A company that adopts a multicloud strategy for its IT applications is trying to avoid vendor lock-in as part of its risk mitigation strategy. Vendor lock-in is a situation where the customer becomes dependent on a single cloud provider and faces high switching costs and technical challenges if they want to migrate to another provider. Vendor lock-in can limit the customer's flexibility, choice, and control over their IT resources and expose them to the risks of service degradation, price increases, or vendor lockout12. A multicloud strategy is an approach that uses multiple cloud providers for different IT applications, based on the best fit for each workload. A multicloud strategy can help the customer avoid vendor lock-in by reducing their reliance on any single provider, increasing their bargaining power, and enabling them to leverage the best features and services from different providers34.
Reference:
What is vendor lock-in? | Vendor lock-in and cloud computing 2
Avoiding vendor lock-in with the help of multicloud 3
How to Avoid Vendor Lock-In with Cloud Computing - Seagate 4