Multi-Cloud Networking Market Size, Trends and Insights By Component (Solution, Services), By Deployment Mode (Public Cloud, Private Cloud), By Enterprise Size (Large Enterprise, Small and Medium Enterprise), By Industry Verticals (BFSI, IT and Telecom, Retail and E-Commerce, Healthcare, Manufacturing, Energy and Utilities, Media and Entertainment, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI26720

Published Date: July 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 24.5%
3.02B
2022
4.77B
2023
20.55B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Cisco Systems Inc.
  • F5 Inc.
  • Cloudflare Inc.
  • Oracle
  • Juniper Networks Inc.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Multi-Cloud Networking market is expected to record a CAGR of 24.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 3.02 billion. By 2032, the valuation is anticipated to reach USD 20.55 billion.

The Multi-Cloud Networking market comprises a range of solutions and technologies that facilitate the connectivity and communication between an organization’s resources and applications hosted in different cloud environments. These solutions can include:

  • Multi-cloud interconnects Tools and technologies that create secure and high-speed connections between various cloud providers.
  • Cloud networking services: Managed networking services offered by cloud providers that enable organizations to build and manage complex networks across multiple cloud platforms.
  • Software-defined networking (SDN) solutions: SDN enables organizations to manage and optimize network resources across different clouds through a centralized and programmable control plane.
  • Cloud-native network security: Solutions designed to secure data and communications within and between cloud environments.
  • Network monitoring and analytics tools: Tools that provide insights into the performance and health of the network across multiple clouds.

The Multi-Cloud Networking market is driven by the increasing adoption of multi-cloud strategies by enterprises. Many organizations choose to distribute their workloads across multiple cloud providers to avoid vendor lock-in, improve redundancy and disaster recovery, optimize performance, and take advantage of specialized services offered by different providers.

Multi-Cloud Networking Market – Significant Growth Factors

  • Flexibility and Avoidance of Vendor Lock-in: Multi-cloud networking allows organizations to diversify their cloud infrastructure across different providers. By avoiding reliance on a single vendor, companies can maintain flexibility, negotiate better terms, and prevent vendor lock-in, ensuring they are not tied to a specific provider’s services or pricing model.
  • Improved Performance and Redundancy: Utilizing multiple cloud providers enables organizations to deploy critical workloads across different data centers and regions. This approach improves performance and reduces latency by bringing data closer to end-users. Additionally, it provides built-in redundancy, enhancing reliability and disaster recovery capabilities.
  • Access to Specialized Services: Different cloud providers offer unique services and features that cater to specific business needs. Adopting a multi-cloud strategy allows organizations to leverage these specialized services, optimizing their applications and workloads for improved functionality and efficiency.
  • Risk Mitigation: Relying on a single cloud provider can pose risks if that provider faces downtime, security breaches, or other service disruptions. Multi-cloud networking helps mitigate these risks by distributing workloads across multiple providers, reducing the impact of any single provider’s issues on the entire infrastructure.
  • Cost Optimization: Multi-cloud networking allows organizations to choose cost-effective cloud solutions based on their specific needs and budget constraints. By selecting the most suitable cloud service for each workload, companies can optimize their cloud spending.
  • Compliance and Data Sovereignty: Different countries have varying data protection laws and regulations. Multi-cloud strategies can enable organizations to host data in specific regions or countries to comply with local data sovereignty requirements.
  • Innovation and Vendor Competition: The growing popularity of multi-cloud strategies drives cloud providers to continually innovate and offer competitive services. This competition benefits organizations by providing a broader range of options and better service quality.
  • Hybrid Cloud Adoption: Many enterprises adopt hybrid cloud architectures, combining both public cloud services and private cloud/on-premises infrastructure. Multi-cloud networking facilitates seamless integration between these environments, creating a cohesive and interconnected hybrid cloud setup.
  • Scalability and Performance Optimization: As businesses grow and their cloud needs expand, multi-cloud networking allows them to scale their infrastructure effectively while optimizing performance by distributing resources strategically.

