Multi-Cloud Management Market

Multi-Cloud Management Market Analysis By Type (Multi-Cloud Security & Risk Management, Training & Consulting, Reporting & Analytics, Automation, Managed Services) By Enterprise, By End-Use and By Region – Global Market Insights 2022 to 2032

Analysis of Multi-Cloud Management market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Multi-Cloud Management Market Outlook (2022-2032)

The global multi-cloud management market was estimated at US$ 6.5 Billion in 2021, and is expected to reach US$ 9 Billion in 2022. Furthermore, the market is predicted to increase at a CAGR of 23.6% from 2022 to 2032.

Over the projected period, the industry's growth will be driven by an increasing emphasis on automation, efficiency, and effective organizational governance procedures.

Report Attributes


Anticipated Base Year Value (2021)

US$ 6.5 Billion

Expected Current Market Value (2022)

US$ 9 Billion

Projected Forecast Value (2032)

US$ 75 Billion

Global Growth Rate (2022-2032)

23.6% CAGR

Growth Rate of U.S. (2022-2032)

22% CAGR

Key Multi-Cloud Management Providers

  • BMC Software, Inc.
  • Citrix Systems, Inc.
  • CloudBolt Software, Inc.
  • CoreStack
  • Dell Technologies, Inc.
  • Flexera Software LLC
  • International Business Machines Corp.
  • Jamcracker Inc.
  • Microsoft Corp.
  • VMware Inc.

Enterprises are increasingly pursuing multi-cloud management solutions in order to provide more efficient and dependable services at reduced costs across several platforms while avoiding vendor lock-in. The increasing variety of cloud computing technologies, as well as the growing acceptance of containerization and micro-services for cloud-native applications, bode well for market expansion.

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2017-2021 Multi-Cloud Management Demand Analysis vs. Forecast 2022-2032

According to market research and competitive intelligence provider Fact.MR- the market for multi cloud management is forecasted to a value CAGR worth 21%. The growing popularity of BYOD trends is expected to promote the expansion of the multi cloud management market.

With increased industrial competitiveness, businesses are focusing more on improved company efficiency. They are also planning work-from-home, bring-your-own-device, and other flexible work rules to boost staff efficiency. BYOD and other linked gadgets are currently on the verge of altering company procedures.

Major vendors are concentrating on sophisticated and integrated multi-cloud management solutions. For example, VMware will provide cross cloud services for multi-cloud management in October 2021. These services aid in offering digital cloud enterprises in a more timely and intelligent manner.

They are made up of five fundamental building components that assist satisfy corporate demands: a cutting-edge platform, cloud infrastructure, cloud management, security, networking, and a digital workforce. Owing to all these factors, the market is expected to grow at a CAGR of 23.6% over the assessment period from 2022 to 2032.

Prominent Multi-Cloud Management Market Drivers

Emphasis to be prominent on Lock-In Elimination, stimulating Uptake

Fear of vendor lock-in is frequently highlighted as a key barrier to cloud service adoption. End-users may now move between suppliers and lessen their reliance on a single vendor thanks to multi-cloud management.

This relative autonomy encourages end users to bargain with providers for better pricing, Service-Level Agreements (SLAs), or both. Moreover, multi-cloud management provides flexibility in data deployment by allowing end users to migrate their workload to other clouds as needed.

Furthermore, for maximal independence, end-users can employ multi-cloud management tools to manage complex applications across several heterogeneous cloud platforms. As a result, multi-cloud management removes vendor lock-in and allows for smooth movement from one provider to another.

Opportunity for ISVs and SaaS providers to transform boosting Growth

Most on-premises suppliers are migrating to the cloud deployment paradigm in order to decrease IT expenses and provide cloud-based products and services. To remain competitive, ISVs are transitioning from software developers to software providers through the use of virtualization and cloud computing. This gives end customers a wonderful chance to select cloud services from several CSPs based on their needs.

