Cloud System Management Market Trends 2022-2027
Cloud System Management Market
Cloud system management is the process of monitoring and maximizing efficiency in the use of one or more public or private clouds. It is a web-based solution that is used for the setup, configuration, and optimization of cloud infrastructure. Organizations typically use a cloud system management platform to move workloads through different clouds and manage cloud usage.
It is positioned in an existing cloud environment as a virtual machine (VM) that contains a database and server. The server communicates with the application programming interfaces (APIs) and connects the database and virtual resources to the cloud. Currently, cloud system management is employed by organizations to enable performance monitoring of compliance, support disaster recovery, components, and security, and offer contingency solutions.
How has the global cloud system management market performed so far and how will it perform in the coming years?
The global cloud system management market reached a value of US$ 12.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion by 2027, exhibiting a CAGR of 24.4% during 2022-2027.
What are the key driving factors and challenges in the industry?
The increasing application of cloud system management across the banking, financial services and insurance (BFSI), information technology (IT), telecommunications, and healthcare sectors is one of the primary factors accelerating the market growth.
Moreover, the widespread adoption of private, public, and hybrid cloud environments by organizations and the shifting preference toward Software-as-a-Service (SaaS)-based delivery models are boosting the market growth. In line with this, the recent COVID-19 outbreak has compelled organizations to adopt remote working models, which is further facilitating the demand for cloud system management across the globe.
Apart from this, increasing research and development (R&D) activities and rapid technological advancements are providing an impetus to the market growth.
Who are the key players of the global cloud system management market?
The competitive landscape of the industry has also been examined with some of the key players.
- Amazon Web Services Inc. (Amazon)
- BMC Software Inc. (Boxer Parent Company Inc.)
- Broadcom Inc.
- Cisco Systems Inc.
- Dynatrace Inc. (Compuware)
- Datadog Inc.
- Flexera Software Ltd.
- Micro Focus International PLC
- Microsoft Corporation
- New Relic Inc.
- Oracle Corporation
- Red Hat Inc. (IBM)
- Splunk Inc.
- Servicenow Inc.
- Vmware Inc. (Dell Technologies).
What is the structure of the global cloud system management market ?
The report has categorized the market based on component, deployment model, enterprise size and end use industry.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Enterprise Size:
- Small and Medium Enterprise
- Large Enterprise
Breakup by End Use Industry:
- Healthcare and Life Sciences
- Retail and Consumer Goods
- IT and Telecommunication
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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