The Europe Multi-Cloud Networking Market would witness market growth of 21.4% CAGR during the forecast period (2022-2028).
The shift toward dispersed application development in hybrid cloud solutions is increasing this demand. The growth of both public and private clouds has resulted in a massive expansion of co-location centers and Internet exchanges, allowing organizations and cloud providers to interact seamlessly under one roof.
The Multi-Cloud Networking industry improves network performance. Multi-cloud networking is the practice of utilizing cloud services from various, disparate sources. This comprises public cloud providers, like Google Cloud Platform, Amazon Web Services, as well as Microsoft Azure in addition to specialist suppliers of platform-as-a-service, infrastructure-as-a-service, and software-as-a-service.
Along with the dynamic provision, administration, and control connection between private data centers, enterprise networks, public, and hybrid clouds, increased capabilities are driving new workloads throughout multi-cloud solutions and are the major market drivers. With businesses and corporations beginning to utilize different cloud resources, including both private and public clouds, they require improved software-defined networking methods to connect these resources.
The region identifies various major use cases and features that are frequently necessary for constructing a private multi-cloud network with the ability to connect an on-premises environment to a single or several public clouds via the Internet and SaaS connectivity. In this region, strict security regulation for intra- and inter-cloud traffic through next-generation firewalls and Secure Web Gateways (SWG) is boosting the demand for real-time data.
The Germany market dominated the Europe Multi-Cloud Networking Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $558 million by 2028. The UK market is anticipated to grow at a CAGR of 20.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 22.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Multi-Cloud Networking Market will Hit $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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