Configuration Management Market, By Component (Software, Services),to witness market growth at a rate of 14.60%

The configuration management market is expected to witness market growth at a rate of 14.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on configuration management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The penetration of Internet of Things (IoT) globally is escalating the growth of configuration management market.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-configuration-management-market

Configuration Management (CM) refers to a suit of interrelated processes, management techniques and supporting tools for ensuring an enterprise is making appropriate business decisions, all the work products are performing desired tasks and carrying out correct actions at every point in the lifecycle. The management consists of updates and the versions for software packages coupled with locations and network addresses of hardware devices.

The rise in the demand for automated management of IT resources across various verticals acts as one of the major factors driving the growth of configuration management market. The demand of efficient change and configuration management system because of the complexity of the products and services, and integration of electrical, mechanical, firmware and software components and surge in need for simplification and synchronization of IT resources accelerate the market growth. The rise in the adoption of the configuration management owning to its ability to define and enforce formal policies and procedures governing status monitoring, auditing and asset identification, and the increase in the popularity of management for providing stability, control and enhanced efficiencies by improving visibility and tracking, further influence the market. Additionally, advent of digital technologies, high adoption of configuration system within software and rapid digitization positively affect the configuration management market. Furthermore, potential combination of configuration management tools with the DevOPs approach and increase in demand for agile systems extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, diverse application in an enterprise and third party integrations, acquisitions and collaborations are the factors expected to obstruct the market growth. GUI development problem for large amounts of data is projected to challenge the configuration management market in the forecast period of 2021-2028.

Key Players Analysis:

The major players covered in the configuration management market report are Microsoft, Amazon Web Services, Inc., Oracle, BMC Software, Inc., IBM, Alibaba Cloud, CA Technologies, Red Hat, Inc., CloudBees, Inc., Micro Focus, Northern.tech AS, Canonical Ltd., SaltStack, Inc., Octopus Deploy, JetBrains s.r.o., Hewlett Packard Enterprise Development LP, and ServiceNow among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Configuration Management Market Scope and Market Size

The configuration management market is segmented on the basis of component, deployment type, module, organization size and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.    

On the basis of component, the configuration management market is segmented into software and services.

On the basis of deployment type, the configuration management market is segmented into on premise, and cloud based.

On the basis of module, the configuration management market is segmented into service catalog, configuration management database (CMDB), service definition and others.

On the basis of organization size, the configuration management market is segmented into large enterprises, and small and medium-sized enterprises (SMEs).

On the basis of vertical, the configuration management market is segmented into BFSI, IT and telecom, government and defense, healthcare, education, retail, manufacturing, and others.

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