The Asia Pacific Multi-Cloud Networking Market would witness market growth of 24.2% CAGR during the forecast period (2022-2028).
MCN can automate connectivity, eliminating the need for IT personnel to manually configure connections for many operating models utilizing the same underlying cloud networking architecture. In addition to simplifying network operations, MCN is founded on the principle of simplification. By providing a standard controller and management framework, companies claim to simplify cloud settings by reducing the disparity between DevOps, NetOps, and SecOps teams.
It can identify cloud-application intent and deploy it securely and seamlessly across cloud and non-cloud infrastructure. MCN should enable enterprises to foster collaboration between NetOps and DevOps teams to improve operational efficiency and accelerate application deployment. MCN also promises to streamline enterprise environments by offering a centralized point of control over network security, access management, and policy configuration.
This co-location infrastructure can be considered as the edge of the network, where the majority of multi-cloud networks will converge. The availability of software-based Application Programming Interfaces, which are the foundations of cloud infrastructure, facilitates the connection of this infrastructure.
China is one of the largest markets for cloud computing in the world. Alibaba Cloud holds a proportion share of the market. Alibaba is the largest cloud services provider in China. The business is also one of the major Infrastructure-as-a-Service providers. In addition, in China, one of the most significant trends is the incorporation of cloud computing services into industrial transformation.
The China market dominated the Asia Pacific Multi-Cloud Networking Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $784.2 million by 2028. The Japan market is estimated to grow a CAGR of 23.6% during (2022 - 2028). Additionally, The India market would experiene a CAGR of 25% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Multi-Cloud Management and Others) and Services (Integration & Implementation and Consulting, Training & Support). Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on Vertical, the market is segmented into BFSI, IT, ITeS & Telecom, Manufacturing, Transportation & Logistics, Healthcare, Energy & Utilities, Retail & eCommerce, and Media & Entertainment and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Multi-Cloud Networking Market is Projected to reach USD 8.9 Billion by 2028, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, VMware, Inc., F5 Networks, Inc., Hewlett-Packard Enterprise, Nutanix, Inc., Cisco Systems, Inc., Juniper Networks, Inc., Citrix Systems, Inc., Versa Networks, Inc., and Cloudflare, Inc.
By Component
By Organization Size
By Deployment Mode
By Vertical
By Country
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