HOME Research Insight New Product Development is the Most Important Strategy Adopted by the Market Players That Has Enabled the Companies to Expand Their Existing Product Portfolio in Multi-Cloud Management Market



New Product Development is the Most Important Strategy Adopted by the Market Players That Has Enabled the Companies to Expand Their Existing Product Portfolio in Multi-Cloud Management Market


Increasing cloud services and the rising trend for hybrid model have led to the increasing requirement for multi-cloud management in the market. Multi-cloud management offers various platforms, applications and solutions such as internal and external brokerage enablement, task integration and migration, cloud automation, infrastructure and resource management, metering and billing, provisioning, and others. DoubleHorn, Dell, RightScale, Accenture, and Rackspace are some of the key players in the market. New product development is the most important strategy adopted by the market players that has enabled the companies to expand their existing product portfolio and increase market penetration. Moreover, the companies are entering into various partnerships and acquisitions to increase their sales and customer base.

DoubleHorn is one of the prominent vendors operating in the cloud services brokerage and multi-cloud management space. The company offers multi-cloud management platform and cloud brokerage services to enterprises, government & public, and education sectors. Additionally, the company is expanding its offerings to the private sector enterprises. The company focuses on delivering better prices, better coverage, better performance, better service, and Better Clouds to the enterprises through its multi-cloud management platform. DoubleHornís multi-cloud management platform provides unified integration, data security, and real-time monitoring capabilities to its users. DoubleHorn is the only company in the multi-cloud management market space offering more than 50 different types of reporting capabilities, along with customization. The companyís multi-cloud management platform makes the task easier for organizations as it provides features, such as reporting, real-time monitoring, best pricing, optimized cost, and cloud migration services. It is a dominant cloud vendor and is increasing its presence in the multi-cloud management market.

Jamcracker is a renowned player of multi-cloud management. With the multi-cloud management market growing at a rapid pace, the companyís business strategy is focused on providing multi-cloud management solutions through its cloud platform and JSDN service. The increasing demand for multi-cloud management solutions has encouraged the company to adopt the organic growth strategy of new products development. The company has launched JSDN 7.0, empowering enterprise service providers and IT organizations to offer IT as a Service (ITaaS). This service enables users to compare, customize, deliver, launch, and manage virtualized resources across multiple providers. The company is also offering its customers technologically advanced and innovative products. For instance, enhanced billing engine that aggregates and tracks metered multi-cloud usage in real time. Additionally, the company recently formed a strategic partnership with SCC to jointly launch Universal Cloud Gateway Platform (UCG), offering combined gateway to public and private cloud services. Jamcracker is emerging as one of the frontrunners in multi-cloud management services with its multi-cloud platform and hybrid & multi-cloud solutions.

Related Reports:

Multi-Cloud Management Market by Application (Provisioning, Metering and Billing), Service Type (Cloud Automation, Compliance Management), Platform, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2021

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