Service customization and flexibility are enticing more clients to utilize cloud services on a wider scale. Service providers are increasingly attempting to enter the multi-cloud management industry by adopting, managing, and providing support for numerous cloud solutions at the same time.

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Key Challenges hindering Multi-Cloud Management

Application Portability across Several Cloud Environments may Restrain Uptake

On a single platform, cloud service brokers handle cloud resources from numerous CSPs. It helps enterprises to more efficiently administer and manage multi-cloud services, saving time and money on planning and provisioning.

The capacity to deploy and de-provision public cloud services, on the other hand, does not enable application portability, which may be described as the ability of programmes to operate on multiple cloud environments without modifying the cloud's configuration information. This allows businesses to concentrate on their primary business operations, as all resources are grouped on a centralised platform, rather than worrying about diverse platforms and their varied peculiarities.

While transferring workloads from one cloud environment to another, cloud brokers may encounter limits. Workloads are thus bound inside a single public cloud provider once they are designed for or transferred to it. Moving workloads/applications from location to location in search of the greatest performance and cost reductions becomes a key impediment to Cloud Services Brokerage (CSB) technology.

Country-wise Analysis

How will the U.S perform in the Global Market for Multi-Cloud Management?

Increasing IoT as well as Linked Device Adoption Propelling Growth

As per Fact.MR’s analysis, the United States led the worldwide industry in 2021, accounting for 35% of total sales. The cloud services business in United States is quickly evolving from isolated cloud solutions to platforms that include onsite, public, and private IaaS.

The ongoing expansion of wireless connection, as well as the rising usage of connected and IoT-enabled devices, has increased demand for new solutions based on cutting-edge technology. As a result, industry participants are investing extensively in cutting-edge technology in order to acquire a competitive advantage over their competitors. The rising need for efficient computing frameworks bodes well for the market's expansion in United States, with a stellar CAGR of 22% over the forecast period.

Will Germany be the Kingpin of the Multi-Cloud Management Landscape across Europe?

Presence of Diverse Multi-Cloud Architectural Areas have to aid Market Expansion

Germany was transpiring the second-largest country. Aside from a healthy economy, Germany is recognized for its solid network infrastructure, which often supports cloud service adoption. Workload transfer to the cloud is looming, particularly in Germany, as part of attempts to reduce the costs associated with fixed capacity infrastructure and to utilize cloud-native services to build out a highly scalable infrastructure utilizing the cloud.

Several multi-cloud architectural regions are also driving multi-cloud management solution adoption in Germany. Owing to all these factors the market is anticipated to grow at a CAGR of 21% over the projected period.

Category-wise Analysis

By End-Use, which Category of Multi-Cloud Management will dominate?

Increasing Digitalization in the Financial Industry to Influence Market Growth

According to Fact.MR’s estimates, the BFSI segment is expected to account for over 25% of worldwide revenue in 2022. The BFSI segment is anticipated to grow at a CAGR of 23% during the projected period. Banking institutions choose cloud-based installations to improve operational efficiency and provide rapid customer service. BFSI firms often desire multi-cloud systems so that the other cloud may take over if one cloud fails.

Cloud solutions are being offered by vendors to financial institutions in order to safeguard their settings and workloads and assure regulatory compliance. Temenos, for example, teamed with International Business Machines Corp. in September 2021 to promote hybrid cloud adoption in the BFSI business.

Temenos announced the launch of 'Temenos Transact next-generation core banking' on IBM Cloud with Red Hat OpenShift. The alliance aimed to increase the former company's footprint in the multi-cloud market for the BFSI business.

The company's industry-leading encryption services and a policy framework particularly built to handle financial services regulatory workloads with proactive and automated security are leveraged in the public cloud platform. Sector companies offering multi-cloud management are cooperating with BFSI industry incumbents to introduce new products.

