The global cloud systems management software market is expected to develop from USD 65.64 billion in 2024 to USD 254.21 billion by 2029, at a stunning compound annual growth rate of 31.1% throughout the calculated period.
Cloud System Management Software is considered a framework that manages operations in the 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 in managing, monitoring, and improving resource management for organizations that depend on business needs. Cloud systems management software services are being implemented by companies due to advantages like better staff efficiency, easy implementation, greater reactivity for end-users, optimal use of resources, lower maintenance cost, and better quality.
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, fewer 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.
The market will greatly benefit from the robust implementation of a variety of cloud-based services in various industry sectors to enable the integration of complex and heterogeneous cloud setups. 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 factors are 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
31.1% |
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Segments Covered |
By Solution, Service, End User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
VMware Inc. (USA); IBM Corporation (USA); Microsoft Corporation (USA); HP Enterprise Company (USA); Cisco Systems, Inc. (USA); BMC Software (USA); Oracle Corporation (USA); Red Hat, Inc. (USA); CA Technologies (USA); and ServiceNow, Inc. (USA) and Others. |
The cloud systems management software market is segmented into 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.
Based on 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 into 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.
North America is supposed to be the substantial region in the global cloud systems management software market and is likely to dominate it 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.
The cloud systems management software ecosystem includes service providers such as VMware Inc. (USA), IBM Corporation (USA), Microsoft Corporation (USA), HP Enterprise Company (USA), Cisco Systems, Inc. (USA), BMC Software (USA), Oracle Corporation (USA), Red Hat, Inc. (USA), CA Technologies (USA), and ServiceNow, Inc. (USA).
In February 2019, SoftwareONE, a leading solutions and services company, completed the purchase of COMPAREX, a renowned IT services company. It will support the digitization of more than 50,000 customers worldwide and enable the company to focus on transforming people and a business culture into the core values of the company.
By Solution
By Services
By Deployment
By Organization Size
By End-User
By Region
Frequently Asked Questions
Emerging economies such as India and China are witnessing significant growth in the Cloud Systems Management Software Market due to factors such as rapid digital transformation initiatives, increasing adoption of cloud-based services by enterprises, and government initiatives promoting cloud adoption to drive innovation and efficiency in various sectors.
Artificial intelligence (AI) is playing a crucial role in enhancing the capabilities of cloud systems management software by enabling predictive analytics, automated remediation, and intelligent resource allocation, thereby improving operational efficiency and reducing downtime.
SMEs are increasingly adopting cloud systems management software due to its ability to streamline operations, reduce IT infrastructure costs, enhance scalability, and provide access to advanced IT management capabilities without the need for large upfront investments.
Key market players are focusing on strategic partnerships, product innovation, and acquisitions to expand their product portfolios, enhance their market presence, and address the evolving needs of customers in the rapidly growing Cloud Systems Management Software Market worldwide.
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