The Configuration Management Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Configuration Management Software Global Market Report 2024, The configuration management software market size has grown rapidly in recent years. It will grow from $12.76 billion in 2023 to $14.84 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increasing adoption of DevOps practices, rising complexity in IT infrastructure, need for efficient change management, focus on regulatory compliance, shift towards cloud-based solutions.
The configuration management software market size is expected to see rapid growth in the next few years. It will grow to $27.32 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to increasing number of software releases, emphasis on scalability and flexibility, enhanced security requirements, rise of agile software development, efforts to reduce time-to-market. Major trends in the forecast period include demand for automation in software development, demand for version control and tracking, integration of continuous integration or continuous deployment (CI/CD) pipelines, demand for real-time monitoring and reporting, adoption of AI and machine learning in software development.
A growing focus on digital transformation is expected to propel the growth of the configuration management software market going forward. Digital transformation encompasses the integration of digital technologies into all areas of a business, fundamentally changing how the organization operates and delivers value to customers. Digital transformation is growing because it enables organizations to enhance efficiency, improve customer experiences, and stay competitive in an increasingly digital marketplace. Configuration management software is required for digital transformation because it ensures consistent and reliable management of IT resources, enabling seamless integration, automation, and agility needed to drive and sustain digital initiatives. For instance, in April 2023, according to the UK Office for National Statistics, a UK-based non-ministerial department, businesses in the non-financial sector made $499.97 (£459.2) billion in website sales in 2021, a 28.8% increase compared to 2019. In 2021, UK website sales were predominantly driven by businesses with 1,000 or more employees, totaling $297.02 (£272.8) billion and comprising 59.4% of the overall UK website sales. Therefore, the growing focus on digital transformation is a driver for the configuration management software market.
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The configuration management software market covered in this report is segmented –
1) By Type: Software, Services
2) By Development Model: On-Premises, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Application: Banking Financial Services And Insurance (BFSI), Education, Retail, Healthcare, Information Technology (IT) And Telecom, Government, Other Applications
Major companies operating in the configuration management software market are developing technologically advanced solutions, such as SaaS solutions, to enhance flexibility and scalability for managing complex configurations efficiently. A Software as a Service (SaaS) solution is a cloud-based service where software applications are delivered over the internet, allowing users to access and use the software through a web browser without needing to install or maintain it on their local devices. For instance, in June 2024, Configit, a Denmark-based company that develops software-based products and solutions for configuration lifecycle management, launched the Configit Ace 6.5. Configit Ace offers configuration lifecycle management (CLM)-as-a-service, a software-as-a Service (SaaS) solution that facilitates comprehensive management of product variants and configurations across the entire lifecycle of the product portfolio within enterprises. The unique feature of Configit Ace 6.5 is its capability to centralize configuration logic from diverse enterprise systems into a standardized format compatible with any system supporting open API interfaces. This includes functionalities for testing and validating product models and rules, detecting conflicts, and resolving data duplication issues preemptively, ensuring robust and secure integration into product configuration applications.
The configuration management software market report table of contents includes:
1. Executive Summary
2. Configuration Management Software Market Characteristics
3. Configuration Management Software Market Trends And Strategies
4. Configuration Management Software Market – Macro Economic Scenario
5. Global Configuration Management Software Market Size and Growth
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32. Global Configuration Management Software Market Competitive Benchmarking
33. Global Configuration Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Configuration Management Software Market
35. Configuration Management Software Market Future Outlook and Potential Analysis
36. Appendix
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