Multi Cloud Networking Market
Multi-Cloud Networking Market Forecasts to 2030 - Global Analysis By Component (Solutions and Services), Enterprise Size, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Multi-Cloud Networking Market is accounted for $3.4 billion in 2023 and is expected to reach $15.6 billion by 2030 growing at a CAGR of 24.5% during the forecast period. Multi-cloud networking involves connecting and managing resources across multiple cloud environments, like AWS, Azure, and Google Cloud. It encompasses strategies, technologies, and protocols to ensure seamless communication, data exchange, and workload distribution among diverse cloud platforms. Key components include virtual private networks (VPNs), software-defined networking (SDN), and application programming interfaces (APIs) for efficient orchestration and security. By leveraging multi-cloud networking, organizations gain flexibility, scalability, and redundancy, reducing reliance on a single provider and optimizing performance while mitigating risks associated with vendor lock-in and downtime.
Market Dynamics:
Driver:
Rise of multi-cloud adoption
As more businesses adopt multi-cloud strategies, there is a growing demand for networking solutions that can seamlessly connect, manage, and optimize communication between disparate cloud environments. This encourages networking vendors to innovate and develop advanced solutions tailored for multi-cloud architectures. Managing networking across multiple cloud platforms introduces complexities in configuration, security, and performance optimization. As a result, there is a heightened need for sophisticated networking tools and platforms that offer centralized management, visibility, and control over multi-cloud environments driving the growth of the market.
Restraint:
Integration and management complexity
The complexity of integrating and managing networking solutions across multiple cloud platforms can act as a barrier to adoption for organizations. They may hesitate to embrace multi-cloud networking due to concerns about the technical challenges and resource requirements associated with managing complex infrastructures. This can lead to increased costs for organizations adopting multi-cloud networking solutions, impacting their willingness to invest in such technologies. Moreover, organizations may struggle to maintain consistent security policies and compliance across multiple cloud platforms, exposing them to potential risks hampering the growth of the market.
Opportunity:
Demand for network visibility and control
The need for comprehensive visibility and control prompts the development of advanced multi-cloud networking solutions. Providers focus on integrating features such as centralized management consoles, real-time monitoring, and analytics tools to provide organizations with enhanced visibility into their multi-cloud environments. Thus, providers that can deliver comprehensive solutions with intuitive interfaces, granular control options, and actionable insights gain a competitive edge in the market.
Threat:
Lack of standardization
Without standardized protocols and interfaces, interoperability between different cloud platforms becomes challenging. Organizations may find it difficult to migrate workloads between cloud providers or switch networking solutions without facing compatibility issues or significant migration efforts. Thus, without standardized frameworks for interoperability and integration, vendors may face difficulties in developing new solutions and expanding their offerings, leading to a less dynamic market ecosystem.
Covid-19 Impact
The pandemic prompted a rapid shift to remote work and digital transformation, driving increased demand for cloud services. Organizations relied on multi-cloud networking to support remote collaboration, ensure business continuity, and scale their digital infrastructure to meet changing demands. Disruptions in the supply chain and global logistics impacted cloud infrastructure deployment and expansion. Despite these challenges, the pandemic accelerated the adoption of cloud-based networking solutions as organizations sought to overcome limitations posed by traditional on-premises infrastructure.
The virtual private network (VPN) segment is expected to be the largest during the forecast period
The virtual private network (VPN) segment is estimated to have a lucrative growth, owing to virtual private network (VPN) which provides secure, encrypted connections over public networks, ensuring confidentiality and integrity of data transmitted between cloud environments. Virtual private network streamline network management in multi-cloud environments by providing a unified, secure communication channel between different cloud platforms. This simplifies configuration, monitoring, and troubleshooting tasks, reducing operational overhead and enhancing overall efficiency.
