Asia Pacific Multi-cloud Management Market To Reach $15.65 Billion By 2030

Asia Pacific Multi-cloud Management Market Growth & Trends

The Asia Pacific multi-cloud management market size is estimated to reach USD 15.65 billion by 2030, growing at a CAGR of 30.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth can be attributed to the growing focus of multi-cloud vendors on adopting multi-cloud solutions to upscale operations, expand application performance, and solidify their market presence in the highly competitive market. Multi-cloud solutions are cost-effective and have flexible payment methods like pay-as-you-use, which attract many customers. In August 2021, Cisco Systems Inc. and Boston Consulting Group (BCG) reported that their overall cloud investment in APAC is estimated to exceed USD 200 billion by 2024. Apart from steady growth prospects in critical markets such as China, India, and Japan, the multi-cloud market is expected to find promising growth opportunities across countries such as Singapore, Indonesia, the Philippines, Vietnam, and Malaysia during the forecast period.

Governments across the region are investing in developing digital infrastructure, including broadband connectivity and data centers. This infrastructure development supports the growth of cloud services and multi-cloud management solutions. For instance, in November 2022, the Japanese government announced the "Multi-Cloud Strategy 2022" to promote the adoption of multi-cloud environments and establish guidelines for multi-cloud management and governance.

The availability of on-demand content at such speed necessitates media & entertainment companies to move away from legacy production systems, which are slow and prone to several quality issues. Remote participation in business conferences is made possible by digital platforms that extend their reach and expansion, enabling them to extend beyond geographical boundaries. Multi-cloud solutions establish new multi-channel connections with sophisticated data analytics to keep audiences engaged. Due to the adaptive nature of cloud offerings, the media & entertainment industry leverage cloud system to address emerging global shifts.

Market participants use various strategies, such as new product launches, mergers & acquisitions, and unveiling new cloud regions in the Asia Pacific region. Such strategies would present new opportunities for cloud computing and service sales for channel partners, solidify their position in the APAC market, and expand their business in the region. For instance, in August 2022, Google Cloud offered by Google LLC, introduced building and equipping new data centers in Thailand, Malaysia, and New Zealand, a cloud area for the company in these countries, giving local clients the tools they need to power their cloud services. With this release, Google Cloud gives customers new options for accessing local cloud regions' capabilities while easing the transition to multi-cloud settings. A new wave of hyperscale data centers designed to power cloud infrastructure and satisfy rapidly growing demand is expected to increase the multi-cloud market in the Asia Pacific (APAC).

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Asia Pacific Multi-cloud Management Market Report Highlights

• Based on solution, the APAC region's security & risk Management segment is expected to witness significant growth over the forecast period. Utilizing automation tools in multi-cloud management, users can save operations teams time by detecting and remediating security vulnerabilities, solving complex IT problems, and optimizing cloud costs

• Based on enterprise size, the small & medium enterprise segment is expected to grow at the highest CAGR from 2023 to 2030. SMEs increasingly use business-driven tools and solutions. Moreover, the rising number of service providers entering the market gives SMEs a wide range of options, fueling the segment's expansion

• Based on end-use, the manufacturing segment is anticipated to emerge as the fastest-growing segment over the forecast period.Multi-cloud management allows manufacturing organizations to deploy their workloads across multiple clouds and choose from various deployment models, including IaaS, PaaS, and SaaS

Asia Pacific Multi-cloud Management Market Segmentation

For the purpose of this report, Grand View Research has segmented the Asia Pacific multi-cloudmanagement market based on solution, enterprise size, end-use, and country:

Asia Pacific Multi-cloud Management Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Security & Risk Management

• Training & Consulting

• Reporting & Analytics

• Cloud Automation

• Managed Services

• Others

Asia Pacific Multi-cloud Management Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Small & Medium Enterprise (SME)

• Large Enterprise

Asia Pacific Multi-cloud Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• IT & Telecom

• Consumer Goods & Retail

• Manufacturing

• Healthcare

• Media & Entertainment

• Government

• Others

Asia Pacific Multi-cloud Management Country Outlook (Revenue, USD Million, 2018 - 2030)

• China

• Japan

• India

• Australia

• South Korea

List of Key Players in the Asia Pacific Multi-cloud Management Market

• Alibaba Group Holding Limited

• Microsoft Corporation

• Amazon.com Inc.

• Google LLC (Alphabet Inc.)

• International Business Machines Corporation

• Oracle Corporation

• Tencent Cloud

• Huawei Technologies Co., Ltd.

• Baidu, Inc.

• Trianz