Google’s Cross-Cloud Interconnect service is designed to facilitate high-speed private connections between Google Cloud and customers' on-site networks, as well as provide 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 mitigate the risks associated with vendor lock-in contracts, which can hinder cost savings. A recent IDC study found that 64% of companies use multiple cloud providers, yet nearly 80% expressed a need to simplify cloud management, indicating that while they are moving towards multi-cloud solutions, they still face challenges in managing interconnectivity.

Third-party interconnection providers enhance multi-cloud connectivity by offering automated services that simplify network integration across various cloud platforms. They provide a centralized management portal, reducing the need for multiple interfaces and allowing businesses to manage their global network connections more efficiently. Additionally, these providers often own the underlying infrastructure, ensuring reliable and secure connections while offering competitive pricing models.