Key Market Players in the Multi-Cloud Management Market and Its Opportunities for growth

Posted on 2019-10-25 by MarketsandMarkets in Technology // 0 Comments

The global Multi-Cloud Management Market size is expected to grow from USD 1,169.5 Million in 2017 to USD 4,492.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period, as per a report by MarketsandMarkets.

The demand for the multi-cloud management market is said to be driven by many factors, such as the avoidance of vendor lock-ins, increased agility and automation, and the need for a high-level of governance and policies. With the increase in the adoption rate of cloud computing among enterprises, the multi-cloud management market is expected to gain a major traction during the forecast period.

How significant growth in hybrid cloud adoption is an opportunity?

Key trends that are expected to manifest themselves in the hybrid cloud include demand for integrated DevOps, higher adoption of OpenStack solutions, and increased emphasis on operational governance and security management. In addition, the hybrid cloud deployment model helps organizations in efficiently transferring their workloads from on-premises and different cloud environments to a unified platform. It is important for the companies to implement hybrid cloud to enjoy the flexibility of switching between clouds, and have the required economies of scale to gain a competitive edge over other companies. Due to the significant growth in the adoption of hybrid cloud, it is also expected that the enterprises would soon adopt the multi-cloud management platform.

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Key Market Players for Multi-Cloud Management Market

The major players in the multi-cloud management market are BMC Software (US), VMware (US), DoubleHorn (US), Dell Technologies (US), Accenture (Ireland), and IBM (US). These players have adopted various growth strategies, such as expansions, acquisitions, partnerships, joint ventures and collaborations, and new product launches. Partnerships and new product launches are the 2 major strategies often adopted by these players to achieve a strong foothold in the multi-cloud management market.

BMC Software offers robust multi-cloud management solutions, including Innovation Suite, SecOps Response Service, TrueSight, Remedy OnDemand, cloud lifecycle management, BMC Digital Workplace, Control-M, and Discovery for multi-cloud. In the recent years, the company has been focusing more on adopting different business strategies to offer innovative services to customers, in turn enhancing their experience.

DoubleHorn offers an innovative and unified multi-cloud management platform, known as BetterClouds, with enhanced features, such as optimized costs, customization, usage control, monitoring, aggregated billing, analytics, support, and security. BetterClouds enables organizations to meet the emerging technology needs by efficiently managing the cloud solutions through multiple cloud service providers. Thus, it becomes evident that in the recent years, the company has undertaken various partnerships to expand the service offerings and customer base, as well as, provides innovative offerings to customers.

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