The cloud migration & management segment is expected to have the highest CAGR during the forecast period
The cloud migration & management segment is anticipated to witness the highest CAGR growth during the forecast period, growing need for networking solutions that can seamlessly connect and manage these workloads across multiple cloud environments. This drives the demand for multi-cloud networking solutions that offer features such as secure connectivity, traffic optimization, and centralized management. Further multi-cloud networking solutions offer security features such as encryption, access controls, and threat detection to ensure data privacy and regulatory compliance across diverse cloud environments.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to many countries in the Asia Pacific region that are undergoing rapid digital transformation across various industries. As businesses migrate workloads to the cloud, there is a corresponding need for robust networking solutions to facilitate interconnection between different cloud platforms and data centers. Moreover governments and enterprises in the APAC region are investing heavily in expanding digital infrastructure to support economic growth and innovation boosts the growth of the market in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to enterprises across various industries in this region have embraced multi-cloud strategies to leverage the strengths of different cloud providers and optimize their IT infrastructure for agility, scalability, and cost-effectiveness. Further these companies continuously develop new technologies, such as software-defined networking (SDN), network virtualization, and cloud-native architectures, to address the evolving needs of businesses operating in multi-cloud environments which encourage the market.
Key players in the market
Some of the key players in the Multi-Cloud Networking Market include Akamai technologies, Alkira, Amazon Web Services, Inc., Aviatrix, Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., Equinix, Inc., F5 Inc., Google LLC, Hewlett Packard Enterprise Development LP, Juniper Networks, Inc, Microsoft Corporation, Nutanix, Oracle, Prosimo, Versa Networks, Inc., VMware Inc. and Volterra
Key Developments:
In March 2024, Akamai and Neural Magic Partner to Accelerate Deep Learning AI. The combined solution gives enterprises a high-performing platform to run deep learning AI software efficiently on CPU-based servers.
In January 2024, Akamai Unveils New Capabilities in App & API Protector to Strengthen and Simplify Security Defenses, The enhanced Layer 7 DDoS protections now precisely detect and mitigate short DDoS attack bursts and use client reputation scores for improved rate limiting.
In January 2024, BBVA and Cisco Strengthen its Strategic Partnership to Accelerate Digital Transformation and Foster Innovation, The agreement gives BBVA access to Cisco’s full software portfolio, world-class technology and Customer Experience (CX) services, supporting the bank’s digitization journey.
Components Covered:
• Solutions
• Services
Enterprise Sizes Covered:
• Small & Medium Enterprise
• Large Enterprise
Technologies Covered:
• Virtual Private Network (VPN)
• Software-Defined Networking (SDN)
• Network Function Virtualization (NFV)
• Hybrid Cloud Connectivity
• APIs & Orchestration Tools
• Other Technologies
Applications Covered:
• Content Delivery Networks (CDNs)
• Cloud Migration & Management
• Security & Compliance
• Internet of Things (IoT)
• High-Performance Computing (HPC)
• Disaster Recovery & Business Continuity
• Other Applications
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Consumer Goods & Retail
• Government
• Healthcare
• Telecommunications
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Multi-Cloud Networking Market, By Component