Global Multi-Cloud Networking Market 2023–2032 (By Component)

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Multi-Cloud Networking Market – Mergers and Acquisitions

  • VMware’s Acquisition of Avi Networks: In July 2019, VMware, a leading provider of virtualization and cloud infrastructure solutions, acquired Avi Networks, a company specializing in multi-cloud application delivery services. This acquisition aimed to bolster VMware’s software-defined networking capabilities and enhance its position in the multi-cloud networking market.
  • Cisco’s Acquisition of ThousandEyes: In May 2020, Cisco, a multinational technology conglomerate, acquired ThousandEyes, a network intelligence company that provides visibility into various networks, including the public internet and cloud providers. This acquisition added crucial monitoring and visibility capabilities to Cisco’s networking portfolio, empowering organizations with better insights into multi-cloud environments.
  • Palo Alto Networks’ Acquisition of CloudGenix: In April 2020, Palo Alto Networks, a cybersecurity company, acquired CloudGenix, a provider of software-defined wide area networking (SD-WAN) solutions. The acquisition allowed Palo Alto Networks to enhance its SD-WAN capabilities and extend its cloud-based security services for multi-cloud environments.
  • Equinix’s Acquisition of Packet: In January 2020, Equinix, a global data center and interconnection provider, acquired Packet, a bare metal cloud provider. This acquisition helped Equinix expand its multi-cloud and edge computing capabilities, enabling customers to deploy hybrid and multi-cloud solutions in Equinix data centers.
  • Citrix’s Acquisition of Wrike: In January 2021, Citrix, a digital workspace and application delivery solutions provider, announced its acquisition of Wrike, a collaborative work management platform. Although not directly related to networking, this acquisition aimed to enhance Citrix’s overall cloud and collaboration offerings, potentially impacting multi-cloud strategies for their customers.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Multi-Cloud Networking Market Networking Equipment Market Private 5G Network Market
CAGR 24.5% (Approx) CAGR 4.5% (Approx) CAGR 49.7% (Approx)
USD 20.55 Billion by 2032 USD 27.22 Billion by 2032 USD 41.80 Billion by 2032

Multi-Cloud Networking Market – Significant Threats

  • Security and Data Breaches: One of the most significant concerns in the multi-cloud networking market is the potential for security breaches and data leaks. As organizations distribute their data and applications across multiple cloud environments, the attack surface also expands, making it more challenging to secure and monitor all endpoints. A breach in any of the interconnected clouds could have severe consequences for the entire multi-cloud infrastructure.
  • Data Compliance and Governance: With data being stored and processed in different cloud locations and across various jurisdictions, ensuring compliance with data protection and privacy regulations becomes complex. Organizations need to navigate the legal and regulatory requirements of each region, which can be challenging and may lead to compliance violations.
  • Interoperability and Integration Challenges: Integrating diverse cloud services and ensuring seamless interoperability between different cloud providers can be a daunting task. Incompatibilities between cloud platforms can result in issues related to data migration, application performance, and overall operational efficiency.
  • Vendor Lock-in Risks: While multi-cloud strategies aim to avoid vendor lock-in with a single provider, businesses may face difficulties in migrating applications and data between cloud platforms. Proprietary technologies and dependencies on specific cloud services can inadvertently lead to vendor lock-in, limiting flexibility and increasing long-term costs.
  • Complexity and Management Overhead: Managing a multi-cloud networking environment introduces additional complexity compared to a single-cloud setup. The need to coordinate resources, policies, and configurations across multiple clouds can increase the management overhead, potentially impacting operational efficiency and costs.
  • Service Outages and Downtime: Relying on multiple cloud providers means that an outage or service disruption in any of the clouds could impact the availability of applications and services. Ensuring continuous availability and resilience across a multi-cloud environment is a critical challenge.
  • Cost Overruns: While multi-cloud strategies aim to optimize costs by leveraging different providers based on their offerings and pricing, managing expenses across multiple clouds can be complex. Without proper monitoring and cost management strategies, organizations may face cost overruns and financial challenges.
  • Lack of Standardization: The absence of standardized approaches and protocols for multi-cloud networking can hinder seamless integration and migration between different cloud providers. Lack of standardization can create a fragmented ecosystem and slow down innovation and adoption.

