Report Scope & Overview:
Cloud System Management Market size was valued at USD 15.30 Bn in 2022 and is expected to reach USD 90.61 Bn by 2030, and grow at a CAGR of 24.9% over the forecast period 2023-2030.
Cloud administration is the process by which administrators manage and coordinate all of the goods and services that run in the cloud, including users and apps, access control, data, and services. It's about giving administrators access to the resources they need, and the flexibility to automate operations they desire and make modifications as needed, all while keeping track of consumption and costs. It's also how administrators retain scalability and flexibility while adapting fast to changing circumstances.
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Administrators may utilize cloud management solutions to keep track of everything from resource deployment and use to Kubernetes, data integration, and disaster recovery. They manage the platforms, infrastructure, applications, cloud provider and cloud service provider resources, and data that make up a cloud.
EY has teamed together with SAP and Microsoft to assist financial services organizations in pursuing cloud transformation. EY, a New York-based consultancy business, delivers industry-specific IP, while Microsoft gives cloud infrastructure. Banks, insurance companies, and capital market groups are the focus of the relationship. In the healthcare, power utilities, and retail industries, EY also focuses on vertical cloud products.
The technology makes cloud infrastructure integration across many settings simple and effective.
cost optimization, manageability, dependability, agility, and strategic edge are just a few of the benefits that may help businesses enhance their bottom line.
The number of cyber-attacks and security breaches is on the rise.
Protecting the privacy and secrecy of corporate data.
Increasing AIOps technology investment.
A number of businesses have made investments in their IT infrastructure.
The number of modifications in IT operations is increasing.
IMPACT OF COVID-19:
The worldwide cloud sector has reported widespread adoption of various cloud-based solutions for business continuity amid the pandemic situation that has arisen as a result of the new coronavirus epidemic. To break the chain of disease transmission, it transitioned from traditional working environs to the new normal of remote working scenarios. During the pandemic, the use of digital platforms increased dramatically, and this trend is predicted to continue until each individual sitting in remote parts of the world is vaccinated. Businesses, on the other hand, are increasing their IT expenses to adapt and accommodate to client expectations in order to maintain company continuity. End-use sectors such as media and entertainment, online learning platforms, and energy and utilities are all expected to increase their digital infrastructure expenditure.
On the basis of components, the market is split into IT Operations Management, IT Service Management, IT Automation, and Configuration Management. ITOM ensures that the infrastructure and operational environments that support the deployment of applications to internal and external customers, such as network infrastructure, server and device management, computer operations, IT infrastructure library management, and help desk services, are running smoothly. It mostly refers to the tools required to manage the computing, networking, and application environments' provisioning, performance, capacity, and availability. As a result, the category is predicted to have a bigger market share.
The market is divided into two categories based on the deployment model: on-premises and cloud. Despite the fact that on-premises solutions are more expensive than cloud-based solutions, many businesses are opting for this deployment option due to security concerns. Government and banking, for example, are highly regulated businesses that require the highest level of security and privacy, which only the on-premises model can give. Furthermore, enterprises prefer on-premises since it is required of them to be compliant and know where their data is stored.
KEY MARKET SEGMENTS:
On The Basis of component
IT Operations Management (ITOM)
IT Service Management (ITSM)
IT Automation and Configuration Management (ITACM)
On The Basis of Deployment Model
On The Basis of organization size
Small and Medium-sized Enterprises (SMEs)
On The Basis of verticals:
Banking, Financial Services, and Insurance (BFSI)
IT and ITeS
Government and Public Sector
Retail and Consumer Goods
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
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Because of its well-developed cloud enterprise management, North America is likely to earn the greatest cloud enterprise management market share. Due to the introduction of new technologies and applications in numerous organizations, Europe and APAC are likely to earn significant cloud enterprise management market share. Because of government programs aimed at improving technology, China and Japan are likely to be the fastest expanding cloud enterprise management markets. Due to an increase in the need for new technologies in the IT sector, the cloud enterprise management markets in Latin America are likely to develop rapidly in the next years.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are BMC Software, Inc., CA Technologies, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, Red Hat, Inc., ServiceNow, Inc., VMware, Inc. & Other Players
BMC Software, Inc - Company Financial Analysis
|Market Size in 2022||US$ 15.30 Bn|
|Market Size by 2030||US$ 90.61 Bn|
|CAGR||CAGR of 24.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component ((ITOM), (ITSM), (ITACM))
• by Deployment Model (On-premises and Cloud)
• by Organization size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises)
• by Industry Vertical ((BFSI), Telecommunications, IT and ITeS, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BMC Software, Inc., CA Technologies, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, Red Hat, Inc., ServiceNow, Inc., VMware, Inc|
|Key Drivers||• cost optimization, manageability, dependability, agility, and strategic edge are just a few of the benefits that may help businesses enhance their bottom line.|
|Market Opportunities||• Increasing AIOps technology investment
• A number of businesses have made investments in their IT infrastructure
Ans: - The forecast period of the Cloud System Management Market is 2022-2028.
Ans: - Cost optimization, manageability, dependability, agility, and strategic edge are just a few of the benefits.
Ans: - North America is likely to earn the greatest cloud enterprise management market share.
Ans. The primary growth tactics of Cloud System Management market participants include merger and acquisition, business expansion, and product launch.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cloud System Management Market Segmentation, by Component
8.1 IT Operations Management (ITOM)
8.2 IT Service Management (ITSM)
8.3 IT Automation and Configuration Management (ITACM)
9. Cloud System Management Market Segmentation, by Deployment Model
10. Cloud System Management Market Segmentation, by Organization Size
10.1 Small and Medium-sized Enterprises (SMEs)
10.2 Large Enterprises
11. Cloud System Management Market Segmentation, by Vertical
11.1 Banking, Financial Services, and Insurance (BFSI)
11.3 IT and ITeS
11.4 Government and Public Sector
11.5 Retail and Consumer Goods
11.7 Energy and Utilities
11.8 Media and Entertainment
11.9 Healthcare and Life Sciences
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 BMC Software, Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 CA Technologies, Inc.
13.3 Cisco Systems, Inc.
13.4 Hewlett Packard Enterprise Development LP (HPE)
13.5 IBM Corporation
13.6 Microsoft Corporation
13.7 Oracle Corporation
13.8 Red Hat, Inc.
13.9 ServiceNow, Inc.
13.10 Vmware, Inc.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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