5.1 Introduction
5.2 Solutions
5.2.1 Multi-Cloud Networking Platforms
5.2.2 Cloud Gateways
5.2.3 Software-Defined WAN (SD-WAN)
5.2.4 Virtual Network Appliances (VNAs)
5.3 Services
5.3.1 Management services
5.3.2 Consulting services
5.3.3 Integration services
5.3.4 Support services
6 Global Multi-Cloud Networking Market, By Enterprise Size
6.1 Introduction
6.2 Small & Medium Enterprise
6.3 Large Enterprise
7 Global Multi-Cloud Networking Market, By Technology
7.1 Introduction
7.2 Virtual Private Network (VPN)
7.3 Software-Defined Networking (SDN)
7.4 Network Function Virtualization (NFV)
7.5 Hybrid Cloud Connectivity
7.6 APIs & Orchestration Tools
7.7 Other Technologies
8 Global Multi-Cloud Networking Market, By Application
8.1 Introduction
8.2 Content Delivery Networks (CDNs)
8.3 Cloud Migration & Management
8.4 Security & Compliance
8.5 Internet of Things (IoT)
8.6 High-Performance Computing (HPC)
8.7 Disaster Recovery & Business Continuity
8.8 Other Applications
9 Global Multi-Cloud Networking Market, By End User
9.1 Introduction
9.2 Banking, Financial Services and Insurance (BFSI)
9.3 Consumer Goods & Retail
9.4 Government
9.5 Healthcare
9.6 Telecommunications
9.7 Other End Users
10 Global Multi-Cloud Networking Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Akamai technologies
12.2 Alkira
12.3 Amazon Web Services, Inc.
12.4 Aviatrix
12.5 Cisco Systems Inc.
12.6 Citrix Systems Inc.
12.7 Cloudflare Inc.
12.8 Equinix, Inc.
12.9 F5 Inc.
12.10 Google LLC
12.11 Hewlett Packard Enterprise Development LP
12.12 Juniper Networks, Inc
12.13 Microsoft Corporation
12.14 Nutanix
12.15 Oracle
12.16 Prosimo
12.17 Versa Networks, Inc.
12.18 VMware Inc.
12.19 Volterra
List of Tables
1 Global Multi-Cloud Networking Market Outlook, By Region (2021-2030) ($MN)
2 Global Multi-Cloud Networking Market Outlook, By Component (2021-2030) ($MN)
3 Global Multi-Cloud Networking Market Outlook, By Solutions (2021-2030) ($MN)
4 Global Multi-Cloud Networking Market Outlook, By Multi-Cloud Networking Platforms (2021-2030) ($MN)
5 Global Multi-Cloud Networking Market Outlook, By Cloud Gateways (2021-2030) ($MN)
6 Global Multi-Cloud Networking Market Outlook, By Software-Defined WAN (SD-WAN) (2021-2030) ($MN)
7 Global Multi-Cloud Networking Market Outlook, By Virtual Network Appliances (VNAs) (2021-2030) ($MN)
8 Global Multi-Cloud Networking Market Outlook, By Services (2021-2030) ($MN)
9 Global Multi-Cloud Networking Market Outlook, By Management services (2021-2030) ($MN)
10 Global Multi-Cloud Networking Market Outlook, By Consulting services (2021-2030) ($MN)
11 Global Multi-Cloud Networking Market Outlook, By Integration services (2021-2030) ($MN)
12 Global Multi-Cloud Networking Market Outlook, By Support services (2021-2030) ($MN)
13 Global Multi-Cloud Networking Market Outlook, By Enterprise Size (2021-2030) ($MN)
14 Global Multi-Cloud Networking Market Outlook, By Small & Medium Enterprise (2021-2030) ($MN)
15 Global Multi-Cloud Networking Market Outlook, By Large Enterprise (2021-2030) ($MN)
16 Global Multi-Cloud Networking Market Outlook, By Technology (2021-2030) ($MN)
17 Global Multi-Cloud Networking Market Outlook, By Virtual Private Network (VPN) (2021-2030) ($MN)
18 Global Multi-Cloud Networking Market Outlook, By Software-Defined Networking (SDN) (2021-2030) ($MN)
19 Global Multi-Cloud Networking Market Outlook, By Network Function Virtualization (NFV) (2021-2030) ($MN)
20 Global Multi-Cloud Networking Market Outlook, By Hybrid Cloud Connectivity (2021-2030) ($MN)
21 Global Multi-Cloud Networking Market Outlook, By APIs & Orchestration Tools (2021-2030) ($MN)
22 Global Multi-Cloud Networking Market Outlook, By Other Technologies (2021-2030) ($MN)
23 Global Multi-Cloud Networking Market Outlook, By Application (2021-2030) ($MN)
24 Global Multi-Cloud Networking Market Outlook, By Content Delivery Networks (CDNs) (2021-2030) ($MN)
25 Global Multi-Cloud Networking Market Outlook, By Cloud Migration & Management (2021-2030) ($MN)
26 Global Multi-Cloud Networking Market Outlook, By Security & Compliance (2021-2030) ($MN)
27 Global Multi-Cloud Networking Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
28 Global Multi-Cloud Networking Market Outlook, By High-Performance Computing (HPC) (2021-2030) ($MN)
29 Global Multi-Cloud Networking Market Outlook, By Disaster Recovery & Business Continuity (2021-2030) ($MN)
30 Global Multi-Cloud Networking Market Outlook, By Other Applications (2021-2030) ($MN)
31 Global Multi-Cloud Networking Market Outlook, By End User (2021-2030) ($MN)
32 Global Multi-Cloud Networking Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2021-2030) ($MN)
33 Global Multi-Cloud Networking Market Outlook, By Consumer Goods & Retail (2021-2030) ($MN)
34 Global Multi-Cloud Networking Market Outlook, By Government (2021-2030) ($MN)
35 Global Multi-Cloud Networking Market Outlook, By Healthcare (2021-2030) ($MN)
36 Global Multi-Cloud Networking Market Outlook, By Telecommunications (2021-2030) ($MN)
37 Global Multi-Cloud Networking Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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