Multi Cloud Management Market -Industry and Forecast (2022-2029)

Multi-Cloud Management Market was valued at US$ 3432.16 Mn in 2021 and is expected to reach US$ 29405.56 Mn by 2029 at a CAGR of 30.80% during a forecast period.
Multi-Cloud Management Market Dynamics

The adoption of multi-cloud management is believed to be growing in the market, because of the growing adoption of cloud-based services and the emergence of the Internet of Things (IoT). However, enterprises face some obstacles while adopting multi-cloud management, owing to application portability on several cloud environments and its compliance with stringent regulations. Some of the other drivers are, avoidance of vendor lock-ins, increased agility and automation, and the need for a high level of governance and policy.
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