Google's Cross-Cloud Interconnect service offers a high-speed private connection between its public cloud and customers' on-site networks, as well as dedicated links to major competitors like Amazon Web Services, Microsoft Azure, Oracle, and Alibaba. This service aims to help businesses navigate the complexities of multi-cloud environments and reduce vendor lock-in.

Many organizations adopt a multi-cloud approach to avoid vendor lock-in, which is seen as a barrier to cost savings. According to a recent IDC study, 64% of companies are using multiple cloud providers, yet nearly 80% express a need to simplify cloud management, indicating that while they are diversifying their cloud usage, they still face challenges in managing these environments.

Third-party interconnection providers enhance multi-cloud connectivity by offering automated services that simplify network integration across various cloud platforms. They provide high-performance connectivity, reduce the complexity of network management, and allow businesses to access competitive pricing models. This enables companies to manage their cloud connections more efficiently and with less technical overhead.