The global cloud system management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period, to reach USD 31.4 billion by 2025 from USD 10.6 billion in 2020. Increased productivity, reduced time and costs, and enhanced focus on customer experience are expected to spur the demand for cloud system management offerings across the globe.
The cloud system management market includes major vendors, such as VMware (US), Microsoft (US), IBM (US), Cisco (US), BMC Software (US), New Relic (US), Splunk (US), ServiceNow (US), Dynatrace (US), Datadog (US), Google (US), Micro Focus (UK), Oracle (US), Broadcom (US), AWS (US), Flexera (US), ScienceLogic (US), Puppet (US), HPE (US), Turbonomic (US), Apptio (US), Chef (US), Densify (US), Riverbed (US). The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as VMware, Microsoft, IBM, Cisco, and BMC Software have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the cloud system management market.
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VMware is one of the leading players in the cloud system management market. The company primarily focuses on cloud management monitoring, analytics, and automation and professional services for this market. It is focused on organic and inorganic strategies to strengthen its capabilities for this market. Under organic growth strategies, VMware has launched vRealize Operations Cloud and VMware Cloud Foundation (VCF) 4cloud system management. For inorganic growth, it is focused on partnerships, collaborations, and acquisitions to increase its footprint in the market. For instance, it acquired Pivotal and Veriflow to expand cloud monitoring and network monitoring capabilities. The recent partnerships, acquisitions, and business expansions imply that the company is tapping the opportunities in the cloud system management market and is keen to deliver technologically advanced solutions and services. These partnerships will help VMware enhance its offerings and expand its expertise.
Microsoft has been working extensively toward becoming an exclusive device vendor, security provider, and cloud services-oriented firm. It primarily intends to improve the technology usage experience for both personal and commercial clients. The company aims to provide customers with economical and convenient product offerings integrated with the latest technological solutions and services. Microsoft focuses on both organic and inorganic business growth strategies to maintain its position in the cloud system management market. As a part of inorganic growth strategies, it has partnered with Genesys, SAS, and Oracle for better innovation of cloud management solutions. The company is also focused on partnerships, collaborations, and acquisitions. For instance, it acquired Affirmed Networks and Movere to strengthen its cloud management software capabilities.
Cloud System Management Market by component (IT Operations Management (ITOM), IT Service Management (ITSM), and IT Automation and Configuration Management (ITACM)), deployment model, organization size, vertical, and region - Global Forecast to 2025
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