Multi Cloud Management Market by Application & Service Type - 202 Multi-Cloud Management Market

Multi-Cloud Management Market worth 3,431.2 Million USD by 2021

The report "Multi-Cloud Management Market by Application (Provisioning, Metering
and Billing), Service Type (Cloud Automation, Compliance Management), Platform,
Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast
to 2021", The multi-cloud management market size is expected to grow from USD 939.3
Million in 2016 to USD 3,431.2 Million by 2021, at a Compound Annual Growth Rate
(CAGR) of 29.6% during the forecast period. The major drivers of this market include need
for avoidance of vendor lock-ins, increased agility & automation, and achieving the right
level of governance.

Browse 69 market data Tables and 52 Figures spread through 151 Pages and in-depth
TOC on "Multi-Cloud Management Market by Application (Provisioning, Metering
and Billing), Service Type (Cloud Automation, Compliance Management), Platform,
Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast
to 2021"
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Cloud automation is expected to be the most promising service during the forecast
period
On the basis of service type, cloud automation is projected to grow at the highest CAGR
during the forecast period. Cloud automation is considerably important and enterprises are
using this service to accelerate the deployment of application-based services across different
cloud delivery platforms and traditional IT infrastructure. The service orchestrates the
provisioning and deployment of complex IT services and offers rapid deployment, increased
staff efficiency, reduced cost of maintenance, and improved responsiveness to end users.
The BFSI industry is expected to hold the major market size during the forecast period
BFSI commands the major share of the multi-cloud management industry vertical market.
The BFSI industry is concerned about data security and privacy issues, and hence this
industry vertical is greatly benefitted by the security features through security tools that come
with multi-cloud services and solutions.
Presently, North America contributes the maximum market share in the multi-cloud
management market
North America is expected to hold the largest market share and dominate the multi-cloud
management market in 2016, due to the larger internet penetration rate and quick shift from
isolated infrastructure to cloud in the region. APAC is expected to grow at the highest rate
during this forecast period. Furthermore, APAC is expected to be another revenue generating