3504401 - HTTP_MAX_CONN_EXCEEDED Runtime error for Cloud ALM User

The following dumps are happening in the managed system for the Cloud ALM user

Category               Internal error
Runtime Errors         HTTP_MAX_CONN_EXCEEDED
Application Component  BC-MID-ICF
Date and Time          DATE TIME (EST)
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|Short Text                                                                                        |
|    The maximum number of HTTP client connections has been exceeded.                              |
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|User and Transaction                                                                              |
|    Client................. 000                                                                   |
|    User.................. CALM_USER                                                              |
|    Language key.......... E                                                                      |
|    Transaction.........                                                                          |

SAP Cloud ALM

The maximum number of HTTP client connections has been exceeded, HTTP_MAX_CONN_EXCEEDED , KBA , SV-CLM-INF-CON , Connectivity of managed services/systems to SAP Cloud ALM , Problem