This Multi-Cloud Optimization Tools market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The multi-cloud optimization tools market size has grown rapidly in recent years. It will grow from $13.77 billion in 2023 to $16.26 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth during the historic period can be attributed to the rise in total data usage, the expansion of diverse cloud ecosystems, high adoption of hybrid and multi-cloud computing, the implementation of effective infrastructure and resource management practices, and the increasing complexity and governance challenges.
The multi-cloud optimization tools market size is expected to see rapid growth in the next few years. It will grow to $31.92 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth during the forecast period can be attributed to the increasing adoption of cloud computing by small and medium-sized businesses (SMBs), a rise in information and communications technology (ICT) spending, a growing emphasis on enhancing cloud platform interoperability, the adoption of multi-cloud strategies, and the need for greater cost efficiency and optimization. Major trends in the forecast period include technological advancements, the integration of the Internet of Things (IoT), the incorporation of data analytics tools, artificial intelligence (AI) and machine learning (ML) integration, and innovations in cloud technology.
The increasing adoption of cloud computing by small and medium-sized businesses (SMBs) is expected to drive the growth of the multi-cloud optimization tools market. Cloud computing solutions involve software applications, services, or resources hosted and delivered over the Internet from remote servers managed by third-party providers. SMBs are adopting cloud computing due to factors such as enhanced security and compliance, remote access to applications, and highly redundant, resilient infrastructure. Multi-cloud optimization tools help businesses leverage the benefits of a multi-cloud strategy, such as cost savings, performance enhancements, and operational efficiency, while mitigating risks related to security, compliance, and vendor lock-in. For example, in December 2023, the European Union reported a 4.2% increase in cloud-based solution adoption, with 45.2% of enterprises using cloud computing services, a significant rise from 2021. Hence, the growing adoption of cloud computing by SMBs is fueling the expansion of the multi-cloud optimization tools market.
Major companies in the multi-cloud optimization tools market are focusing on creating advanced solutions, such as Software as a Service (SaaS)-based multi-cloud management platforms, to more effectively manage, optimize, and monitor their multi-cloud environments. These platforms aim to enhance performance, security, and compliance. SaaS-based multi-cloud management involves using a web-based platform or software provided by a third party to handle resources, services, and applications across multiple cloud environments. For example, in April 2022, VMware LLC, a US-based cloud computing company, launched VMware vRealize Cloud Management Services in India. This service expansion enables organizations to manage applications, infrastructure, and platform services across various cloud environments with greater agility and efficiency. VMware also supports compliance with performance standards and data residency laws by offering local data hosting and reducing latency, which is essential for businesses in regulated industries.
In August 2023, International Business Machines Corporation (IBM), a US-based technology company, acquired Apptio Inc. for an undisclosed amount. This acquisition allows IBM to enhance its enterprise solutions portfolio by incorporating Apptio's multi-cloud optimization tools, thus offering clients improved capabilities for managing and optimizing their IT investments. Apptio Inc., also based in the US, specializes in multi-cloud optimization solutions.
Major companies operating in the multi-cloud optimization tools market are Amazon.com Inc., Microsoft Corporation, Dell Technologies Inc., Accenture PLC, International Business Machines (IBM) Corporation, Cisco Ltd., Lumen Technologies Inc., VMware Inc., Citrix Systems Inc., Rackspace Technology Inc., BMC Software Inc., Navisite LLC, Flexera Software LLC, Snow Software AB, CloudBolt Software Inc., Densify, CoreStack Inc., JamCracker Inc., UnityOneCloud, DoubleHorn LLC.
North America was the largest region in the multi-cloud optimization tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud optimization tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multi-cloud optimization tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Multi-cloud optimization tools are software solutions designed to manage, monitor, and optimize cloud services across multiple cloud platforms. These tools help organizations maximize efficiency, reduce costs, ensure compliance, and maintain performance across their cloud environments. Multi-cloud optimization tools are essential for businesses that leverage multiple cloud providers, helping them avoid vendor lock-in, optimize resource use, and ensure a seamless multi-cloud strategy.
The main types of multi-cloud optimization tools are platforms and services. A platform refers to the underlying technology or infrastructure that supports applications and services in a multi-cloud environment. These are deployed through various deployment modes such as public, private, and hybrid. These are used by various organization sizes such as small and medium enterprises (SMEs), and large enterprises.
