Technology Research: Multi-Cloud Management Market Forecast

The multi-cloud management market will reach $3.4 billion in 2021, up from $939.3 million in 2016, according to Markets and Markets. That's a strong 29.6 percent compound annual growth rate (CAGR), the research says.

Customers and their IT service providers will embrace multi-cloud management in order to avoid vendor lock-ins, while also pursuing increased agility and automation, and the right level of governance, the researcher says. Several big names are mentioned in the report -- including:

ChannelE2E says: Start small and start smart. Learn how to manage workloads -- and costs -- on both Azure and Amazon Web Services. Kick the tires on cloud management dashboards from your IT distributor. And begin to explore cloud management and billing management tools from third-parties. Still, avoid the temptation to be all things to all customers. Focus on multi-cloud management for only a handful of initial services.

Complete Report: Multi-Cloud Management Market Global Forecast to 2021.

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Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.