Global Cloud Management Platform Market Analysis By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud, Multi-cloud), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Industry Verticals (Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences, IT and Telecommunications, Manufacturing, Government and Public Sector, Retail and Consumer Goods, Media and Entertainment, Others) & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 269
- CATEGORY
- Information Communication & Technology
The global cloud management platform market size was valued at approximately USD 13.6 billion in 2022 and was expected to grow at a CAGR of around 18%.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 13.6 Billion |
Market Forecast in 2032 | USD 18.3 Billion |
CAGR % 2023-2031 | 18.0% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Deployment Type, By Organization Size, By Industry Verticals |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | VMware Inc., IBM Corporation, Microsoft Corporation, Cisco Systems Inc., BMC Software Inc., Red Hat Inc., Dell Technologies Inc., Citrix Systems Inc., ServiceNow Inc., CloudBolt Software Inc., RightScale Inc., Scalr Inc., CloudHealth Technologies Inc., Turbonomic Inc., Embotics Corporation |
Driver: Growing adoption of cloud computing services is propelling Cloud Management Platform Market growth.
One market driving factor for the Cloud Management Platform market is the increasing adoption of cloud computing services by organizations. As businesses continue to move their operations to the cloud, there is a growing need for tools and platforms that can help manage and optimize cloud environments. Cloud Management Platforms provide organizations with a centralized platform for managing their cloud resources, including monitoring and optimizing usage, controlling costs, and ensuring security and compliance. With the increasing complexity of cloud environments and the need for efficient management, the demand for Cloud Management Platforms is expected to grow significantly in the coming years.
Segmentation:
By Deployment Model:
• Public Cloud
• Private Cloud
• Hybrid Cloud
• Multi-cloud
By Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
By Industry Verticals:
• Banking, Financial Services and Insurance (BFSI)
• Healthcare and Life Sciences
• IT and Telecommunications
• Manufacturing
• Government and Public Sector
• Retail and Consumer Goods
• Media and Entertainment
• Others
Geographical Analysis:
North America: The North America region is expected to dominate the cloud management platform market due to the presence of major cloud service providers and enterprises. The increasing adoption of cloud-based services by SMEs and large organizations is driving the market growth in this region. For instance, in 2020, Amazon Web Services (AWS) launched a new cloud management tool named AWS Resource Groups Tagging API, which allows users to tag AWS resources and search them based on the tag.
Europe: The Europe region is also expected to witness significant growth in the cloud management platform market due to the increasing adoption of cloud-based services and the growing demand for automation and orchestration of cloud resources. For instance, in 2020, Google Cloud acquired CloudSimple, a cloud migration and DRaaS provider, to simplify the migration of VMware workloads to Google Cloud.
Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the cloud management platform market due to the increasing adoption of cloud-based services by SMEs and large enterprises. The growing investments in cloud infrastructure and the increasing demand for efficient cloud resource management are driving the market growth in this region. For instance, in 2020, Alibaba Cloud launched a new cloud management platform named Cloud Enterprise Network 2.0 to simplify the management of hybrid cloud resources.
Latin America: The Latin America region is also expected to witness significant growth in the cloud management platform market due to the increasing adoption of cloud-based services and the growing demand for efficient cloud resource management. The increasing investments in cloud infrastructure and the growing adoption of digital technologies are driving the market growth in this region. For instance, in 2020, Microsoft launched a new cloud management platform named Azure Orbital to simplify the management of satellite data and applications on Azure.
Middle East and Africa: The Middle East and Africa region is also expected to witness significant growth in the cloud management platform market due to the increasing adoption of cloud-based services by SMEs and large organizations. The growing demand for efficient cloud resource management and the increasing investments in cloud infrastructure are driving the market growth in this region. For instance, in 2020, Oracle launched a new cloud management platform named Oracle Cloud Observability and Management Platform to provide a unified view of the IT infrastructure across cloud and on-premises environments.
Recent Development: Global Cloud Management Platform Market
• VMware announced the acquisition of Nyansa, a network analytics firm, to enhance its monitoring and troubleshooting capabilities for the network and security infrastructure in its cloud management platform.
• Red Hat announced the acquisition of StackRox, a provider of container and Kubernetes-native security, to further expand its cloud management platform.
• Microsoft acquired Affirmed Networks, a company that provides virtualized mobile networks, to help it further build out its Azure cloud platform for telecoms companies.
• Cisco acquired ThousandEyes, a network intelligence firm, to improve visibility into network performance across clouds, data centers and the internet. This acquisition is aimed to enhance the company's cloud management platform, Cisco Crosswork.
• CloudHealth by VMware released the CloudHealth Secure State, a compliance and security solution for multi-cloud environments, which can be integrated into the CloudHealth cloud management platform.
Company Profiles:
• VMware Inc.
• IBM Corporation
• Microsoft Corporation
• Cisco Systems Inc.
• BMC Software Inc.
• Red Hat Inc.
• Dell Technologies Inc.
• Citrix Systems Inc.
• ServiceNow Inc.
• CloudBolt Software Inc.
• RightScale Inc.
• Scalr Inc.
• CloudHealth Technologies Inc.
• Turbonomic Inc.
• Embotics Corporation
 
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Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Management Platform Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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