Latest Cloud System Management Market Report- Growth Rate of 24.1% | Segmented into ITOM, ITSM,and ITACM

The global cloud system management market size is expected to grow from USD 10.6 billion in 2020 to USD 31.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period.

Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of offices, schools, and enterprises have increased the demand for cloud solutions and services. The cloud system management market in verticals such as IT, telecom, BFSI, and media and entertainment has impacted positively due to the work from home initiative. Employees are using cloud collaboration platforms for communicating and consuming OTT streaming services heavily as they need to stay at home amidst lockdowns.

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Top Company Profile Analysis in this Report
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 report segments the global cloud system management market by component, the cloud system management market has been segmented into ITOM, ITSM,and ITACM. By the deployment model, the cloud system management market has been segmented into on-premise and cloud. Based on organization size, the market has been classified into Small and Medium-sized Enterprises (SMEs) and large enterprises. By vertical, the cloud system management market has been classified into Banking, Financial Services and Insurance (BFSI); telecommunications; IT and Information Technology-enabled Services (ITeS); government and public sector; retail and consumer goods; manufacturing; energy and utilities; media and entertainment; healthcare and life sciences; and others (education, travel and hospitality, and transportation and logistics). By region, the market has been segmented into North America, Europe, APAC, MEA, and Latin America.

The IT and ITeS vertical has experienced significant growth in recent years. In their constant struggle to manage the reducing margins, ITeS companies have taken several steps, such as business process and IT outsourcing, infrastructure sharing, and revenue assurance, to reduce their operating costs and increase their revenues. To ensure the effectiveness of these steps, it is important to ensure the effectiveness of the IT services supporting these steps. In the ITeS industry, cloud management is done in a complex manner where the prime focus is on the customer’s needs rather than the businesses. Cloud system management solutions are helping organizations’ IT to mature to the level of IT governance aligned with the overall corporate strategy, which would further drive business performance. Hence, it is important to have an effective cloud ITSM framework to satisfy the growing expectations of customers. Furthermore, the increased use of smartphones and tablets across organizations has enabled employees to work remotely.

North America is the most mature market in terms of cloud system management solutions adoption, due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise. APAC is expected to offer significant growth opportunities for cloud system management solutions vendors during the forecast period. Rapid advancements in emerging technologies, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt cloud system management solutions.

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Key Benefits of Buying the Report
The report will help the market leaders/new entrants in the cloud system management market with information on the closest approximations of the revenue numbers for the overall cloud system management market and the sub segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stake holders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents in this Report-
1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gdp Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting The Global Economy
Figure 5 Scenarios In Terms Of Recovery Of Global Economy
1.4 Study Objectives
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered
1.7 Currency
Table 1 Usd Exchange Rate, 2017–2019
1.8 Stakeholders
1.9 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 6 Cloud System Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Break-Up Of Primary Profiles
Figure 7 Break-Up Of Primary Interviews: By Company, Designation, And Region
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
2.3 Market Size Estimation
Figure 8 Cloud System Management Market: Top-Down And Bottom-Up Approaches
2.3.1 Top-Down Approach
Figure 9 Market Size Estimation Methodology – Approach 1 (Top-Down): Share Of Cloud System Management In Overall It Market
2.3.2 Bottom-Up Approach
Figure 10 Market Size Estimation Methodology – Approach 2 (Bottom-Up): Revenue Generated By Vendors From Each Segment
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Research Assumptions
2.6 Study Limitations

3 Executive Summary
Figure 11 Cloud System Management Market Snapshot, 2019–2025
Figure 12 Market: Top Segments
Figure 13 It Operations Management Segment To Hold Largest Market Size In 2020
Figure 14 Bfsi Vertical To Hold Largest Market Size In 2020
Figure 15 Market: Regional Snapshot

4 Premium Insights
4.1 Attractive Growth Opportunities In Cloud System Management Market
Figure 16 Increased Infrastructure Investment And Upgradation By Enterprises And Emergence Of Ai And Analytics-Enabled Solutions To Drive Market Growth
4.2 Market: By Component, 2020 Vs 2025
Figure 17 It Operations Management Segment To Hold Largest Market Share In 2020
4.3 Market: By Deployment Model, 2020 Vs 2025
Figure 18 On-Premises Segment To Hold Largest Market Share In 2020
4.4 Market: By Vertical, 2020 Vs 2025
Figure 19 Bfsi Segment To Hold Largest Market Share In 2020
4.5 Market Regional Scenario, 2020–2025
Figure 20 Asia Pacific To Emerge As Best Market For Investments In Next 5 Years

and more...

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