The multi-cloud optimization tools market research report is one of a series of new reports that provides multi-cloud optimization tools market statistics, including multi-cloud optimization tools industry global market size, regional shares, competitors with a multi-cloud optimization tools market share, detailed multi-cloud optimization tools market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-cloud optimization tools industry. This multi-cloud optimization tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The multi-cloud optimization tools market consists of revenues earned by entities by providing services such as vendor management, data management, and performance management. The market value includes the value of related goods sold by the service provider or included within the service offering. The multi-cloud optimization tools market also includes sales of cost management tools, workload automation tools, and container management tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The multi-cloud optimization tools market size has grown rapidly in recent years. It will grow from $13.77 billion in 2023 to $16.26 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth during the historic period can be attributed to the rise in total data usage, the expansion of diverse cloud ecosystems, high adoption of hybrid and multi-cloud computing, the implementation of effective infrastructure and resource management practices, and the increasing complexity and governance challenges.
The multi-cloud optimization tools market size is expected to see rapid growth in the next few years. It will grow to $31.92 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth during the forecast period can be attributed to the increasing adoption of cloud computing by small and medium-sized businesses (SMBs), a rise in information and communications technology (ICT) spending, a growing emphasis on enhancing cloud platform interoperability, the adoption of multi-cloud strategies, and the need for greater cost efficiency and optimization. Major trends in the forecast period include technological advancements, the integration of the Internet of Things (IoT), the incorporation of data analytics tools, artificial intelligence (AI) and machine learning (ML) integration, and innovations in cloud technology.
The increasing adoption of cloud computing by small and medium-sized businesses (SMBs) is expected to drive the growth of the multi-cloud optimization tools market. Cloud computing solutions involve software applications, services, or resources hosted and delivered over the Internet from remote servers managed by third-party providers. SMBs are adopting cloud computing due to factors such as enhanced security and compliance, remote access to applications, and highly redundant, resilient infrastructure. Multi-cloud optimization tools help businesses leverage the benefits of a multi-cloud strategy, such as cost savings, performance enhancements, and operational efficiency, while mitigating risks related to security, compliance, and vendor lock-in. For example, in December 2023, the European Union reported a 4.2% increase in cloud-based solution adoption, with 45.2% of enterprises using cloud computing services, a significant rise from 2021. Hence, the growing adoption of cloud computing by SMBs is fueling the expansion of the multi-cloud optimization tools market.
Major companies in the multi-cloud optimization tools market are focusing on creating advanced solutions, such as Software as a Service (SaaS)-based multi-cloud management platforms, to more effectively manage, optimize, and monitor their multi-cloud environments. These platforms aim to enhance performance, security, and compliance. SaaS-based multi-cloud management involves using a web-based platform or software provided by a third party to handle resources, services, and applications across multiple cloud environments. For example, in April 2022, VMware LLC, a US-based cloud computing company, launched VMware vRealize Cloud Management Services in India. This service expansion enables organizations to manage applications, infrastructure, and platform services across various cloud environments with greater agility and efficiency. VMware also supports compliance with performance standards and data residency laws by offering local data hosting and reducing latency, which is essential for businesses in regulated industries.
In August 2023, International Business Machines Corporation (IBM), a US-based technology company, acquired Apptio Inc. for an undisclosed amount. This acquisition allows IBM to enhance its enterprise solutions portfolio by incorporating Apptio's multi-cloud optimization tools, thus offering clients improved capabilities for managing and optimizing their IT investments. Apptio Inc., also based in the US, specializes in multi-cloud optimization solutions.
Major companies operating in the multi-cloud optimization tools market are Amazon.com Inc., Microsoft Corporation, Dell Technologies Inc., Accenture PLC, International Business Machines (IBM) Corporation, Cisco Ltd., Lumen Technologies Inc., VMware Inc., Citrix Systems Inc., Rackspace Technology Inc., BMC Software Inc., Navisite LLC, Flexera Software LLC, Snow Software AB, CloudBolt Software Inc., Densify, CoreStack Inc., JamCracker Inc., UnityOneCloud, DoubleHorn LLC.
North America was the largest region in the multi-cloud optimization tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud optimization tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multi-cloud optimization tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Multi-cloud optimization tools are software solutions designed to manage, monitor, and optimize cloud services across multiple cloud platforms. These tools help organizations maximize efficiency, reduce costs, ensure compliance, and maintain performance across their cloud environments. Multi-cloud optimization tools are essential for businesses that leverage multiple cloud providers, helping them avoid vendor lock-in, optimize resource use, and ensure a seamless multi-cloud strategy.
