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Multi-cloud Architecture Market

Multi-Cloud Architecture Market

Size, Share, Competitive Landscape and Trend Analysis Report by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), by Organizational Size (Small Medium Enterprise, Large Enterprise) and by Industry Vertical (IT Telecom, BFSI, Manufacturing, Mobile Entertainment, Government Public Sector, Travel Hospitality, Media Entertainment, Healthcare Life Science, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Multi-Cloud Architecture Market Statistics: 2027

Organizations are looking forward to take advantage of flexibility and benefitsprovided by cloud to use best cloud services. A multi-cloud strategy is defined as the use of two or more cloud computing services. Multi-cloud deployment can refer to any implementation of multiple software-as-a-service or platform-as-a-service cloud offerings. Moreover, userscan run apps primarily on digital platforms but are completely replicated and backed up on cloud.

A multi-cloudcomprises public, private, and hybrid clouds to achieve end goals of enterprises. Often, multi-cloudis confused with hybrid cloud. It is different from a hybrid cloud since a hybrid cloud is an infrastructure while multi-cloud is a strategy.

Multi-Cloud Architecture Market

COVID-19 scenario Analysis:

1.Due to theCOVID-19 pandemic outbreak,millions of people have started to work form their home. In this crisis, cloud companies have becomethe backbone of a corporate sectorand witnessed exponential rise in adoption of cloud architecture services. Work from home concept can only be successful with the help of cloud applications.

2. Companies have continued to expand cloud services during the pandemic.  Before the pandemic, numberof organizations such as Microsoft’s cloud service, Azure, and Amazon Web Services started to shift their services to cloud platform and provide cloud data base to customers,which increased demand for cloud services in global multi-cloud architecture market.

3.In this crisis, secure cloud architectures have become essential part for enterprises, governments, municipalities, small businesses, schools, and home users. Organizations believe that with widespread availability of internet and large bandwidth, conglomerates keep connected on cloud. Cloud adoption has ensured dynamic allocation of resources during the spike in network

4. There are some sectors, such as online media, entertainment, and gaming, which are likely to pose steep growth in their compute and networking needs during the COVID-19 lockdownand cloud service providers will optimize these demands.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Factors such as growth in need for automation and agility and avoidance of vendor lock-insdrives the multi-cloud architecture market formulti-cloud architecture globally. However, lack of skilled professionals, complex migration process,and privacy& security issues hindergrowth of the market.  Furthermore, shifting focus of businesses on software-as-a-service and growth in adoption of cloud architecture in small scale organizations create opportunitiesfor themulti-cloud architecture market globally.

Growth in need for automation and agility

Multi-cloud architecture provides high level of automation in data storage and data transfer with better agility that drives the market. It is also used in obtaining higher governance and policies that boost the market formulti-cloud architectures globally.

Complex migration process

The major challenge of small and medium enterprisesis the migration process as it needs experiencedworkforce while moving from hybrid to multi-cloud environment. In addition, high cost involved in adoption of migration from traditional to cloud environment hinders adoption of multi-cloud architecture.

Key benefits of the report:

  • This study presents the analytical depiction of the global multi-cloud architecture market along with the current trends and future estimations to determine the imminent investment pockets.
  • share.multi-cloud architecture market The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global
  • scenario.multi-cloud architecturemarketgrowthThe current market is quantitatively analyzed to highlight the global
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides detailedmulti-cloud architecturemarket analysis based on competitive intensity and how the competition will take shape in coming years.

Multi-Cloud Architecture Market Report Highlights

Aspects Details
By Deployment Model
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
By Organizational Size
  • Small & Medium Enterprise
  • Large Enterprise
By Industry Vertical
  • IT & Telecom
  • BFSI
  • Manufacturing
  • Mobile & Entertainment
  • Government &Public Sector
  • Travel & Hospitality
  • Media & Entertainment
  • Healthcare & Life Science
  • Others
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players CA Technologies, BAE system corp., General Dynamic Corp., Lockheed Martin Corp., Boeing Corp., IBM Corp., Intel Corp., Raytheon Company, Cisco Systems Corp., DXC technology Ltd.

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