What are the recent trends in market size and growth for the multi-cloud networking market?
The multi-cloud networking market size has grown exponentially in recent years. It will grow from $4.76 billion in 2024 to $6.02 billion in 2025 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to cost optimization, scalability requirements, business continuity and disaster recovery (BCDR), and regulatory compliance.
The multi-cloud networking market size is expected to see exponential growth in the next few years. It will grow to $15.38 billion in 2029 at a compound annual growth rate (CAGR) of 26.4%. The growth in the forecast period can be attributed to hybrid cloud adoption, edge computing expansion, globalization and distributed workforces, cybersecurity concerns, digital transformation initiatives. Major trends in the forecast period include increased adoption of hybrid cloud architectures, expansion of edge computing initiatives, globalization and distributed workforces driving demand, heightened focus on cybersecurity measures, acceleration of digital transformation initiatives.
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What have been the primary factors driving the multi-cloud networking market’s growth?
The rising adoption of cloud computing services is expected to propel the growth of the multi-networking market going forward. Cloud computing services refer to delivering computing services, including servers, storage, databases, networking, software, analytics, and more, over the internet (the cloud) on a pay-as-you-go basis. The adoption of cloud computing services is increasing due to cost efficiency, scalability and flexibility, accessibility and collaboration, security and reliability, and the opportunity for innovation and competitive advantage. Cloud computing services in multi-cloud networking are utilized to leverage the strengths of multiple cloud providers for redundancy, scalability, and workload optimization across diverse environments. For instance, in December 2023, according to the Eurostat, a Luxembourg-based government agency, there were 42.5% of EU enterprises purchased cloud computing services, primarily for email, file storage, and office software, an increase of 4.2 percentage points compared to 2021. Therefore, the rising adoption of cloud computing services is driving the growth of the multi-networking market.
What are the key segments within the multi-cloud networking market?
The multi-cloud networking market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: Public Cloud, Private Cloud
3) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By Vertical: Information Technology And Information Technology Enabled Services, Banking, Financial Services, And insurance, Retail And eCommerce, Healthcare And Life Sciences, Transportation And Logistics, Manufacturing, Media And Entertainment, Energy And Utilities, Other Verticals
Subsegments:
1) By Solutions: Cloud Networking Solutions, Cloud Security Solutions, Cloud Management Solutions, Cloud Orchestration Solutions
2) By Services: Professional Services, Managed Services
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Which key players are shaping the multi-cloud networking market?
Major companies operating in the multi-cloud networking market report are Cisco Systems Inc.; Oracle Corporation; Hewlett Packard Enterprise Development LP; VMware Inc.; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Networks Inc.; Akamai Technologies; Citrix Systems Inc.; F5 Inc.; Nutanix; Array Networks; Extreme Networks Inc.; Zscaler Inc.; Cloudflare Inc.; Riverbed Technology; Barracuda Networks Inc.; Masergy Communications Inc.; A10 Networks Inc.; Imperva Inc.; Versa Networks Inc.; Silver Peak Systems Inc.; Avi Networks; Kemp Technologies
How will emerging trends drive the multi-cloud networking market throughout the forecast period?
Major companies operating in the multi-cloud networking market are developing innovative products such as cross-cloud networks, to gain a competitive edge in the market. Cross-cloud network refers to the networking infrastructure and architecture that enables communication and data exchange between resources deployed across multiple cloud service providers, facilitating interoperability, redundancy, and workload distribution across diverse cloud environments. For instance, in August 2023, Google LLC, a US-based information technology company, launched its Cross-Cloud Network, a cloud networking platform designed to simplify connectivity between various cloud environments and on-premises locations. This platform enables seamless collaboration across multiple cloud providers, offering solutions for building distributed applications efficiently, accelerating internet-facing application delivery, and providing secure access for hybrid workforces.
How do regional factors impact the multi-cloud networking market, and which region is the largest contributor?
North America was the largest region in the multi-cloud networking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Multi-Cloud Networking Market Report 2025 Offer?
The multi-cloud networking market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Multi-cloud networking refers to the practice of interconnecting multiple cloud computing environments from different cloud service providers (CSPs) into a cohesive network infrastructure. This networking enables organizations to leverage the best features and services from different cloud providers while maintaining flexibility, resilience, and control over their cloud infrastructure and applications.
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