Cloud System Management Market Report by Component (Solution, Services), Deployment Model (Public, Private, Hybrid), Enterprise Size (Small and Medium Enterprise, Large Enterprise), End Use Industry (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, IT and Telecommunication, and Others), and Region 2024-2032

Cloud System Management Market Report by Component (Solution, Services), Deployment Model (Public, Private, Hybrid), Enterprise Size (Small and Medium Enterprise, Large Enterprise), End Use Industry (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, IT and Telecommunication, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3726
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Market Overview:

The global cloud system management market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 103.0 Billion by 2032, exhibiting a growth rate (CAGR) of 20.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 18.8 Billion
Market Forecast in 2032
US$ 103.0 Billion
Market Growth Rate 2024-2032 20.2%


Cloud system management refers to a web-based solution used for setup, configuration, monitoring and optimization of cloud infrastructure. It is deployed into an existing cloud environment as a virtual machine (VM) that consists of a database and a server. The server communicates with application programming interfaces (APIs) to connect the database and virtual resources on the cloud. It involves performance monitoring of the components, security, compliance, disaster recovery and contingency solutions. It is also utilized for storing the organization’s data on an offsite server by a third-party cloud data hosting vendor. As a result, cloud system management solutions find extensive applications across various industries, such as banking, financial services and insurance (BFSI), telecommunications, information technology (IT) and healthcare.

Significant growth in the information technology (IT) industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, widespread adoption of public, private and hybrid cloud environments by organizations is also driving the market growth. Cloud system management solutions can efficiently manage complex and multi-cloud strategies for enterprises with diverse operations. Moreover, due to the onset of the coronavirus pandemic (COVID-19), an increasing number of organizations are adopting remote working models, which, in turn, is facilitating the demand for these systems. Various technological advancements, such as the development of artificial intelligence (AI)-based tools for cloud management, are acting as other growth-inducing factors. AI-enabled cloud management solutions automate organizational functions and facilitate incident ticketing and knowledge reuse and provide enhanced security. Other factors, including an increasing preference for Software-as-a-Service (SaaS)-based delivery models, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud system management market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment model, enterprise size and end use industry.

Breakup by Component:

  • Solution
  • Services
     

Breakup by Deployment Model:

  • Public
  • Private
  • Hybrid
     

Breakup by Enterprise Size:

  • Small and Medium Enterprise
  • Large Enterprise
     

Breakup by End Use Industry:

  • BFSI
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • IT and Telecommunication
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services Inc. (Amazon), BMC Software Inc. (Boxer Parent Company Inc.), Broadcom Inc., Cisco Systems Inc., Dynatrace Inc. (Compuware), Datadog Inc., Flexera Software Ltd., Micro Focus International PLC, Microsoft Corporation, New Relic Inc., Oracle Corporation, Red Hat Inc. (IBM), Splunk Inc., Servicenow Inc. and Vmware Inc. (Dell Technologies).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Deployment Model, Enterprise Size, End Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon Web Services Inc. (Amazon), BMC Software Inc. (Boxer Parent Company Inc.), Broadcom Inc., Cisco Systems Inc., Dynatrace Inc. (Compuware), Datadog Inc., Flexera Software Ltd., Micro Focus International PLC, Microsoft Corporation, New Relic Inc., Oracle Corporation, Red Hat Inc. (IBM), Splunk Inc., Servicenow Inc. and Vmware Inc. (Dell Technologies)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global cloud system management market was valued at US$ 18.8 Billion in 2023.

We expect the global cloud system management market to exhibit a CAGR of 20.2% during 2024-2032.

The introduction of AI-enabled cloud management solutions that automate organizational functions and provide enhanced security is primarily driving the global cloud system management market.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of cloud system management systems to efficiently manage complex and multi-cloud strategies for enterprises with several operations, during the remote working scenario.

Based on the enterprise size, the global cloud system management market has been segregated into small and medium enterprise and large enterprise. Currently, large enterprise holds the largest market share.

Based on the end use industry, the global cloud system management market can be bifurcated into BFSI, healthcare and life sciences, retail and consumer goods, IT and telecommunication, and others. Among these, the BFSI industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cloud system management market include Amazon Web Services Inc. (Amazon), BMC Software Inc. (Boxer Parent Company Inc.), Broadcom Inc., Cisco Systems Inc., Dynatrace Inc. (Compuware), Datadog Inc., Flexera Software Ltd., Micro Focus International PLC, Microsoft Corporation, New Relic Inc., Oracle Corporation, Red Hat Inc. (IBM), Splunk Inc., Servicenow Inc., and Vmware Inc. (Dell Technologies).

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Cloud System Management Market Report by Component (Solution, Services), Deployment Model (Public, Private, Hybrid), Enterprise Size (Small and Medium Enterprise, Large Enterprise), End Use Industry (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, IT and Telecommunication, and Others), and Region 2024-2032
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