Press release
Configuration Management Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Configuration Management
How Big Is the Configuration Management Market Size Expected to Be by 2034?
The size of the configuration management market has experienced a swift expansion in recent times. Its size is projected to increase from $3.19 billion in 2024 to $3.73 billion in 2025, with a compound annual growth rate (CAGR) of 17.1%. The notable growth observed in the past is largely due to the increasing acceptance of configuration management owing to its capacity to set and implement formal policies. Other contributing factors include its growing fame for ensuring stability, control, and improved efficiencies, along with the escalating digitalization, the requirement for immediate monitoring and analytics, and the demand for hybrid and multi-cloud management.
In the coming years, the configuration management market is projected to expand swiftly. Its anticipated valuation by 2029 is around $6.94 billion, with a compound annual growth rate (CAGR) of 16.7%. The prospective expansion during the projected period can be attributed to several factors such as the escalating demand for automated management, simplification and synchronization of IT resources, adoption of configuration management solutions, digital transformation initiatives, as well as an emphasis on the availability and reliability of service. The key trends of the forecast period will be the software's adoption of the configuration system, the rise of digital technologies, the integration of mechanical, electrical, firmware, and software components, a surge in demand for automated IT resource management, and the adoption of LaC tools.
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What Are the Emerging Segments Within the Configuration Management Market?
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
Subsegments:
1) By Solution: Software, Cloud-Based, On-Premises
2) By Service: Professional Services, Managed Services
3) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
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What Long-Term Drivers Are Shaping Configuration Management Market Trends?
The configuration management market is set to expand owing to the growing demand for cloud-based solutions. Cloud-based solutions are services, software, or resources that are hosted, delivered, and accessed through the internet rather than using local hardware or servers. The escalating demand for such services can be attributed to their scalability, cost-effectiveness, high accessibility, swift deployment, dependability, and availability. Configuration management plays a crucial role in managing and maintaining these cloud-based solutions by automating the processes of provisioning, configuration, and maintenance of cloud resources while ensuring consistency, compliance, and regularity. For example, a UK government body, according to the European Commission, stated that in December 2023, the percentage of EU companies purchasing cloud computing services surged by an additional 4.2 percentage points compared to 2021. Hence, the growing requirement for automated management paves the way and drives the expansion of the configuration management market.
Who Are the Top Competitors in Key Configuration Management Market Segments?
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
What Configuration Management Market Trends Are Gaining Traction Across Different Segments?
Leading organizations in the configuration management market are progressing towards the development of cloud-based configuration lifecycle management platforms, like the configit ace cloud14, in order to handle the growing intricacy of products and systems while also effectively addressing regulatory and compliance requirements. The platform of configit ace cloud14 signifies a holistic software solution that overlooks all factors of product configuration specifications and configurations across assorted business procedures throughout the entire product lifecycle. For example, in January 2023, Configit Ace, a software firm situated in Denmark, launched a configuration lifecycle management (CLM) platform known as configit ace cloud14 that is cloud-based. The platform's purpose is to assist companies in handling product complexity by lining up every business function that interacts with configured products, from engineering and sales to manufacturing and service, to a single configuration truth. Moreover, it grants features like dependability, scalability, integration features, a unique source of truth, compliance, global availability, support, scalability, cost savings, and efficiency, which are essential for businesses to successfully manage intricate products and systems.
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Which Regions Are Becoming Hubs for Configuration Management Market Innovation?
North America was the largest region in the configuration management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the configuration management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Configuration Management Market?
2. What is the CAGR expected in the Configuration Management Market?
3. What Are the Key Innovations Transforming the Configuration Management Industry?
4. Which Region Is Leading the Configuration Management Market?
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