There is an Increasing Need Among Enterprises to Adopt Capacity Management Solutions for Streamlining their Business Processes and Ensuring the Optimal Usage of their IT Resources
The growing technology and expansion of businesses across various industry verticals, such as Information Technology (IT), telecom , Banking Financial Services, and Insurance (BFSI), healthcare and life sciences, government and public, retail, and hospitality, are expected to be the major contributors to the capacity management market. Capacity management solutions aim to optimize the use of IT by analysing current usage pattern. Another factor that is expected to increase the adoption of capacity management is the increasing application performance to meet customer expectations. In this report, MarketsandMarkets forecasts the global capacity management market size to grow from USD 597.5 Million to USD 1.557.9 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
The renowned vendors in the capacity management market include IBM (US), BMC Software (US), CA Technologies (US), NatApp (US), and Riverbed Technology (US). These players have adopted various strategies, such as partnerships, business expansions, agreements, mergers and acquisitions, and new product developments, to expand their footprints in the capacity management market.
IBM and BMC Software are the 2 key players that have adopted both the organic and inorganic growth strategies for boosting their market shares. IBM has adopted the strategies that include new product launches, business expansions, mergers and acquisitions, and partnerships. The company acquired a hybrid cloud recovery and business software firm, Sanovi Technologies, in November 2016. This acquisition has enabled IBM to provide its disaster recovery, cloud migration, and business continuity software for enterprise data centers and cloud infrastructures. Moreover, the company also offers advanced analytics features to its clientele for boosting the company’s Software-defined Resiliency strategy.
BMC Software is also one of the leading players in the capacity management market. The company has adopted the strategies, such as new product launches, business expansions, partnerships, and collaborations. It has partnered with technology leaders to effectively cater to its global clientele. In 2016, BMC Software partnered with Turbonomic, a technology company in the cloud and virtualization space. With the increasing complexities of IT infrastructures, enterprises require real-time insights into their resource utilization. The combination of BMC Software’s TrueSight Capacity Optimization solution and Turbonomic’s automation platform would aid enterprises in undergoing a digital transformation, so that they can deliver enhanced application performance with optimum resource utilization.
The key players that are engaging in strategies, such as new product launches, business expansions, and partnerships, to provide innovative offerings and increase profitability. Some of the companies that have engaged in partnerships and business expansions in the capacity management market include IBM (US), BMC Software (US), CA Technologies (US), Riverbed Technology (US), Nlyte software (US), Sumerian (Scotland), and Syncsort (US)
Related Reports:
Capacity Management Market by Component (Solutions, and Services), Organization Size (Large Enterprise, and SMES), Deployment Type (Cloud, and On-Premises), Vertical (IT, Telecom, Healthcare, Manufacturing BFSI), and Region - Global Forecast to 2023
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