Cloud System Management Market Trends Analysis, Growth and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Cloud System Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global cloud system management market reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 23.6% during 2023-2028.

What is cloud system management ?

Cloud system management represents a web-based solution that is utilized for the configuration, setup, monitoring, and optimization of cloud infrastructures. It is generally deployed into an existing cloud environment as a virtual machine (VM) that comprises a database and a server. Cloud system management includes performance monitoring of security, compliance, components, disaster recovery, and contingency solutions. It is also extensively used for storing the organization’s data on an offsite server by a third-party cloud data hosting vendor. Consequently, cloud system management finds wide-ranging applications across several industries, such as telecommunications, information technology (IT), banking, financial services and insurance (BFSI), healthcare, etc.

What Are the Key Factors Driving the Global Cloud System Management Market?

The rising adoption of public, private, and hybrid cloud environments by organizations is primarily driving the cloud system management market. Additionally, the expanding information technology (IT) industry and the growing number of enterprises that are using remote working models, on account of the sudden outbreak of the COVID-19 pandemic, are further positively influencing the global market. Besides this, the increasing demand for cloud system management solutions, as they can efficiently manage complex and multi-cloud strategies for businesses with various operations, is acting as another significant growth-inducing factor. Moreover, numerous technological advancements, such as the introduction of Artificial Intelligence (AI)-based tools for cloud management that automate organizational functions and facilitate incident ticketing and knowledge reuse and offer enhanced security, are bolstering the market growth. Apart from this, extensive investments in R&D activities are also propelling the global market. Furthermore, the development of software-as-a-service (SaaS)-based delivery models is anticipated to fuel the cloud system management market over the forecasted period.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

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).

Key Market Segmentation:

The report has categorized the market based on component, deployment model, enterprise size, end use industry and region.

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)
  • 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 (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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