Multicloud Data Management Global Market Report 2025

The multicloud data management market size has grown exponentially in recent years. It will grow from $9.73 billion in 2024 to $12.17 billion in 2025 at a compound annual growth rate (CAGR) of 25.1%. The growth in the historic period can be attributed to increasing adoption of cloud computing, growing need for data backup and recovery, rising demand for data security and compliance, expansion of hybrid cloud environments, and increasing digital transformation initiatives.

The multicloud data management market size is expected to see exponential growth in the next few years. It will grow to $29.44 billion in 2029 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period can be attributed to growing demand for hybrid and multi-cloud flexibility, rising volume of enterprise data, expansion of cloud-based analytics, and growing need for cost optimization across clouds. Primary trends in the forecast period include technological advancements in data automation, innovations in AI and machine learning for cloud management, development of unified cloud management platforms, research and development in cloud interoperability, and advancements in data security technologies.

The growing adoption of hybrid cloud strategies is expected to propel the growth of the multicloud data management market going forward. Hybrid cloud strategies refer to the integration of public and private cloud environments with on-premises infrastructure, allowing organizations to run workloads and manage applications flexibly, securely, and cost-effectively. The increasing adoption of hybrid cloud strategies is driven by scalability, as it allows businesses to easily adjust computing resources based on demand and reduce infrastructure costs. Multicloud data management supports hybrid cloud adoption by providing unified control over data across multiple cloud environments, ensuring consistency, accessibility, and security. It reduces operational complexity and optimizes performance, enabling organizations to efficiently manage workloads and leverage the strengths of different cloud providers. For instance, in December 2023, according to Eurostat, a Luxembourg-based government organization, 45.2% of enterprises across the European Union purchased cloud computing services, with 77.6% of large enterprises, 59% of medium-sized enterprises, and 41.7% of small businesses adopting cloud services. Therefore, the growing adoption of hybrid cloud strategies is driving the growth of the multicloud data management market.

Major companies operating in the multicloud data management market are focusing on developing advanced infrastructure, such as multi-cloud regions in space, to boost data processing speed, enhance global connectivity, and reduce latency for real-time applications. A multi-cloud region in space refers to a deployment of interconnected cloud computing resources operating on a satellite constellation in low Earth orbit, allowing data to be managed and processed directly in space without first being relayed to ground-based data centers. For instance, in September 2025, Voyager Technologies Inc., a US-based aerospace and defense company, launched Space Edge to the International Space Station, creating the first multi-cloud region in space. Space Edge is a space-hardened cloud platform that delivers computing power in orbit, reducing latency, enhancing security, and cutting data transfer costs. It is developed by LEOcloud and enables real-time data processing up to 30 times faster than traditional satellite-to-ground methods. The platform supports advanced encryption and uses Podman for containerized application deployment. Space Edge powers defense, commercial, and government missions, enabling AI workloads, real-time analytics, and mission-critical cloud operations in orbit.

In June 2024, Oracle Corporation, a US-based software company, partnered with Google Cloud. Through this partnership, Oracle and Google Cloud aim to enable seamless multicloud data integration and management, allowing enterprises to run applications and access data across both platforms efficiently. Google Cloud is a US-based provider of multicloud data management solutions.

Major players in the multicloud data management market are Google LLC, Microsoft Corporation, Alibaba Cloud, Amazon Web Services Inc., Dell Technologies Inc., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Fujitsu Limited, ServiceNow Inc., NetApp Inc., Rackspace Technology Inc., Pure Storage Inc., Snowflake Inc., Hitachi Vantara Corporation, Teradata Corporation, Commvault Systems Inc., Rubrik Inc., DataCore Software Corporation, DataDirect Networks, and CloudBolt Software Inc.

North America was the largest region in the multicloud data management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in multicloud data management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the multicloud data management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.

The multicloud data management market research report is one of a series of new reports that provides multicloud data management market statistics, including the multicloud data management industry global market size, regional shares, competitors with the multicloud data management market share, detailed multicloud data management market segments, market trends, and opportunities, and any further data you may need to thrive in the multicloud data management industry. This multicloud data management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Multicloud data management refers to the process of efficiently storing, organizing, securing, and governing data across multiple cloud environments to ensure consistency, accessibility, and security. Its primary purpose is to help organizations leverage the strengths of different cloud providers, optimize performance and costs, and maintain unified control over data. This approach enhances business agility, resilience, and scalability across a complex multicloud landscape.

The main components of multicloud data management are software and services. Software refers to AI-driven and automated platforms designed to manage, monitor, and optimize data across multiple cloud environments. It is deployed through public cloud, private cloud, and hybrid cloud modes and caters to both small and medium enterprises and large enterprise organizations. The key applications include data integration and migration, backup and recovery, security and compliance, and disaster recovery, serving end users such as banking, financial services, and insurance (BFSI), healthcare, information technology and telecommunications, retail, manufacturing, and government.

The multicloud data management market includes revenues earned by entities through data orchestration, data governance, data security management, and data monitoring and optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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