Skill Gaps and Training: Operating in a multi-cloud environment may require specialized skills and expertise. Organizations need to invest in training their IT teams or hiring professionals with the required knowledge, which can be a challenge in a competitive talent market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 4.77 Billion
Projected Market Size in 2032 USD 20.55 Billion
Market Size in 2022 USD 3.02 Billion
CAGR Growth Rate 24.5% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Component, Deployment Mode, Enterprise Size, Industry Verticals and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Based on the Component:

In 2023, the solution segment experienced the highest growth in the Multi-Cloud Networking market. This surge was primarily driven by the increasing adoption of multi-cloud networking techniques by end-user industries such as Banking, Financial Services, and Insurance (BFSI), and manufacturing.

Organizations sought to leverage multi-cloud solutions to enhance their networking capabilities, improve performance, and optimize resource utilization.

Looking ahead, during the forecast period, the services segment is expected to witness the most substantial growth in the multi-cloud networking industry. This growth can be attributed to the growing demand for managed and professional cloud services.

As organizations continue to expand their multi-cloud environments, they require specialized expertise to manage and optimize their networking setups effectively. Consequently, the uptake of managed services and professional consulting for multi-cloud networking is projected to drive the robust growth of the services segment in the industry.

Global Multi-Cloud Networking Market 2023–2032 (By Billion)

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Multi-Cloud Networking Market – Regional Analysis

  • North America: North America held a dominant position in the Multi-Cloud Networking market, driven by the presence of major cloud service providers, a mature IT infrastructure, and a high rate of cloud adoption among businesses. The United States, in particular, accounted for a substantial share of the market due to its strong focus on technological innovation and advanced networking solutions.
  • Europe: Europe also represented a significant share in the Multi-Cloud Networking market, with countries like the United Kingdom, Germany, and France leading in cloud adoption. The European market saw growth opportunities driven by increasing digital transformation initiatives and the need for scalable and flexible networking solutions across various industries.
  • Asia-Pacific: The Asia-Pacific region emerged as a rapidly growing market for Multi-Cloud Networking, with countries like China, India, and Japan playing pivotal roles in the adoption of cloud technologies. The region’s expanding IT industry, growing data center infrastructure, and a rise in demand for cloud-based services contributed to the market’s growth.
  • Latin America: Latin America showcased a rising interest in Multi-Cloud Networking solutions, fueled by the adoption of cloud technologies in sectors like finance, healthcare, and e-commerce. Brazil, Mexico, and Argentina were prominent contributors to the growth of the Multi-Cloud Networking market in this region.
  • Middle East and Africa: The Middle East and Africa regions also witnessed increased interest in Multi-Cloud Networking, driven by growing digital transformation efforts and the expansion of cloud services. The United Arab Emirates (UAE), South Africa, and Saudi Arabia were among the key countries fostering market growth.

Global Multi-Cloud Networking Market 2023–2032 (By Deployment Mode)

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List of the prominent players in the Multi-Cloud Networking Market:

  • Cisco Systems Inc.
  • F5 Inc.
  • Cloudflare Inc.
  • Oracle
  • Juniper Networks Inc.
  • VMware Inc.
  • akamai technologies
  • Nutanix
  • Hewlett Packard Enterprise Development LP
  • Citrix Systems Inc.
  • Others

The Multi-Cloud Networking Market is segmented as follows:

By Component

  • Solution
  • Services

By Deployment Mode

  • Public Cloud
  • Private Cloud

By Enterprise Size

  • Large Enterprise
  • Small and Medium Enterprise

By Industry Verticals

  • BFSI
  • IT and Telecom
  • Retail and E-Commerce
  • Healthcare
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Multi-Cloud Networking Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Multi-Cloud Networking Market : snapshot
  • Chapter 3. Global Multi-Cloud Networking Market – Industry Analysis
    • 3.1 Multi-Cloud Networking Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Flexibility and Avoidance of Vendor Lock-in
      • 3.2.2 Improved Performance and Redundancy
      • 3.2.3 Access to Specialized Services
      • 3.2.4 Risk Mitigation
      • 3.2.5 Cost Optimization
      • 3.2.6 Compliance and Data Sovereignty
      • 3.2.7 Innovation and Vendor Competition
      • 3.2.8 Hybrid Cloud Adoption
      • 3.2.9 Scalability and Performance Optimization.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Component
      • 3.7.2 Market attractiveness analysis By Deployment Mode
      • 3.7.3 Market attractiveness analysis By Enterprise Size
      • 3.7.4 Market attractiveness analysis By Industry Verticals
  • Chapter 4. Global Multi-Cloud Networking Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Multi-Cloud Networking Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Multi-Cloud Networking Market – Component Analysis
    • 5.1 Global Multi-Cloud Networking Market overview: By Component
      • 5.1.1 Global Multi-Cloud Networking Market share, By Component, 2022 and 2032
    • 5.2 Solution
      • 5.2.1 Global Multi-Cloud Networking Market by Solution, 2023 – 2032 (USD Billion)
    • 5.3 Services
      • 5.3.1 Global Multi-Cloud Networking Market by Services, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Multi-Cloud Networking Market – Deployment Mode Analysis
    • 6.1 Global Multi-Cloud Networking Market overview: By Deployment Mode
      • 6.1.1 Global Multi-Cloud Networking Market share, By Deployment Mode, 2022 and 2032
    • 6.2 Public Cloud
      • 6.2.1 Global Multi-Cloud Networking Market by Public Cloud, 2023 – 2032 (USD Billion)
    • 6.3 Private Cloud
      • 6.3.1 Global Multi-Cloud Networking Market by Private Cloud, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Multi-Cloud Networking Market – Enterprise Size Analysis
    • 7.1 Global Multi-Cloud Networking Market overview: By Enterprise Size
      • 7.1.1 Global Multi-Cloud Networking Market share, By Enterprise Size, 2022 and 2032
    • 7.2 Large Enterprise
      • 7.2.1 Global Multi-Cloud Networking Market by Large Enterprise, 2023 – 2032 (USD Billion)
    • 7.3 Small and Medium Enterprise
      • 7.3.1 Global Multi-Cloud Networking Market by Small and Medium Enterprise, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Multi-Cloud Networking Market – Industry Verticals Analysis
    • 8.1 Global Multi-Cloud Networking Market overview: By Industry Verticals
      • 8.1.1 Global Multi-Cloud Networking Market share, By Industry Verticals, 2022 and 2032
    • 8.2 BFSI
      • 8.2.1 Global Multi-Cloud Networking Market by BFSI, 2023 – 2032 (USD Billion)
    • 8.3 IT and Telecom
      • 8.3.1 Global Multi-Cloud Networking Market by IT and Telecom, 2023 – 2032 (USD Billion)
    • 8.4 Retail and E-Commerce
      • 8.4.1 Global Multi-Cloud Networking Market by Retail and E-Commerce, 2023 – 2032 (USD Billion)
    • 8.5 Healthcare
      • 8.5.1 Global Multi-Cloud Networking Market by Healthcare, 2023 – 2032 (USD Billion)
    • 8.6 Manufacturing
      • 8.6.1 Global Multi-Cloud Networking Market by Manufacturing, 2023 – 2032 (USD Billion)
    • 8.7 Energy and Utilities
      • 8.7.1 Global Multi-Cloud Networking Market by Energy and Utilities, 2023 – 2032 (USD Billion)
    • 8.8 Media and Entertainment
      • 8.8.1 Global Multi-Cloud Networking Market by Media and Entertainment, 2023 – 2032 (USD Billion)
    • 8.9 Others
      • 8.9.1 Global Multi-Cloud Networking Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 9. Multi-Cloud Networkings Market – Regional Analysis
    • 9.1 Global Multi-Cloud Networkings Market Regional Overview
    • 9.2 Global Multi-Cloud Networkings Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Multi-Cloud Networkings Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Multi-Cloud Networkings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Multi-Cloud Networkings Market, by Component, 2023 – 2032
      • 9.4.1 North America Multi-Cloud Networkings Market, by Component, 2023 – 2032 (USD Billion)
    • 9.5 North America Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032
      • 9.5.1 North America Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032 (USD Billion)
    • 9.6 North America Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032