To solve the complexity involved with processing massive amounts of data while avoiding vendor lock-in, incumbents in the BFSI industry are combining both public and private cloud platforms in their workflows and adopting multi-cloud management solutions. For example, International Business Machines Corp. signed a new arrangement with CaixaBank in Spain in September 2021.

CaixaBank will launch its CloudNow project, which will use IBM Cloud for Financial Services to modernize business core applications, increase productivity, and strengthen CaixaBank's distinct vision of financial services by boosting availability and robustness.

Which Enterprise Segment is expected to abound for the Multi-Cloud Management Industry?

Multi-Cloud Management to be deployed mostly across Large Enterprises

According to Fact.MR, large enterprises will likely account for bulk of multi-cloud management use, expanding at a 22% CAGR. In 2022, the large enterprise category is slated to account for more than 58% of total sales. A multi-cloud approach enables organizations to select from a variety of cloud services and select those that best meet their individual needs. ML capabilities of multi-cloud systems might potentially facilitate big data transfers, creating substantial business demand for multi-cloud management solutions.

Multi-cloud adoption gives organizations with alternatives to relying on the infrastructure, add-on services, and price offered by a single cloud provider. Furthermore, businesses can choose a cloud provider with data centers near their clients to minimize latency and boost performance metrics. Multi-cloud enables enterprises to use a variety of cloud technologies for a wide range of applications.

Large enterprises can strategically split their heavy workloads over many computer infrastructures using a multi-cloud approach. A strategy like this can help save money, inspire innovation, improve catastrophe management, assure company continuity, and boost efficiency.

Multi-cloud techniques bring IT resources closer to clients, resulting in reduced latency and dropouts. As the number of cloud providers grows and the IT environment becomes more complicated, competition in the global market heats up, driving businesses to utilize cutting-edge technology to maintain their industry position and develop further.

How are Start-Ups altering the Multi-Cloud Management Landscape?

As the technology landscape continues experiencing disruptions, organizations across major industries are ensuring that they keep pace with major developments. As businesses experience exponential growth, reliance on cloud-based operations as well as efficient cloud platforms management solutions are becoming commonplace. Here some prominent multi-cloud management start-ups which are taking the market by storm:

  • Upbound
  • Virtana
  • CloudCheckr
  • CoreStack
  • Flexera
  • RightScale
  • DivvyCloud
  • SignalFx
  • Stacklet
  • Env0

Aforementioned start-ups are reliant on a broad range of expansion strategies, including forging collaborations with established multi-cloud management service providers as well as introducing their own version of multi-cloud management platforms.

  • Upbound offers its range of Internal Cloud Platforms, which enable customers to build, deploy, manage, secure, and consume their very own Internal Cloud Platforms on top of their cloud and on-premises infrastructure already in use. With Upbound, platform teams define custom interfaces like APIs, consoles, and CLIs for developers using the platform to deploy their apps to production.
  • Virtana is another prominent face in the multi-cloud management landscape. The company offers a range of cloud based products and services for such key end use verticals as retail, government, financial services and healthcare. In April 2022, the company announced a new partnership with cloudEQ to help enhance channel momentum and ability to deliver on Financial Operations (FinOps) capabilities through strategic partnerships.

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Competitive Landscape: Introducing New Software & Solutions, Upgrading existing Product Offering key Growth Differentiators

Mergers and acquisitions, as well as strategic alliances, are proving to be the most successful methods for industry participants to acquire speedy entry to new markets. Some of the key companies in the worldwide multi-cloud management market are as follows:

