DUBLIN--(BUSINESS WIRE)--The "Cloud System Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cloud system management market reached a value of US$ 12.2 Billion in 2021. Looking forward, the market to reach US$ 44.0 Billion by 2027, exhibiting a CAGR of 23.84% during 2021-2027.
Cloud system management refers to a web-based solution used for setup, configuration, monitoring and optimization of cloud infrastructure. It is deployed into an existing cloud environment as a virtual machine (VM) that consists of a database and a server.
The server communicates with application programming interfaces (APIs) to connect the database and virtual resources on the cloud. It involves performance monitoring of the components, security, compliance, disaster recovery and contingency solutions. It is also utilized for storing the organization's data on an offsite server by a third-party cloud data hosting vendor.
As a result, cloud system management solutions find extensive applications across various industries, such as banking, financial services and insurance (BFSI), telecommunications, information technology (IT) and healthcare.
Significant growth in the information technology (IT) industry across the globe represents one of the key factors creating a positive outlook for the market.
Furthermore, widespread adoption of public, private and hybrid cloud environments by organizations is also driving the market growth. Cloud system management solutions can efficiently manage complex and multi-cloud strategies for enterprises with diverse operations.
Moreover, due to the onset of the coronavirus pandemic (COVID-19), an increasing number of organizations are adopting remote working models, which, in turn, is facilitating the demand for these systems. Various technological advancements, such as the development of artificial intelligence (AI)-based tools for cloud management, are acting as other growth-inducing factors.
AI-enabled cloud management solutions automate organizational functions and facilitate incident ticketing and knowledge reuse and provide enhanced security. Other factors, including an increasing preference for Software-as-a-Service (SaaS)-based delivery models, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Questions Answered in This Report:
- How has the global cloud system management market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cloud system management market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cloud system management market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being
- 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)
Key Market Segmentation:
Breakup by Component:
- Solution
- Services
Breakup by Deployment Model:
- Public
- Private
- Hybrid
Breakup by Enterprise Size:
- Small and Medium Enterprise
- Large Enterprise
Breakup by End Use Industry:
- BFSI
- Healthcare and Life Sciences
- Retail and Consumer Goods
- IT and Telecommunication
- Others
Breakup by Region:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/6rfdni
