Cloud system management software enables organizations to manage their digital resources stored in different cloud environments. It also helps them seamlessly integrate cloud infrastructure, which enables provisioning, configuration, monitoring, analytics, and cost management processes over the cloud-based platform. Managing multiple cloud architectures lead to challenges such as empower innovation in the business operations with an agile manner, expanding global market reach, regulatory compliance, assure application performance, and lastly management of cost incurred in adopting multi-cloud environments. For instance, cloud management platform by the market leaderVMware, Inc (US) offers availing provision infrastructure and application resources such as API, Catalog, and/or CLI of clients’ need depending upon the set of prior defined policies and sanctions; management of multi-cloud platforms from different public, private, or hybrid cloud providers; automation of provisioning and maintenance of resources including components and their relationships; operations management through integrated information regarding the strength and usage, automated performance monitoring and management, augmented decision making on ability as well as for ecasting, and lastly proactively discovering and resolving issues to prevent their impact on consumers. Furthermore, their cost management approach is embedded with data-driven analysis of capacity forecasting, planning according to the workload, acquiring and utilizing resources, etc.
The global cloud system management market has been segmented based on component, deployment, organization size,vertical, and region.
By component, the global cloud system management market has been dividedintoIT operations management, IT service management, and IT automation configuration management.
Based on its deployment, the market is bifurcated into cloud and on-premises.
By organization size, the global cloud system management market has been divided intolarge enterprise and small medium enterprise.
On the basis of vertical, the global cloud system management market has been segmented into BFSI, IT telecommunications, government, retail consumer goods, manufacturing, energy utility, media entertainment, amongothers.
The global cloud system management market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
The global cloud system management market is expected to register an exponential CAGR during the forecast period from 2021 to 2027. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
The market in North America is projected to contribute the highest market share during the forecast period, with the regional market being segmented into the US, Canada, and Mexico. The rapid adoption of cloud system management to manage and control the multi-cloud platforms across the US, Canada, and Mexico. The growing demand for cloud system management platforms from BFSI, IT telecommunications, government, retail consumer goods, manufacturing, energy utility, media entertainment, and verticals in this region offer lucrative opportunities for the cloud system management providers.
For analysis, the European market has been divided into the UK, Germany, France, and the rest of Europe. Europe is expected to be the second-largest region globally to adopt cloud system management. The UK is projected to be the leading country-level market owing to adoption from the IT telecommunications sector.
Asia-Pacific is projected to account highest market share as well as the fastest-growing cloud system management market. The regional market is split into China, India, Japan, South Korea, and the rest of Asia-Pacific. China is expected to lead the country-level market, while India is projected to be the fastest-growing region during the forecast period. The Chinese market is expected to report the highest market share mainly due to increased adoption from BFSI, IT telecommunications, government, media entertainment, and others.
The market in the Middle East Africa and South America is expected to register steady growth during the forecast period with the growing demand for IT automation and better optimization of business operations. The enterprises from IT telecommunications, media entertainment, retail consumer goods, among other verticals, are expected to adopt cloud system management solutions in this region.
According to MRFR analysis, VMware, Inc (US), Microsoft (US), IBM Corporation (US), Cisco Systems, Inc. (US), BMC Software, Inc. (US), New Relic, Inc. (US), Splunk Inc. (US), ServiceNow (US), Dynatrace LLC (US), Datadog (US), Micro Focus (UK), Oracle (US), Broadcom (US), Amazon Web Services, Inc. (US), and Google (US). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
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Global Cloud System Management Market Research Report: By Component(IT Operations Management, IT Service Management, and IT Automation Configuration Management), By Deployment (Cloud and On-premises), By Organization Size(Large Enterprise and Small Medium Enterprise),By Vertical (BFSI, IT Telecommunications, Government, Retail Consumer Goods, Manufacturing, Energy Utility, Media Entertainment, and Others), By Region (North America, Europe, Asia-Pacific, Middle East Africa, and South America)—Forecast till 2027
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