Configuration Management Market Research, Size And Analysis 2024-2033

"The new report published by The Business Research Company, titled ""Configuration Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the configuration management market size has grown rapidly in recent years. It will grow from $2.73 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. The configuration management market size is expected to see rapid growth in the next few years. It will grow to $5.95 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%.

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Cloud-Based Solutions Driving Growth In Configuration Management Market
The rising demand for cloud-based solutions is expected to propel the growth of the configuration management market going forward. Cloud-based solutions refer to software, services, or resources that are delivered, hosted, and accessed over the internet instead of on local hardware or servers. The rising demand for cloud services is due to its scalability, cost-effectiveness, accessibility, rapid deployment, reliability, and availability. Configuration management is used to manage and maintain cloud-based solutions by automating the provisioning, configuration, and maintenance of cloud resources while ensuring consistency, compliance, and reliability. For instance, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the rising need for automated management is driving the growth of the configuration management market.

Innovative CLM Solutions Addressing Product Complexity And Regulatory Compliance
Major companies operating in the configuration management market are developing cloud-based configuration lifecycle management platforms, such as the configit ace cloud14to address the increasing complexity of products and systems and meet compliance and regulatory requirements effectively. Configit ace cloud14 platform refers to a comprehensive software solution that manages all aspects of product configuration definitions and configurations across various business processes throughout the entire product lifecycle. For instance, in January 2023, Configit Ace, a Denmark-based software company, introduced a cloud-based configuration lifecycle management (CLM) platform, configit ace cloud14. This platform is designed to help businesses master product complexity by aligning every business function that touches configured products, from engineering and sales to manufacturing and service, to one single source of configuration truth. Additionally, it offers features such as reliability, scalability, integration capabilities, a single source of truth, compliance, global availability, support, scalability, cost savings, and efficiency to help businesses effectively manage complex products and systems.

The configuration management market covered in this report is segmented -

1) By Component: Solution, Service, Enterprise Size
2) By Module: Configuration Management Database (CMDB), Service Catalog, Service Definition, Other Modules
3) By Application: Managed Services, Professional Services
4) By Vertical: Banking, Financial Services, And Insurance (BFSI), Retail And Consumer Goods, Transportation, Energy And Utility, Healthcare, Manufacturing , Other Verticals

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Major companies operating in the configuration management market are Amazon Web Services Inc., Microsoft Corporation, Alibaba Cloud Platform, International Business Machine Corporation, Oracle Corporation, Hewlett Packard Enterprise Development LP, VMware Inc., ServiceNow Inc., Red Hat Inc., Micro Focus, Atlassian Inc., BMC Software Inc., Progress Software Corporation, HashiCorp Inc., GitLab Inc., JetBrains s.r.o., Canonical Ltd., Chef Software Inc., Cloud Bees Inc., Northern.tech AS, CA Technologies, Octopus Deploy, Puppet Labs, Codenvy Inc., SaltStack Inc., Broadcom Inc., CFEngine AS

Contents of the report:
1. Executive Summary
2. Configuration Management Market Report Structure
3. Configuration Management Market Trends And Strategies
4. Configuration Management Market - Macro Economic Scenario
5. Configuration Management Market Size And Growth
…..
27. Configuration Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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