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Tuesday, October 3, 2023

Global Multi-Cloud Networking Market is anticipated to grow at a CAGR of 18.7% during 2024 to 2030

The future of the global Multi-Cloud Networking Market looks promising with opportunities in the it & ites, bfsi, retail & ecommerce, healthcare & life science, transportation & logistic, manufacturing, media & entertainment, and energy & utility sectors. The global multi-cloud networking market is expected to reach an estimated $9.6 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are growing amount of data traffic, increasing preference for agility and automation, and rising demand for affordable private data storage infrastructure.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the multi-cloud networking market by component (solutions and services), deployment type (public cloud and private cloud), end use industry (IT & ITeS, BFSI, retail & ecommerce, healthcare & life sciences, transportation & logistics, manufacturing, media & entertainment, energy & utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, solution and service are the major segments of multi-cloud networking market by component. Lucintel forecasts that solution is expected to witness highest growth over the forecast period due to increasing use of multi-cloud networking based solutions among organizations to connect, integrate, and manage multiple cloud platforms.Within this market, retail & ecommerce will remain the largest segment due to increasing use of multi-cloud networking in this sector to track real-time insights, offer clients quick services, and keep strong customer relationships.

North America is expected to witness highest growth over the forecast period due to rising demand for connected and iot based devices, growing number of internet usage, and presence of key service providers in the region.

VMware, Oracle, F5, HPE, Cisco, Nutanix, CloudFlare, Juniper, Citrix, and Versa networks are the major suppliers in the multi-cloud networking market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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