Various verticals such as BFSI, healthcare & life science, education, government & public sector, telecom and IT, retail, and consumer packaged goods through change and configuration management, would act as the main drivers for the growth of the service industry. However, the market of telecom and IT market is expected to have exponential growth in the market. MarketsandMarkets forecasts the change and configuration management market size to grow from USD 1.21 Billion in 2016 to USD 2.04 Billion by 2021, at a CAGR of 11.0%.
There are several renowned players in this market such as IBM Corporation (U.S.), Microsoft Corporation (U.S.), HP Enterprises (U.S.), CA technologies (U.S.), ServiceNow (U.S.), BMC Software (U.S.), AWS (U.S.), Chef Software (U.S.), Puppet (U.S.), Ansible by Red Hat (U.S.), and Codenvy (U.S.). These players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the change and configuration management market.
IBM Corporation is one of the leading players in the change and configuration management market. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It entered into various expansion and acquisition with local as well as global players. For instance, in August 2016, IBM opened a new cloud datacentre in Korea. This has helped the company to cater to the growing cloud demand by customers in the region. In September 2015, the company IBM acquired StrongLoop, a leading provider of application development software provider. This acquisition has helped to extend the enterprise reach using IBM Cloud.
Microsoft Corporation is another major provider of the change and configuration management market. The company has adopted organic strategy by developing a product in July 2016, named as system centre configuration management manager, offers enhanced features of security and data protection, application management, content distribution, deployment & provisioning, end user experience, and also advanced functionality for customers using configuration manager in hybrid mode with Microsoft Intune.
Change and Configuration Management Market by Components (Software and Services), Deployment (Cloud and On-premise), Organization Size (SME and Enterprises), Vertical, and Region - Global Forecast to 2021
Markets and Markets
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