Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Cloud system management is the software and technology developed for monitoring and operating applications, service and data residing in the cloud. Cloud system management tools assists in ensuring if cloud computing based resources are working ideally and properly interacting with other services and users. There are several tasks included in cloud management such as performance monitoring, initiating and overseeing disaster recovery and contingency plans, security and compliance auditing and management.
The global cloud systems management market continues to expand rapidly as growing number of organizations adopting multi-cloud architectures for various range of production and Devops workloads. Customers are gaining confidence with their potentiality to upgrade multi-cloud environments that match workloads across a mix of on-premise and/or public cloud infrastructure, development platforms, and software-as-a-service options. However, increasing threat of cyber-attacks, complex process in application portability, and concerns regarding data safety are a few factors that may hinder the growth of cloud systems management market.
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. In the foreseeable future, the COVID-19 pandemic has accelerated the existing trend toward digital marketplaces. Most of the organizations across verticals have embraced work from home model to safeguard employee well-being and preserve operational efficiency further increasing the demand for cloud based solutions. As several organizations turn to upgrade its IT infrastructure, the demand for cloud system management solutions will continue to grow.
The report analyses the cloud systems management market based on component, organization size, deployment type, verticals, and geography.
By component, the global cloud systems management market is segmented into IT operations management, IT service management, and IT automation and configuration management. IT operations management segment accounts for the largest market share in the market. It allows smooth functioning of infrastructure and operational environment supporting the external and internal customers.
By organization size, the global cloud systems management market is segmented into small and medium-sized enterprises and large enterprises.
The global cloud systems management by deployment type is classified into on-premise and cloud. Among these, on premise segment holds the largest market share in the market. Most of the enterprises are adopting on-premise model for security concerns. Government and banking is a highly regulated services, on-premise model provides optimum level of security and privacy to these services.
The global cloud systems management by vertical is classified into banking, financial services, and insurance, telecommunications, IT and ITes, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, and others. Among these, BFSI segment is expected to hold the largest market share in the forecast period. Major bank and financial organizations focus on monetizing data by predicting customer spending patterns and the demand for predictive analytics, AI, and big data continues to grow.
Geographically, the cloud systems management market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. North America region influences the cloud systems management market due to the fact major cloud hosting companies present in this region. U.S. has been developing cloud systems management products and it has been endowed with establishments which are the major users of cloud computing.
Some of the major players operating in this market include Microsoft (US), IBM (US), Cisco (US), BMC Software (US), VMware (US), New Relic (US), Splunk (US), Dynatrace (US), Datadog (US), Google (US), Micro Focus (UK), Oracle (US), ServiceNow (US), Broadcom (US), AWS (US), Flexera (US), ScienceLogic (US), Puppet (US).
The report analyses the cloud systems management market based on component, organization size, deployment type, verticals, and geography. Cloud systems management components include IT operations management, IT service management, and IT automation and configuration management. Based on organization size, the market is segmented into small and medium-sized enterprises and large enterprises. Cloud systems management deployment type includes on-premise and cloud. The major verticals of the market include into banking, financial services, and insurance, telecommunications, IT and ITes, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, and others.
Some of the major players operating in the market include Microsoft, IBM, Cisco, BMC Software, VMware, New Relic, Splunk, Dynatrace, Datadog, Google, Micro Focus, Oracle, ServiceNow, Broadcom, AWS, Flexera, ScienceLogic, and Puppet.
Geographically, the cloud systems management market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which include Latin America, and Middle East & Africa.
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