Cloud Management Platform Market Size -Share, Growth, Trends, Covid-19 Impact, And Forecast (2020- 2027)
Cloud Management Platform Market Size Scenario:
The sudden challenges created by the ongoing COVID-19
are captured effectively to exhibit the long term growth projections in the
MRFR report on Cloud Management Platform Market Size. The growth sectors of the
Cloud Management Platform Market Size are identified with precision for a
better growth perspective.
The global Cloud Management Platform Market Size is expected to exhibit a strong 18.4% CAGR over the forecast period
from 2020 to 2027, according to the latest research report from Market Research
Future (MRFR). The global Cloud Management Platform Market Size was valued at
USD 8.1 billion in 2020 and is expected to rise to a valuation of more than USD
26.7 billion by 2027, according to the report.
Cloud management platforms comprise a set of
integrated software tools that enable enterprises to monitor and control cloud
computing resources. The growing usage of cloud resources by major enterprises
around the world has been a major driver for the global Cloud Management
Platform Market Size. Cloud resources have been used in increasing amounts by
enterprises across industrial sectors due to the increasing viability and
utility of cloud resources. Cloud resources allow enterprises to store and use
data in a secure manner, as well as increasing the overall storage capacity.
The increasing generation of digital data in enterprises around the world has
led to a growing usage of cloud technology around the world. This has been a
major driver for the Cloud Management Platform Market Size over the last few
years. The increasing security of cloud protocols has also been a major driver
for cloud technology over the last few years, as data security has emerged as a
major concern in recent years.
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Competitive Outlook:
Leading players in the global Cloud
Management Platform Market Size include Puppet, Amazon Web Services (AWS),
Dynatrace, Splunk Inc., Turbonomic Inc., RackWare, DivvyCloud, ServiceNow,
Scalr Inc., Morpheus Data LLC, HyperGrid, RightScale Inc., CloudBolt Software
Inc., Embotics Corporation, BMC Software Inc., HP Enterprise Development LP,
Citrix Systems Inc., VMware Inc. (Dell Technologies), and Cisco Systems Inc.
Inorganic growth strategies such as collaborations and partnerships have been
highly popular in the Cloud Management Platform Market Size and are likely to
remain a key factor in the growth of the Cloud Management Platform Market Size
over the forecast period.
Segmentation:
· The global Cloud Management
Platform Market Size is segmented on the basis of component, deployment mode,
organization size, vertical, and region.
· By component, the global Cloud
Management Platform Market Size is segmented into solutions and services.
· By deployment, the global Cloud
Management Platform Market Size is segmented into private cloud, public cloud,
and hybrid cloud.
· By organization size, the
market is segmented into SMEs and large enterprises.
· By end use vertical, the
global Cloud Management Platform Market Size is segmented into IT and telecom,
BFSI, government and defense, healthcare, energy and utilities, retail and
ecommerce, and others.
Regional
Analysis:
North America is
the major regional market for cloud management platform technology and is
likely to retain its dominance over the forecast period. Many of the leading
players in the Cloud Management Platform Market Size are located in the U.S.,
which is likely to remain the leading regional market for cloud management
platform technology over the forecast period.
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