Press release
Change And Configuration Management Market Poised for 12 % Growth, Set to Hit 6.68 Billion by 2029
Change And Configuration Management Market Size
The change and configuration management market has grown rapidly in recent years. It is expected to increase from $2.3 billion in 2024 to $2.58 billion in 2025, reflecting a CAGR of 12.4%. This growth is driven by the rapid growth of IT complexity, increasing software release frequencies, escalating costs due to downtime and errors, the adoption of IT service management (ITSM) frameworks, and the demand for scalability.
The change and configuration management market will reach $4.07 billion by 2029 at a CAGR of 12.0%. Growth is attributed to AI/ML advancements, the expansion of hybrid and multi-cloud environments, and the rise of edge computing and IoT. Trends include integration with DevOps practices, continuous compliance, and the adoption of infrastructure as code principles.
What Are the Key Drivers Behind the Growth of the Change And Configuration Management Market?
Rising risk management and security concerns are expected to propel the growth of the change and configuration management market. As cyber threats increase and IT environments become more complex, organizations are prioritizing risk management and security to protect their assets and data. Change and configuration management processes help companies comply with security standards and mitigate risks. For example, 39% of UK companies experienced a cyberattack in 2022, indicating the growing need for these management solutions.
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Who Are the Major Industry Players Fueling Change And Configuration Management Market Expansion?
Major companies operating in the change and configuration management market are Microsoft Corporation, Dell Technologies Inc., International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Amazon Web Services Inc., ServiceNow Inc., Red Hat Inc., Atlassian Corporation Plc, Micro Focus International Plc, BMC Software Inc., ManageEngine, QualiTest Group, SolarWinds Corporation, Ivanti Inc., HashiCorp Inc., Rocket Software Inc., JFrog Ltd., GitLab Inc., CloudBees Inc., CircleCI Inc., Octopus Deploy Pty. Ltd., SaltStack Inc., Clearvision Ltd.
Which Key Developments Are Influencing the Change And Configuration Management Market?
In the change and configuration management market, companies are focusing on the development of web-based plan configuration management tools to streamline the management of complex health plan offerings. In August 2023, Health Edge, a U.S.-based healthcare software provider, launched HealthRules Promote, a web-based plan configuration management tool. HealthRules Promote allows analysts to quickly test configuration changes in an intuitive web interface, helping health plans adapt to regulatory pressures and market dynamics while ensuring integrity in the configuration process.
How Is the Segmentation of the Change And Configuration Management Market Defined?
The change and configuration management market covered in this report is segmented -
1) By Component: Software, Services
2) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprise
3) By End-User: Banking, Financial Services, And Insurance (BFSI), Retail, Healthcare, Telecom And Information Technology (IT), Other End-User Industry
Subsegments:
1) By Software: Change Management Software, Configuration Management Software, Incident Management Software, Release Management Software, Automation And Workflow Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training Services
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What Is the Leading Region in the Change And Configuration Management Market?
North America was the largest region in the change and configuration management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the change and configuration management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Change And Configuration Management Global Market Report?
- Market Size Analysis: Analyze the Change And Configuration Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Change And Configuration Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Change And Configuration Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Change And Configuration Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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