Cloud system management software enables organizations to manage their digital resources stored in different cloud environments. It also helps them in the seamless integration of cloud infrastructure, which enables provisioning, configuration, monitoring, analytics, and cost management processes over the cloud-based platform. Managing multiple cloud architectures gives birth to challenges such as empowering innovation in the business operations in an agile manner, expanding global market reach, regulatory compliance, ensuring application performance, and managing costs incurred in adopting a multi-cloud environment. For instance, cloud management platform by market leader VMware, 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 the 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 forecasting, 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, and so on.
Some of the factors that drive the cloud system management market include the rising use of cloud-based solutions, an increase in shift from conventional systems to cloud platforms, and surging demand for simplified management of cloud environments. In contrast, the rising concerns over data security and privacy issues are hampering this growth. However, the market is propelled by heavy investments in the cloud industry.
By component, the global cloud system management market has been divided into IT operations management, IT service management, and IT automation & configuration management.
By organization size, the global cloud system management market has been separated into large enterprise and small & medium enterprise. Large enterprises with broad business operations are expected to adopt cloud system management solutions and services faster than small & medium enterprises.
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, among others. The IT and telecommunications industry is among the largest adopters of cloud system management software and services.
Based on end-users, the global cloud system management market has been divided into energy & utility, food & beverage, automotive & transportation, manufacturing, consumer electronics, and others. The manufacturing industry is expected to report the highest market contribution during the forecast period, mainly due to the rise in investments to automate industrial processes.
The global cloud system management market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
By region, the Global cloud system management market has been segmented into North America, Europe, Asia-Pacific, the Middle East &Africa,and South America. Asia-Pacific region is expected to report the highest CAGRmainly due to the adoption of multi-cloud management by the large Chinese enterprises to automate the control and management of business processes. Additionally, the Indian region is expected to register the highest CAGR as compared to the other country-level markets in the region.
The key players in the global cloud system management market are 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), Oracle (US), Broadcom (US), Amazon Web Services, Inc. (US), Google (US).
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