PUBLISHER: Allied Market Research | PRODUCT CODE: 1239585
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239585
Multi-cloud networking can be defined as software that enables the design, deployment, and operation of a network within multiple cloud environments, to enable consistent networking policy, network security, governance and network visibility across multiple cloud environments via a single point of management.
Factors such as increase in adoption of multi-cloud networking solutions and services and rise in demand for data recovery along with contingency planning are driving the multi-cloud networking market growth during the forecast period. Moreover, increase in adoption of cloud computing and rise in internet penetration boost the growth of the market. However, concerns associated with data security and privacy protection and lack of technical expertise in multi-cloud networking are restraining the market growth. On the contrary, surge in demand for cloud-based networking solutions and rise in number of SMEs are projected to provide major lucrative opportunities for the growth of the multi-cloud networking market.
The multi-cloud networking market is segmented on the basis of component, deployment mode, enterprise size, and industry vertical. By component, it is segmented into solution and services. On the basis of deployment mode, the market is segmented into private cloud and public cloud. By enterprise size, it is bifurcated into larger enterprise and small & medium enterprise. By industry vertical, it is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, manufacturing, media & entertainment, energy & utilities, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the multi-cloud networking market such as Akamai Technologies, Cisco Systems, Inc., Citrix Systems, Inc., Cloudflare, Inc., F5, Inc., Hewlett Packard Enterprise Development LP, Juniper Networks, Inc., Nutanix, Oracle, and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the multi-cloud networking market share.