According to a new report, published by KBV research, The Global Multi-Cloud Networking Market size is expected to reach $8.9 billion by 2028, rising at a market growth of 22.3% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 24.7% during (2022 - 2028). In response to multi-cloud issues, a new type of software service is emerging viz. multi-cloud services. A multi-cloud service provides a standard for one or more functional departments across clouds using an API and object model that are consistent. A multi-cloud service isolates functionality into a single platform and minimizes complexity in comparison to accessing native services from several clouds independently.
The Large Enterprises market dominated the Global Multi-Cloud Networking Market by Organization Size 2021, thereby, achieving a market value of $6.2 billion by 2028. Large enterprises are deploying Multi-Cloud Networking solutions and services to increase the operational efficiency of their businesses across countries, resulting in a higher Multi-Cloud Networking adoption rate than SMBs.
The Private Cloud segment has shown the growth rate of 24.3% during (2022 - 2028). In general, a private cloud refers to a data center created with contemporary cloud technologies that run on-premises or is managed and governed by an organization or corporation rather than in a public cloud. Moreover, private clouds are also considered safer and well-protected in contrast to public clouds. Hence, these factors are boosting the growth of this segment of the market.
The Healthcare segment is anticipated to grow at a CAGR of 23.9% during (2022 - 2028). The adoption of the cloud within the healthcare industry is significant. Establishing on-site storage needs an initial investment in hardware, the purchase of hard drives to store data along with additional IT infrastructure to ensure that data is always secure and accessible.
The North America market dominated the Global Multi-Cloud Networking Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3 billion by 2028. The Europe market is exhibiting a CAGR of 21.4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 24.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/multi-cloud-networking-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
