PUBLISHER: The Business Research Company | PRODUCT CODE: 1848944
PUBLISHER: The Business Research Company | PRODUCT CODE: 1848944
Multi-cloud management involves overseeing and optimizing a deployment that utilizes multiple public cloud services from different providers. This approach facilitates the utilization of various cloud platforms and tools, allowing IT teams to effectively handle multiple clouds through a unified interface.
The primary solutions for multi-cloud management encompass security and risk management, training and consulting, reporting and analytics, cloud automation, managed services, and other relevant options. Security and risk management are critical concepts closely tied to safeguarding an organization's assets, including information, personnel, and physical infrastructure. Various deployment models, such as public cloud, hybrid cloud, and private cloud, can be implemented for both small and medium enterprises as well as large enterprises. End users span across sectors such as banking, financial services, and insurance providers (BFSI), IT and telecom, consumer goods and retail, manufacturing, healthcare, media and entertainment, government, and other industries.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The multi-cloud management market research report is one of a series of new reports from The Business Research Company that provides multi-cloud management market statistics, including multi-cloud management industry global market size, regional shares, competitors with multi-cloud management market share, detailed multi-cloud management market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-cloud management industry. This multi-cloud management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The multi-cloud management market size has grown exponentially in recent years. It will grow from $12.39 billion in 2024 to $15.86 billion in 2025 at a compound annual growth rate (CAGR) of 28.1%. The growth in the historic period can be attributed to growing cloud adoption, complexity of multi-cloud environments, security concerns, cost optimization needs, operational efficiency demands.
The multi-cloud management market size is expected to see exponential growth in the next few years. It will grow to $40.35 billion in 2029 at a compound annual growth rate (CAGR) of 26.3%. The growth in the forecast period can be attributed to advanced security requirements, focus on cost governance, increased complexity of multi-cloud environments, hybrid cloud expansion, regulatory compliance challenges. Major trends in the forecast period include rapid technological advancements, increased adoption of multi-cloud strategies, rising importance of interoperability, focus on cost optimization, automation for efficient management.
The forecast of 26.3% growth over the next five years reflects a slight reduction of 0.2% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariff pressures may indirectly impact multi-cloud management in the U.S. as elevated costs of cross-border data center infrastructure and APIs challenge integration efficiency. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The expansion of IoT-linked devices is poised to drive the growth of the multi-cloud management market in the future. These devices, which are nonstandard computing devices connecting wirelessly to a network and transmitting data, benefit from multi-cloud management. It facilitates efficient handling of the vast data generated by IoT-linked devices across various cloud platforms. Additionally, it empowers organizations to avoid dependence on a single cloud provider, thereby enhancing flexibility and reducing costs. As an illustration, in November 2022, a report by Ericsson, a Sweden-based telecommunication company, revealed that broadband IoT (4G/5G) connections, which link the majority of cellular IoT devices, reached 1.3 billion connections in 2022. Nearly 60% of cellular IoT connections are expected to be broadband IoT connections by the end of 2028, with the bulk relying on 4G. Consequently, the growing prevalence of IoT-linked devices is steering the multi-cloud management market's growth.
The ongoing trend of digitization is anticipated to propel the multi-cloud management market's expansion. Digitization involves the conversion of analog information from non-digital sources, such as physical papers, photographs, and sound recordings, into digital data. Multi-cloud management plays a crucial role in optimizing resource allocation, enhancing data redundancy, improving scalability, and ensuring high availability across multiple cloud platforms in the context of digitization. This leads to increased operational efficiency and a reduced risk of downtime or data loss. For instance, data from Augusta Free Press, a US-based news service company, indicated that global digital transformation spending in December 2022 was approximately $1.85 trillion, marking a 16% increase from the previous year. Consequently, the escalating trend of digitization is a key driver behind the growth of the multi-cloud management market.
The lack of security is serving as a restraint on the growth of the multi-cloud management market. Concerns regarding insufficient security measures act as a limiting factor, impeding the widespread adoption of multi-cloud management solutions. Organizations are prioritizing robust security to protect sensitive data across diverse cloud platforms. For example, as indicated in the 2023 Data Breach Report by the US-based technology company International Business Machines Corporation, the global average cost of a data breach in 2023 amounted to USD 4.45 million, reflecting a 15% increase over a three-year period. Notably, 82% of these breaches involved data stored in the cloud, underscoring the necessity for solutions that offer visibility across hybrid environments and ensure the protection of data as it traverses clouds, databases, apps, and services. As a result, the lack of security is impeding the growth of the multi-cloud management market.
Leading companies in the multi-cloud management market are actively innovating by introducing products such as the multi-hybrid cloud to assist enterprises in their digital transformation journey. A multi-hybrid cloud is a computing environment that integrates and manages multiple hybrid cloud deployments. For example, in April 2023, Cognizant, a US-based information technology company, launched the Cognizant Skygrade, a multi-hybrid cloud and edge management platform. This platform is designed to facilitate enterprises in transitioning to modern cloud-native architectures and streamlining cloud management operations. Offering seamless integration and operation across various multi-cloud environments, Cognizant Skygrade addresses the complete lifecycle of cloud transformation, combining AIOps (Artificial Intelligence for IT Operations), operations, and infrastructure modernization expertise into a comprehensive solution for digital transformation leaders.
In May 2024, International Business Machines Corporation (IBM), a US-based technology company, acquired HashiCorp Inc. for $6.4 billion. The goal of this acquisition is to establish a comprehensive end-to-end hybrid cloud platform by integrating HashiCorp's infrastructure lifecycle management tools with IBM's existing capabilities. HashiCorp Inc. is a US-based provider of multi-cloud management solutions.
Major companies operating in the multi-cloud management market report are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corp., Cisco Systems Inc., Oracle Corporation, Flexera Software LLC, Infosys Limited, Lumen Technologies Inc., VMware Inc., NetApp Inc., Citrix Systems Inc., Rackspace Technology Inc., CloudBolt Software Inc., BMC Software Inc., Snow Software AB, DivvyCloud Corporation, Trianz Holdings Pvt. Ltd., Virtana Corp., AppDirect Inc., Jamcracker Inc., Cloudenablers Inc., Stacklet Inc., RightScale Inc., CloudCheckr Inc., Turbonomic Inc., EnvZero Inc., Upbound, DoubleHorn LLC, Embotics Corporation
North America was the largest region in the multi-cloud management market in 2024. The regions covered in the multi-cloud management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multi-cloud management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Multi-Cloud Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on multi-cloud management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multi-cloud management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The multi-cloud management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.