Multi-Cloud SDN Industry - Regional Synopsis
North America Market Statistics
North America industry is expected to hold largest revenue share of 36% by 2037, influenced by rising adoption of cloud services in the region.The market growth in the region is also expected on account of the rising adoption of cloud services owing to its cost-efficiency and agility. The region robustly identifies several leading use cases and capabilities that are more often than not required in building a global private multi-cloud network that connects on-premises environments to single or multiple public clouds with distributed cloud, Internet, and SaaS connectivity. Further, 96% of businesses use one or more public clouds. Half of the workloads of businesses are hosted on public clouds. Businesses use 2.2 public clouds on average. 48 percent of data is kept by organizations on public clouds.
Furthermore, the United States has a mature industry regarding the adoption of cloud computing adoption, propelling multi-cloud SDN services. Also, the U.S. is home to multiple multi-cloud SDN solution vendors, such as Cisco, Oracle, /Juniper Networks, F5, and Dell among others.
The high internet penetration, coupled with initiatives from government agencies moving partially to the cloud to improve information services would also drive the growth of multi-could SDN technologies in Canada.
APAC Market Analysis
APAC region is estimated to capture significant multi-cloud SDN market share by the end of 2037, owing to organizations in the region adopting multi and hybrid-cloud strategies to leverage the benefits of multiple cloud platforms. This trend is driven by the need for flexibility, scalability, and cost optimization. Businesses are looking for strategies to effectively manage cloud resources and minimize their cloud expenses.
With the help of features like workload optimization, resource monitoring, and cost analytics, multi-cloud management solutions help businesses make the most out of their cloud investments. It is projected that these elements will fuel the need for multi-cloud management solutions. For instance, in March 2022, the Ministry of Electronics and Information Technology introduced the India Enterprise Architecture (IndEA) framework, which focuses on adopting multi-cloud and cloud and hybrid cloud architecture for government organizations
The integration of cloud computing services for industrial transformation is one of the most prominent trends, in China. It is estimated that in China, the cloud computing industry has been growing around 25-35% each year, for the last five years, and the trend will likely continue shortly.
South Korea aims to attract more people to its growing cloud computing sector. Despite American dominance, South Korean businesses are contributing to the global cloud sector. A survey of South Korean Software as a Service (SaaS) cloud enterprises in 2022 revealed that approximately 69% of those using multi-cloud services combined numerous international clouds with one domestic cloud.
The cutting-edge facility, known as OS3, allows businesses in Japan to utilize Platform Equinix to create future-proof hybrid multi-cloud architecture and embrace digitalization in the new era with an initial expenditure of US$55 million. Major cloud service providers (CSPs) have been using Osaka as a new regional hub to enhance their offerings and bolster their influence in Asia-Pacific multi-cloud SDN market in recent years.
