DUBLIN–(BUSINESS WIRE)–The report “Cloud System Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added to ResearchAndMarkets.com’s offering.
The global cloud system management market reached a value of US$ 12.2 Billion in 2021. Expected, the market will reach US$ 44.0 Billion in 2027, showing a CAGR of 23.84% during 2021-2027.
Cloud system management refers to a web-based solution used for the setup, configuration, monitoring and optimization of cloud infrastructure. It is deployed in an existing cloud environment as a virtual machine (VM) consisting of a database and a server.
The server communicates with application programming interfaces (APIs) to connect the database and virtual resources to the cloud. This includes component performance monitoring, security, compliance, disaster recovery and contingency solutions. It is also used for storing organizational data on an offsite server of a third-party cloud data hosting vendor.
As a result, cloud system management solutions are finding wide application in various industries, such as banking, financial services and insurance (BFSI), telecommunications, information technology (IT) and healthcare.
The significant growth in the information technology (IT) industry worldwide represents one of the main factors creating a positive outlook for the market.
Moreover, the widespread adoption of public, private and hybrid cloud environments by organizations is also driving the growth of the market. Cloud system management solutions can efficiently manage complex and multi-cloud strategies for businesses with diverse operations.
Furthermore, due to the onset of the coronavirus pandemic (COVID-19), an increasing number of organizations are adopting remote working models, which, in turn, is facilitating the need for these systems. Various technological advancements, such as the development of artificial intelligence (AI)-based tools for cloud management, are acting as other factors driving growth.
AI-enabled cloud management solutions automate organizational functions and facilitate incident ticketing and knowledge reuse and provide enhanced security. Other factors, including increasing preference for Software-as-a-Service (SaaS)-based delivery models, along with extensive research and development (R&D) activities, are expected to boost still on the market.
Key Questions Answered in This Report:
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How is the global cloud system management market performing today and how will it perform in the coming years?
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How has COVID-19 affected the global cloud system management market?
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What are the main regional markets?
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What is market breakdown based on share?
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What is the market breakup based on deployment model?
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What is the market breakdown based on business size?
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What is the market breakdown based on end use industry?
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What are the different stages in the value chain of the industry?
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What are the key driving factors and challenges in the industry?
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What is the structure of the global cloud system management market and who are the key players?
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What is the level of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined along with some of the major players
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Amazon Web Services Inc. (Amazon)
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BMC Software Inc. (Boxer Parent Company Inc.)
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Broadcom Inc.
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Cisco Systems Inc.
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Dynatrace Inc. (Compuware)
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Datadog Inc.
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Flexera Software Ltd.
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Micro Focus International PLC
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Microsoft Corporation
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New Relic Inc.
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Oracle Corporation
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Red Hat Inc. (IBM)
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Splunk Inc.
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Servicenow Inc.
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VMware Inc. (Dell Technologies)
Main Market Segmentation:
Breakdown by Part:
Separation by Deployment Model:
Breakdown by Enterprise Size:
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Small and Medium Enterprises
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Large Enterprise
Breakdown by End Use Industry:
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BFSI
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Health care and Life Sciences
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Retail and Consumer Goods
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IT and Telecommunications
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Different
Breakdown by Region:
North America
Asia-Pacific
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China
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Japanese
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India
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South Korea
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Australia
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Indonesia
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The others
Europe
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Germany
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France
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United Kingdom
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Italy
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Spain
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Russia
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Different
Latin America
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/6rfdni