The main types of multi-cloud optimization tools are platforms and services. A platform refers to the underlying technology or infrastructure that supports applications and services in a multi-cloud environment. These are deployed through various deployment modes such as public, private, and hybrid. These are used by various organization sizes such as small and medium enterprises (SMEs), and large enterprises.
The multi-cloud optimization tools market research report is one of a series of new reports that provides multi-cloud optimization tools market statistics, including multi-cloud optimization tools industry global market size, regional shares, competitors with a multi-cloud optimization tools market share, detailed multi-cloud optimization tools market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-cloud optimization tools industry. This multi-cloud optimization tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The multi-cloud optimization tools market consists of revenues earned by entities by providing services such as vendor management, data management, and performance management. The market value includes the value of related goods sold by the service provider or included within the service offering. The multi-cloud optimization tools market also includes sales of cost management tools, workload automation tools, and container management tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Multi-Cloud Optimization Tools Market Characteristics3. Multi-Cloud Optimization Tools Market Trends and Strategies32. Global Multi-Cloud Optimization Tools Market Competitive Benchmarking33. Global Multi-Cloud Optimization Tools Market Competitive Dashboard34. Key Mergers and Acquisitions in the Multi-Cloud Optimization Tools Market
4. Multi-Cloud Optimization Tools Market - Macro Economic Scenario
5. Global Multi-Cloud Optimization Tools Market Size and Growth
6. Multi-Cloud Optimization Tools Market Segmentation
7. Multi-Cloud Optimization Tools Market Regional and Country Analysis
8. Asia-Pacific Multi-Cloud Optimization Tools Market
9. China Multi-Cloud Optimization Tools Market
10. India Multi-Cloud Optimization Tools Market
11. Japan Multi-Cloud Optimization Tools Market
12. Australia Multi-Cloud Optimization Tools Market
13. Indonesia Multi-Cloud Optimization Tools Market
14. South Korea Multi-Cloud Optimization Tools Market
15. Western Europe Multi-Cloud Optimization Tools Market
16. UK Multi-Cloud Optimization Tools Market
17. Germany Multi-Cloud Optimization Tools Market
18. France Multi-Cloud Optimization Tools Market
19. Italy Multi-Cloud Optimization Tools Market
20. Spain Multi-Cloud Optimization Tools Market
21. Eastern Europe Multi-Cloud Optimization Tools Market
22. Russia Multi-Cloud Optimization Tools Market
23. North America Multi-Cloud Optimization Tools Market
24. USA Multi-Cloud Optimization Tools Market
25. Canada Multi-Cloud Optimization Tools Market
26. South America Multi-Cloud Optimization Tools Market
27. Brazil Multi-Cloud Optimization Tools Market
28. Middle East Multi-Cloud Optimization Tools Market
29. Africa Multi-Cloud Optimization Tools Market
30. Multi-Cloud Optimization Tools Market Competitive Landscape and Company Profiles
31. Multi-Cloud Optimization Tools Market Other Major and Innovative Companies
35. Multi-Cloud Optimization Tools Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Multi-Cloud Optimization Tools Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on multi-cloud optimization tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for multi-cloud optimization tools? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The multi-cloud optimization tools market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Platform; Services2) By Deployment: Public; Private; Hybrid
3) By Organization Size: Small And Medium Enterprises (SMEs); Large Enterprises
Key Companies Mentioned: Amazon.com Inc.; Microsoft Corporation; Dell Technologies Inc.; Accenture PLC; International Business Machines (IBM) Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Multi-Cloud Optimization Tools market report include:- Amazon.com Inc.
- Microsoft Corporation
- Dell Technologies Inc.
- Accenture PLC
- International Business Machines (IBM) Corporation
- Cisco Ltd.
- Lumen Technologies Inc.
- VMware Inc.
- Citrix Systems Inc.
- Rackspace Technology Inc.
- BMC Software Inc.
- Navisite LLC
- Flexera Software LLC
- Snow Software AB
- CloudBolt Software Inc.
- Densify
- CoreStack Inc.
- JamCracker Inc.
- UnityOneCloud
- DoubleHorn LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 16.26 Billion |
| Forecasted Market Value ( USD | $ 31.92 Billion |
| Compound Annual Growth Rate | 18.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