      • 9.6.1 North America Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.7 North America Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032
      • 9.7.1 North America Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Multi-Cloud Networkings Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Multi-Cloud Networkings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Multi-Cloud Networkings Market, by Component, 2023 – 2032
      • 9.9.1 Europe Multi-Cloud Networkings Market, by Component, 2023 – 2032 (USD Billion)
    • 9.10 Europe Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032
      • 9.10.1 Europe Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032 (USD Billion)
    • 9.11 Europe Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032
      • 9.11.1 Europe Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.12 Europe Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032
      • 9.12.1 Europe Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Multi-Cloud Networkings Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Multi-Cloud Networkings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Multi-Cloud Networkings Market, by Component, 2023 – 2032
      • 9.14.1 Asia Pacific Multi-Cloud Networkings Market, by Component, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032
      • 9.15.1 Asia Pacific Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032
      • 9.16.1 Asia Pacific Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032
      • 9.17.1 Asia Pacific Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Multi-Cloud Networkings Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Multi-Cloud Networkings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Multi-Cloud Networkings Market, by Component, 2023 – 2032
      • 9.19.1 Latin America Multi-Cloud Networkings Market, by Component, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032
      • 9.20.1 Latin America Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032
      • 9.21.1 Latin America Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032
      • 9.22.1 Latin America Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Multi-Cloud Networkings Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Multi-Cloud Networkings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Multi-Cloud Networkings Market, by Component, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Multi-Cloud Networkings Market, by Component, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Multi-Cloud Networkings Market, by Deployment Mode, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Multi-Cloud Networkings Market, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Multi-Cloud Networkings Market, by Industry Verticals, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Cisco Systems Inc.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 F5 Inc.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Cloudflare Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Oracle
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Juniper Networks Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 VMware Inc.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 akamai technologies
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Nutanix
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Hewlett Packard Enterprise Development LP
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Citrix Systems Inc.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Others.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
List Of Figures

Figures No 1 to 32

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Cisco Systems Inc.
  • F5 Inc.
  • Cloudflare Inc.
  • Oracle
  • Juniper Networks Inc.
  • VMware Inc.
  • akamai technologies
  • Nutanix
  • Hewlett Packard Enterprise Development LP
  • Citrix Systems Inc.
  • Others

FAQs

The key factors driving the Market are Flexibility and Avoidance of Vendor Lock-in, Improved Performance and Redundancy, Access to Specialized Services, Risk Mitigation, Cost Optimization, Compliance and Data Sovereignty, Innovation and Vendor Competition, Hybrid Cloud Adoption And Scalability and Performance Optimization.

The “Deployment Mode” category dominated the market in 2022

The key players in the market are Cisco Systems Inc., F5 Inc., Cloudflare Inc., Oracle, Juniper Networks Inc., VMware Inc., akamai technologies, Nutanix, Hewlett Packard Enterprise Development LP, Citrix Systems Inc., Others

“North America” had the largest share in the Multi-Cloud Networking Market.

The global market is projected to grow at a CAGR of 24.5% during the forecast period, 2023-2032.

The Multi-Cloud Networking Market size was valued at USD 3.02 Billion in 2022.

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