The global cloud systems management software market is determined to develop from $ 16.95 billion in 2019 to $ 28.29 billion by 2025, at a stunning compound annual growth rate of 31.1% throughout the calculated period of 2020 to 2025.
Cloud System Management Software is considered as a framework that manages operations in cloud and automation to meet desired conditions. The main applications offered by cloud system management software include cloud automation, configuration management, workload planning, cloud performance, and event and problem management. It also provides flexibility to manage, monitor and improve resource management for organizations that depend on business needs. Cloud systems management software services are being implemented by companies, due to the advantages like better staff efficiency, easy implementation, greater reactivity for end-users, optimal use of resources, lower maintenance cost, and better quality.
Recent developments:
Growth and market trends:
The operations management solution has grown in importance over the years due to the need to optimize internal business processes, minimize the risk of disruption, gain a competitive advantage, and increase operational efficiency. This solution offers additional benefits like managing a large workload, improved speed and quality of delivery, less time consuming manual tasks, greater precision and greater business opportunities.
Professional services allow companies to choose the best possible solutions and services according to the needs of companies and their users. Providers offering these services focus on improving network performance, reducing capital and operating expenses, and ensuring end-to-end delivery and support from multiple providers. On the other hand, the managed services segment is supposed to grow at a higher CAGR, as it helps companies focus on their core business activities and improve operational efficiency. Managed services provide quality of service and a better user experience while providing speed, cost optimization, and quality of service.
Drivers and Restraints:
The adoption of cloud systems management software is mainly due to factors such as increased demand for automation and lower management overhead. The market will greatly benefit from the robust implementation of a variety of cloud-based services in various industry sectors in terms of enabling integration of complex and heterogeneous cloud setup. The increasing adoption of hybrid cloud and the urgent need to avoid foreclosure of clients or owners are also driving market growth.
The increasing penetration of cloud-based technology in several verticals is driving the growth of the cloud systems management software market. This software offers a variety of benefits, including automation of cloud operations, workload planning, configuration management, cloud performance, and problem management. Additionally, it provides flexibility to monitor, administer, and improve resource management for organizations. From now on, the increase in the adoption of this software drives the growth of the global cloud systems management software market. It facilitates the integration of complex and heterogeneous cloud environments that further drive the growth of the worldwide market.
However, companies face several challenges when implementing cloud management software, such as increased threats to security breaches in cloud systems and complications related to portability. These are the factors envisaged to slow the growth of the global cloud systems management software market. In addition, the main challenges for the market include the lack of technical knowledge and expertise among enterprises and the difficulties of system restructuring.
Market segmentation:
The global cloud management software market is segmented by solution, service and end user.
By solution, the market for cloud systems management software is segmented in change and configuration management, operations management, performance management, problem management, workload planning, automation management and incidents. The operations management solution should contribute to the largest market share.
On the basis of services, the market is classified into professional services and managed services. Professional services should have the largest market share, whereas managed services are likely to develop at the highest annual growth rate.
Based on end-user segmentation, the cloud systems management market is segmented in banking, financial and insurance (BFSI), education, consumer goods and retail, government and public sector, manufacturing, health care and science. life, telecommunications and ITES, media and entertainment, etc.
Regional Analysis:
North America is supposed to be the substantial region in the global cloud systems management software market and is likely to dominate the market over the foreseen period. This is credited to the increasing implementation of innovative technologies, rising investments in R&D, the availability of competent technical knowledge and the presence of a large number of players in the region.
Key market players:
The cloud systems management software ecosystem includes service providers such as VMware Inc. (USA); IBM Corporation (USA); Microsoft Corporation (USA); HP Enterprise Company (United States); Cisco Systems, Inc. (United States); BMC software (United States); Oracle Corporation (United States); Red Hat, Inc. (USA); CA Technologies (United States); and ServiceNow, Inc. (United States).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cloud Systems Management Software Market, By Solution
6.1.1 Operations Management
6.1.2 Change & Configuration Management
6.1.3 Application Performance Management
6.1.4 Problem Management
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Cloud Systems Management Software Market, By Services
6.2.1 Professional
6.2.2 Managed
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Cloud Systems Management Software Market, By Deployment
6.3.1 On-Premises
6.3.2 Cloud
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Cloud Systems Management Software Market, By Organization Size
6.4.1 Large
6.4.2 SMEs
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Cloud Systems Management Software Market, By End-User
6.5.1 Banking, Financial and Insurance (BFSI)
6.5.2 Education
6.5.3 Consumer Goods and Retail
6.5.4 Government and Public Sector
6.5.5 Manufacturing
6.5.6 Health Care and Life Sciences
6.5.7 Telecommunications and ITES
6.5.8 Media and Entertainment
6.5.9 Market Size Estimations & Forecasts (2019-2024)
6.5.10 Y-o-Y Growth Rate Analysis
6.5.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Solution
7.2.3 By Services
7.2.4 By Deployment
7.2.5 By Organization Size
7.2.6 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Solution
7.3.3 By Services
7.3.4 By Deployment
7.3.5 By Organization Size
7.3.6 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Solution
7.4.3 By Services
7.4.4 By Deployment
7.4.5 By Organization Size
7.4.6 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Solution
7.5.3 By Services
7.5.4 By Deployment
7.5.5 By Organization Size
7.5.6 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Solution
7.6.3 By Services
7.6.4 By Deployment
7.6.5 By Organization Size
7.6.6 By End-User
8. Key Player Analysis
8.1 VMware Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM Corporation
8.3 Microsoft Corp
8.4 HP Enterprise Company
8.5 Cisco Systems, Inc
8.6 BMC Software
8.7 Oracle Corporation
8.8 Red Hat, Inc
8.9 CA Technologies
8.10 ServiceNow, Inc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Related Reports
Feb 2020