  • In April 2022, Alibaba Cloud teamed with VMware to provide new Alibaba Cloud VMware services in China. This launch has expedited business digital transformation. It allowed businesses to upgrade and transfer apps, as well as shift workloads across VMware and Alibaba's multi-cloud management environments.
  • In February 2021, VMware, Inc. upgraded its VMware vRealize Cloud Management on-premises and Software-as-a-Service (SaaS) solutions. Customers' hybrid and multi-cloud infrastructures will be more efficient, secure, and updated as a result of the enhancements.
  • In September 2021, VMware, Inc. purchased a firm recognized for integrating physically different service underlays into coherent networks that incorporate cloud-scale and adaptability with assured QoS and SLAs. The purchase bolstered VMware's portfolio of technology and talents as it continues to supply VMware Telco Cloud Platform to communications service providers throughout the world. Product diversification and enhancements are also expected to be important corporate expansion and growth tactics.
  • In May 2022, CoreStack and Ingram Micro Cloud partnered to deliver next generation solutions for FinOps and Cloud Governance. The CoreStack solutions include CloudOps for cloud management and acceleration, FinOps for cloud cost management (FinOps) and SecOps for cloud security posture management.

Report Scope

Report Attribute


Growth Rate

CAGR of 23.6% from 2022 to 2032

Market Value in 2021

US$ 6.5 Billion

Market Value in 2022

US$ 9 Billion

Market Value in 2032

US$ 75 Billion

Base Year for Estimation


Historical Data


Forecast Period


Quantitative Units

USD Million for Value

Report Coverage

  • Revenue Forecast
  • Volume Forecast
  • Company Ranking
  • Competitive Landscape
  • Growth Factors
  • Trends
  • Pricing Analysis

Segments Covered

  • Type
  • Enterprise
  • End-Use
  • Region

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Mexico
  • Brazil
  • Germany
  • France
  • Italy
  • Spain
  • U.K
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa

Key Companies Profiled

  • BMC Software, Inc.
  • Citrix Systems, Inc.
  • CloudBolt Software, Inc.
  • CoreStack
  • Dell Technologies, Inc.
  • Flexera Software LLC
  • International Business Machines Corp.
  • Jamcracker Inc.
  • Microsoft Corp.
  • VMware Inc.

Report Customization & Pricing

Available upon Request

Key Segments Covered in the Multi-Cloud Management Market Report

  • By Type :

    • Multi-Cloud Security & Risk Management
    • Multi-Cloud Training & Consulting
    • Multi-Cloud Reporting & Analytics
    • Multi-Cloud Automation
    • Managed Multi-Cloud Services
    • Other Multi-Cloud Management Types
  • By Enterprise :

    • Small & Medium Enterprises (SME)
    • Large Enterprises
  • By End Use :

    • BFSI
    • IT & Telecom
    • Consumer Goods & Retail
    • Manufacturing
    • Healthcare
    • Media & Entertainment
    • Government
    • Other End Uses
  • By Region :

    • North America
    • Europe 
    • Asia Pacific 
    • Latin America 
    • Middle East & Africa 

- FAQs -

What is the expected market valuation for multi-cloud management in 2021?

According to Fact.MR, the multi-cloud management market was valued at US$ 6.5 Billion in 2021.

At what rate did the multi-cloud management market flourish from 2015-2021?

From 2015-2021, multi-cloud management industry growth flourished at a 21% CAGR.

By 2022, what is the anticipated valuation of the market for multi-cloud management?

By 2022-end, multi-cloud management deployment will likely acquire a value of US$ 9 Billion.

At what trajectory will the multi-cloud management industry flourish from 2022-2032?

A 23.6% CAGR is projected for the multi-cloud management industry from 2022-2032.

At what market value will multi-cloud management industry demand close in 2032?

Fact.MR foresees the multi-cloud management market value to reach US$ 75 Billion by 2032.

By deployment, which segment will accrue maximum gains during the forecast period?

The BFSI segment is anticipated to grow at a CAGR of 23% during the projected period.

Which enterprise segment will account for maximum usage of multi-cloud management?

According to Fact.MR, large enterprises will likely account for bulk of multi-cloud management use, expanding at a 22% CAGR.

What is the expected growth outlook for the market across the U.S?

In the U.S, multi-cloud management uptake is poised to flourish at a 22% CAGR.

Multi-Cloud Management Market