The global demand for Multi-Cloud Networking Market is presumed to reach the market size of nearly USD 13.13 MN by 2028 from USD 3 MN in 2021 with a CAGR of 23.5% under the study period 2022 - 2028.
Multi-cloud networking is basically using cloud services from multiple providers, including public cloud providers, as well as specialized platforms such as a service, infrastructure as a service etc. It simplifies the configuration of different native cloud resources, including virtual networks in Azure and GCP. It provides consistent networking policy, network security and visibility through a single point of management. Multi-cloud networking gets more traction among large enterprises compared to SMEs. It helps in improving the business's operational efficiency.
Market Dynamics
The gradual rise in agility and automation paradigm is the key factor driving the demand for the multi-cloud networking market. An increasing number of organizations and enterprises using multi-cloud resources are surging the demand for multi-cloud networking in the market. In addition, the rising deployment of CPSs, IaaS, and SaaS, including enterprise capital management and customer relationship management etc., are expected to boost the growth of this market. Lower storage costs and higher return on investment, even with minimal infrastructure, propel the demand for this market. Furthermore, management and control connectivity among multiple enterprise networks are surging the demand for this market. Hybrid clouds and enhanced capabilities propel new workload to multi cloud networks, thus expanding the demand for the multi cloud networking market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of multi-cloud networking. The growth and trends of multi-cloud networking industry provide a holistic approach to this study.
Market Segmentation
This section of the multi-cloud networking market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Deployment Type
- Public Cloud
- Private Cloud
By Organization Size
By Solutions
- Multi-Cloud Management [Cloud Operations (Monitoring), Security]
- Other Solutions
By Services
- Training And Support
- Integration And Implementation
- Consulting
By Vertical
- IT & ITeS
- Banking, Financial Services, And Insurance
- Retail & Ecommerce
- Healthcare & Life Sciences
- Transportation & Logistics
- Manufacturing
- Media & Entertainment
- Energy & Utilities
- Other Verticals
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Multi-Cloud Networking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Multi-Cloud Networking Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the multi-cloud networking market include VMware (US), Oracle (US), F5 (US), HPE (US), Cisco (US), Nutanix (US), CloudFlare (US), Juniper (US), Citrix (US), Versa networks (US), Illumio (US), Akamai (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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