The Cloud Systems Management Software Market size is estimated to grow from USD 3.95 Billion in 2016 to USD 15.29 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during the forecast period. According to a new market research report published by MarketsandMarkets, the market share is expected to reach upto $15.29 billion by 2021.
The demand for cloud systems management software is driven by the factors such as simplified integration of complex & heterogeneous cloud environments, increasing adoption of private & hybrid cloud among the enterprises throughout the globe, and enterprises’ willingness to opt for required cloud services from different vendors in order to avoid vendor lock-in.
With the increase in adoption rate of cloud systems management among the enterprises, the Cloud Systems Management Software Market is expected to gain major traction during the forecast period.
Operations management solution is expected to contribute the largest market share
The operations management solution has gained importance over the years owing to the need for optimizing internal
business process, minimizing risk of disruption, gaining competitive advantage, and increasing operational efficiency. This solution provides additional benefits such management of heavy workload, enhanced speed and quality of delivery, reduced time-consuming manual tasks, improved accuracy, and increased business opportunity.
Professional services are expected to have largest share of the market
Professional services enable enterprises to choose the best possible solutions and services depending on the requirement of the businesses and their users. Vendors offering these services focus on improving the network performance, reducing the capital expenditure & operational expenditure, and ensuring end-to-end delivery & multivendor support.
On the other hand, managed services segment is expected to grow at a higher CAGR as it helps enterprises focus on core business activities and improve operational efficiency. Managed services delivers service quality and enhanced end user experience while delivering speed, cost optimization, and quality of service.
North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest
North America is expected to hold the largest market share and dominate the Cloud Systems Management Software Market from 2016 to 2021, owing to availability of proficient technical expertise, large investments in research & development, early adoption of new & emerging technologies, and presence of large number of players in this region.
The APAC region is in the initial growth phase; however, it is the fastest-growing region for the global cloud systems management software market. The key reasons for the high growth rate in APAC are increased spending on IT infrastructure, rising cloud-based applications, and growing demand for automation of processes & in region.
The major vendors in the Cloud Systems Management Software Market are VMware Inc. (Palo Alto, California, US), IBM Corporation (Armonk, New York, US), Microsoft Corporation (Redmond, Washington, US), HP Enterprise Company (Palo Alto, California, US), Cisco Systems, Inc. (San Jose, California, US), BMC Software (Houston, Texas, US), Oracle Corporation (Redwood City, California, US), Red Hat, Inc. (Raleigh, North Carolina, US), CA Technologies (New York City, New York, US.), and ServiceNow, Inc. (Santa Clara, California, US).
more recommended stories
Top 10 ways Amazon will own everything you use in daily life
Amazon is the fastest growing e-commerce.
Amazon India ups the ante with six new fulfillment centers
Amazon India has announced that it.
Towards A Digital Future: Smart Technologies Redefined
Time is moving fast and we.
Vodafone inks partnership with Mango to build digital fitting rooms
Vodafone has announced a partnership with.
Top Reasons To Buy Bose QuietComfort 35 Wireless Headphones II
Bose Corporation, a popular manufacturer of.
Aadhaar data breach gets murkier with UIDAI filing FIR against the reporter Rachna Khaira
The Unique Identification Authority of India.