The market for cloud management platforms was estimated to be worth USD 13.6 billion globally in 2022 and was projected to expand at a compound annual growth rate (CAGR) of almost 18%. This market research on Cloud Management Platforms provides a thorough analysis of the state of the market as of right now and projections through the Forecast Year.
The report, which includes a gap analysis, new opportunities, and market trends for cloud management platforms, is possibly the ideal blend of qualitative and quantitative data outlining significant market advancements, obstacles, and rivalry the sector confronts. The market size, current trends, growth, share, state of development, government policies, market dynamics, cost structure, and competitive environment are all provided in this study. The market growth potential for cloud management platforms throughout the specified forecast period is also included in the research study.
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Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Company
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
Market Opportunity
The Global Cloud Management Platform (CMP) Market is predicted to develop significantly over the forecast period. Some of the primary reasons driving the CMP market’s growth include increased acceptance of cloud computing technologies and rising demand for cloud-based services. Furthermore, the rapidly expanding requirement for cost optimization and the increased need for greater data security are driving market expansion. The growing desire for scalability and flexibility in enterprises has resulted in an increase in the usage of cloud-based solutions, which is another driver driving the CMP market.
In addition, some other factors fueling the market’s expansion include the rising need for cloud-based analytics and reporting solutions as well as the automation of cloud services. Other factors propelling the growth of the CMP market include the expanding requirement for managed services and the rising usage of cloud services. The market is expanding as a result of enterprises’ growing emphasis on customer experience management as well as the growing need for self-service solutions. The CMP industry is seeing possibilities due to the introduction of new technologies like artificial intelligence (AI) and the Internet of Things (IoT). In addition, it is anticipated that rising corporate investments in digital transformation programs will fuel market expansion in the upcoming years.
Recent Development
- In order to improve its monitoring and troubleshooting capabilities for the network and security infrastructure in its cloud management platform, VMware announced the purchase of Nyansa, a network analytics company.
- To further develop its cloud management platform, Red Hat announced that it has acquired StackRox, a supplier of container and Kubernetes-native security.
- Microsoft purchased Affirmed Networks, a provider of virtualized mobile networks, in order to support the expansion of its Azure cloud platform for telcos.
- In order to get better insight into network performance across clouds, data centers, and the internet, Cisco purchased the network intelligence company ThousandEyes. The purpose of this acquisition is to improve Cisco Crosswork, the company’s cloud management platform.
- The CloudHealth Secure State, a compliance and security solution for multi-cloud settings, was introduced by CloudHealth by VMware and can be connected with the CloudHealth cloud management platform.
Reason to Buy this Report
- Industry research: This analysis provides details on competitive levels, industry trends, and development opportunities. By reading a technology report, investors and businesses can have a better understanding of the sector they are considering entering or working in. As a result, they will be able to make more informed choices based on data and analysis.
- Competitive analysis: The research provides businesses with comprehensive information on the benefits, drawbacks, and strategies of their competitors. They might be able to identify potential dangers and business possibilities with this information.
- Innovation: By utilizing the report’s insights on new technologies and trends, businesses can stay up to date on the latest developments and efficiently deploy their resources.
- Due diligence: Investors and acquirers may use the report as part of their due diligence process when considering a technology firm purchase. The company’s technology, its position in the market, and other significant factors may all be learned from this research.
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