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Change and Configuration Management Market Insights | Key Players : IBM (U.S.), Microsoft (U.S.), HP (U.S.), CA Technologies (U.S.), ServiceNow (U.S.), BMC Software (U.S.) and AWS (U.S.)

01-17-2019 02:00 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Change and Configuration Management Market Insights | Key

According to recent research "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", The change and configuration management market size is estimated to grow from USD 1.21 Billion in 2016 to USD 2.04 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 11.0%.

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Factors such as simplified management of IT resources in a complex IT ecosystem has increased its application across various industry sectors and is driving the change and configuration management market.

The software segment for change and configuration management market is expected to hold the largest market size during the forecast period.

An IT ecosystem is composed of physical aspects as well as logical aspects such as source codes, requirement documents, reports, test cases, test scripts, and more. Change and configuration management software can enable administrators to control the complex processes involved in the management of this ecosystem and streamline them. The benefits arising from the usage of these software are improved compliance with regulations, higher productivity, and lower costs, to name a few.

The SME market for change and configuration management is expected to grow at the highest CAGR during the forecast period.

There is always a strain on resources for SMEs, in such a scenario the extent of flexibility and automation allowed for by configuration management tools can be highly beneficial. Effective change and configuration management policies can also be beneficial when partnering with larger organizations, as they might expect such practices to be in place while considering companies to partner with to reduce their overheads.

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Rapid adoption of change and configuration management practices due to a strong and well established economy makes North America the largest market in terms of global share.

The North American region contains developed countries, which have a deep-rooted infrastructure, thus favoring the huge demand in change and configuration management market. Top contributing countries to the change and configuration management market in North America include the U.S. and Canada. The cause for the dominance of these countries is their well-established economies, which allow for investments in new technologies. The change and configuration management market is expected to rise significantly, due to the increasing demand for agile IT infrastructures driven by emergence of digital technologies.

The major vendors in the change and configuration management market include IBM (U.S.), Microsoft (U.S.), HP (U.S.), CA Technologies (U.S.), ServiceNow (U.S.), BMC Software (U.S.), AWS (U.S.), Chef Software Inc. (U.S.), Ansible (U.S.), Codenvy (U.S.), and Puppet (U.S.) among others.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

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MarketsandMarkets™ INC.
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