Multi-Cloud Management Market

The multi-cloud management market 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%, owing to the existing market offerings and the increasing focus on pricing and promotions.

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. In September 2017, BMC Software launched a BMC discovery solution with enhanced multi-cloud capabilities to provide greater visibility into the multi-cloud environments. The new capabilities include scale discovery and dependency mapping of assets for both on-premises and cloud. Furthermore, in July 2017, BMC Software launched a cloud-based service, known as BMC Digital Workplace. It focuses on providing increased integration and digitalized workplace for the IT and various other departments.

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. In July 2017, DoubleHorn announced the release of BetterClouds on the Amazon Web Services marketplace. Amazon Web Services announced that it would provide the underwriting for developing the BetterClouds solution. Amazon Web Services enables DoubleHorn to meet the ever-changing customer demands, with the benefit of providing complete elasticity. Moreover, in October 2015, DoubleHorn announced its partnership with NaviSite, to offer customers more enhanced cloud services in the market. DoubleHorn’s customers can easily access NaviSite’s cloud services to gain a better experience. DoubleHorn is believed to be working on enhancing its partner networks to offer robust cloud solutions to its customers.

The multi-cloud management market research report analyzes the global adoption trends, future growth potentials, key drivers, vendor portfolio analysis, restraints, and the opportunities in the market.

Related Reports:

Multi-Cloud Management Market by Platform, Application (Metering & Billing, Infrastructure & Resource Management), Service Type (Cloud Automation, Migration & Integration), Deployment Model, Vertical, and Region - Global Forecast to 2022

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