By Nikhil Sonawane - August 02, 2022 3 Mins Read
Enterprises around the world have successfully embraced a multi-cloud framework in their workflows to get a competitive edge.
Transforming business processes on the cloud can offer advanced functionality, more accessibility, scalability, and flexibility to strengthen work processes. According to a recent report published by Global Market Insights, the market size of multi-cloud management accounted for USD 5 billion in 2022 and is projected to reach approximately USD 55 billion by 2030. The study also highlights that the multi-cloud management market size is expected to grow at a CAGR of 25% from 2022 to 2030.
Irrespective of the immense benefits of the cloud, a few organizations have a risk of losing control of their cloud investments. Embracing multi-cloud approach assists organizations in avoiding vendor lock-in. However, flaws in the multi-cloud strategy will result in developing a complex IT infrastructure that will be challenging to manage.
Businesses that aim to adopt a multi-cloud strategy need to evaluate various cost elements that are inherent with the implementation, including connectivity.
It is crucial to have efficient strategies implemented to overcome all the challenges and ensure they do not end up paying more for their connectivity.
Also Read: Busting Three Key Fallacies About Multi-Cloud Computing
As the workflows of enterprises evolve globally, the size fits all cloud approach does not suffice the needs of cost, security, data, and performance of organizations. A few enterprises have embraced multi-cloud architecture as a desperate need rather than implementing it with a strategic approach. CIOs should consider exploring, evaluating, and selecting multiple cloud vendors to leverage their unique benefits. It is a perfect way to develop a best-of-breed enterprise tech stack with a bespoke framework. The multi-cloud approach has made significant improvements in containers and APIs in terms of data probability. Enterprises can iterate hybrid cloud architecture with a combination of public and private cloud to improve the work processes.
Businesses can develop flexibility in their cloud architecture by exchanging clouds. It is an effective way to streamline multi-cloud interconnection, global accessibility, high speed, and intelligent operation and maintenance. Embracing cloud exchange will assist enterprises in unifying network connections with public cloud vendors and software as a Service (SaaS) providers. A seamless exchange between multiple clouds will optimize business performance and user experience. CIOs should consider designing an efficient exchange approach by keeping the enterprise security tech stack in mind to strengthen the security posture.
Enterprises need not design and develop their own network from the start. All the reliable cloud providers have their own network connectivity with advanced capabilities that has efficiency and security integrated. Businesses can leverage vendors’ network connectivity to accelerate processes instead of utilizing business network connections. This approach might add strain on the business’s finances, but it will enhance performance.
Also Read: Multi-cloud Adoption to Rise till 2024, But Adoption Challenges Could Impact the Trend
Select the best multi-cloud connectivity approach
Software-defined networking is at the core of the network paradigm to automate network workflows and ensure a hygienic security posture. CIOs should consider improving network bandwidth utilization and embedding security-conscious controls to assist both legacy and public cloud workloads. Enterprises need to design and implement a multi-cloud connectivity strategy that offers secure and streamlined connectivity through centralized network management tools to enhance visibility.
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Nikhil Sonawane is a Tech Journalist with OnDot Media. He has 4+ years of technical expertise in drafting content strategies for Blockchain, Supply Chain Management, Digital Transformation, Artificial Intelligence, Big Data, SaaS, PaaS, cloud computing, Data analytics, Enterprise Resource Planning (ERP) solutions, and other emerging enterprise technologies and trends.With eclectic experience in working and writing about complex enterprise systems, he has an impressive track record of success. Through his specialized knowledge of thoughtful and compelling writing styles, he covers a wide range of topics that delve into organizational effectiveness, successful change, and innovation management.His Commitment to ongoing learning and improvement helps him to deliver thought-provoking insights and analysis on complex technologies and tools that are revolutionizing modern enterprises.He brings his eye for editorial detail and keen sense of language skills to every article he writes. If traveling was free, it would have been difficult to trace him.
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