Cloud Management Platform Market-2023 Exploring Future Growth Potential, New Developments, Company Performance and Forecast 2032

The Cloud Management Platform Global Market Report 2023 by The Business Research Company, provides cloud management platform market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032. 

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According to The Business Research Company’s Cloud Management Platform Global Market Report 2023, the market size will grow from $14.24 billion in 2022 to $17.15 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud management platform is expected to grow to $35.2 billion in 2027 at a CAGR of 19.7%.

The growing adaptability of cloud computing technology is expected to propel the growth of the cloud management platform. Cloud computing aims to improve internet-based database capabilities and scalability while lowering costs and risks. Organizations use cloud computing, or remote computers hosted on the Internet, to store, manage, and process essential data. These improvements and uses provide distribution of computing services such as servers, networking, software, analytics, storage, databases, and intelligence through the Internet to provide faster innovation, more flexible resources, and cost savings.

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The cloud management platform market is segmented:

1) By Component: IT Operations Management (ITOM), IT Service Management (ITSM), IT Automation And Configuration Management (ITACM)

2) By Deployment Mode: Private Cloud, Public Cloud, Hybrid

3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises

4) By Verticals: BFSI, Telecommunications, IT And ITeS, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare

The use of a multi-cloud management platform is a key trend in the cloud management platform market. It is a set of services that work together to address the issues associated with multi-cloud deployments for simplified hybrid IT management. The multi-cloud management platform includes application identification and dependency mapping, migration planning, capacity optimization, cloud cost control, cloud security automation, increased performance and availability, and intelligent IT service management. These functionalities ease the workflow process and decrease the operational cost for the company. For instance, in October 2020, Oracle, a US-based computer software company, launched multi-cloud observability and management platform. This combines a comprehensive set of management, diagnostic, and analytics services to assist customers in removing the complexity, risk, and cost associated with a fragmented approach to managing multi-cloud.

Top Major Players

BMC Software,

IBM,

VMware,

New Relic

Splunk

The cloud management platform market report table of contents includes:

1. Executive Summary
2. Cloud Management Platform Market Characteristics
3. Cloud Management Platform Market Trends And Strategies
4. Cloud Management Platform Market – Macro Economic Scenario
5. Cloud Management Platform Market Size And Growth
6. Cloud Management Platform Market Segmentation
7. Cloud Management Platform Market Regional And Country Analysis

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28. Key Mergers And Acquisitions In The Cloud Management Platform Market
29. Cloud Management Platform Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion

Table 3: Global Cloud Management Platform Market, Segmentation By Componenet, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 4: Global Cloud Management Platform Market, Segmentation By Deployment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 5: Global Cloud Management Platform Market, Segmentation By Organization size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

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Table 47: BMC Software Financial Performance

Table 48: IBM Financial Performance

Table 49: VMware Financial Performance

Table 50: New Relic Financial Performance

Table 51: Splunk Financial Performance

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