an industry share of 10.61% in 2021, owing to the increasing use of multi-cloud platforms for improving patch management in E-commerce.

From the regional perspective, the Latin America multi-cloud management market would grow at a CAGR of 28.8% over the projected time period. This can be backed by the elevated adoption of application development tools among regional enterprises to reduce IT expenses.

On the other hand, the Middle East and Africa region would expand progressively in the ensuing years given the elevating use of cloud-based technologies and services for expediting the software delivery. According to the report, the regional market would expand at a CAGR of 25.1% through 2030.