Cloud System Management Market vendors by Share & Growth Strategies - 2025 | MarketsandMarkets
- dheeraj pawar
- Oct 1, 2020
- 3 min read
According to the new market research report, "Cloud System Management Market by component (IT Operations Management (ITOM), IT Service Management (ITSM), and IT Automation and Configuration Management (ITACM)), deployment model, organization size, vertical, and region - Global Forecast to 2025" size is expected to grow from USD 10.6 billion in 2020 to USD 31.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period. The flexibility and agility of cloud-based models would support the IT service needs of enterprises. The leading CSPs/hyperscalers—Microsoft, Alphabet, IBM, and AWS—are expected to increase their CAPEX primarily for data center expansion to support the increasing workload for their internal and external stakeholders. The increasing volume of data generation in websites and mobile apps, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few factors driving the growth of the emerging technologies. The emerging technologies, such as big data, Artificial Intelligence (AI), and Machine Learning (ML) are gaining traction which is ultimately leading to the growth of the cloud system management market, globally.
Browse 255 market data Tables and 55 Figures spread through 241 Pages and in-depth TOC on "Cloud System Management Market - Global Forecast to 2024"
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North America to dominate the global cloud system management market in 2020
North America is expected to have the largest market size among the regions in the cloud system management market as organizations are shifting toward cloud-based solutions and services with the increasing adoption of digital business strategies. This trend is expected to continue during the forecast period. North America is a mature market due to the presence of many players offering cloud system management solutions. Moreover, enterprises are increasing their budgets to accommodate cloud system management solutions, which are favoring the growth of the cloud system management market in North America. The US and Canada are the top countries in North America which contribute to the cloud system management market. The US, being a major economy, holds a significant market share owing to the country’s technological advancements and inclination toward innovation and adoption of new technologies. Furthermore, organizations have invested substantially in advanced technologies to gain competitive advantage and increase business productivity. The cloud system management market is expected to grow steadily as enterprises are adopting cloud-based solutions and services at various levels as a part of their strategy to sustain themselves in the market and achieve improved business functioning. Some of the major players catering to the cloud system management market in North America include Microsoft, IBM, Oracle, HPE, and Cisco.
Market Players
The cloud system management market includes major vendors, such as VMware (US), Microsoft (US), IBM (US), Cisco (US), BMC Software (US), New Relic (US), Splunk (US), ServiceNow (US), Dynatrace (US), Datadog (US), Google (US), Micro Focus (UK), Oracle (US), Broadcom (US), AWS (US), Flexera (US), ScienceLogic (US), Puppet (US), HPE (US), Turbonomic (US), Apptio (US), Chef (US), Densify (US), Riverbed (US).
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VMware is one of the leading players in the cloud system management market. The company primarily focuses on cloud management monitoring, analytics, and automation and professional services for this market. It is focused on organic and inorganic strategies to strengthen its capabilities for this market. Under organic growth strategies, VMware has launched vRealize Operations Cloud and VMware Cloud Foundation (VCF) 4cloud system management. For inorganic growth, it is focused on partnerships, collaborations, and acquisitions to increase its footprint in the market. For instance, it acquired Pivotal and Veriflow to expand cloud monitoring and network monitoring capabilities. The recent partnerships, acquisitions, and business expansions imply that the company is tapping the opportunities in the cloud system management market and is keen to deliver technologically advanced solutions and services. These partnerships will help VMware enhance its offerings and expand its expertise.
Microsoft has been working extensively toward becoming an exclusive device vendor, security provider, and cloud services-oriented firm. It primarily intends to improve the technology usage experience for both personal and commercial clients. The company aims to provide customers with economical and convenient product offerings integrated with the latest technological solutions and services. Microsoft focuses on both organic and inorganic business growth strategies to maintain its position in the cloud system management market. As a part of inorganic growth strategies, it has partnered with Genesys, SAS, and Oracle for better innovation of cloud management solutions. The company is also focused on partnerships, collaborations, and acquisitions. For instance, it acquired Affirmed Networks and Movere to strengthen its cloud management software capabilities.
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