Configuration Management Market may reach to $3.3 billion by 2024

According to a new market research report "Configuration Management Market by System (Software and Application, Storage, and Server), Module (CMDB, Service Catalog, and Service Definition), Component (Solution and Services), Enterprise Size, End-use Vertical, and Region - Global Forecast to 2024"published by MarketsandMarkets™, the configuration management market size projected to grow from $1.6 billion in 2019 to $3.3 billion by 2024, at a CAGR of 15.1% from 2019 to 2024. Major growth drivers for the market include the growing need for automated management of IT processes.

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Configuration management solution to hold a larger market size during the forecast period

With the help of a configuration management solution, developers can easily multitask and ensure that codes are not overwritten by other developers and maintain a history of all the changes made during the product’s lifetime. Tracking and authorizing change during the development stage can also be handled easily with the solution.

Configuration management database (CMDB) module to hold the largest market size during the forecast period

CMDB is considered to be the backbone of configuration management and is usually integrated by third-party solution vendors. CMDB is a full-fledged database that encompasses all the relevant information about software and hardware components deployed with an organization’s IT services. It offers a highly organized visual of configuration data and resources to examine the data from any required perspective.

North America to hold the largest market size during the forecast period

The configuration management market in North America is expected to grow significantly due to the increasing demand for agile IT infrastructures driven by the emergence of digital technologies. Moreover, the region is actively controlled by government standards and regulations, leading to a more controlled environment of rapid and disruptive innovations. Additionally, North America is the home for key configuration management solution providers, such as Microsoft, IBM, Oracle, and AWS.

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Market Players

Major vendors covered in the configuration management market include Microsoft (US), AWS (US), Oracle (US), BMC Software (US), IBM (US), Alibaba Cloud (China), CA Technologies (US), Puppet (US), Ansible (US), Chef (US), Micro Focus (UK), CloudBees (US), Northern Tech AS (Norway), Canonical (UK), SaltStack (US), Octopus Deplot (Australia), JetBrains (Czech Republic), Codenvy (US), and ServiceNow (US).

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