Global Change And Configuration Management Market Expected to Achieve 11.1% CAGR by 2029: Growth Forecast Insights

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What Will the Change And Configuration Management Industry Market Size Be by 2025?
In recent years, the market size for change and configuration management has experienced substantial growth. Predictions suggest an increase from $2.3 billion in 2024 to $2.57 billion in 2025, marking a compound annual growth rate (CAGR) of 11.9%. Factors contributing to this growth during the historic period include escalating IT complexity, the increasing rate of software releases, soaring downtime and error costs, adoption of IT service management (ITSM) frameworks, and a high demand for scalability.

What's the Long-Term Growth Forecast for the Change And Configuration Management Market Size Through 2029?
The market size of change and configuration management is projected to experience substantial expansion in the coming years, predicting a rise to $3.92 billion in 2029 with a compound annual growth rate (CAGR) of 11.1%. The anticipated growth within this forecast period can be attributed to factors such as the progress in AI and machine learning, the expansion of Hybrid and multi-cloud environments, the adoption of zero-trust security principles, the usage of edge computing and internet of things (IoT), and the shift towards self-service and automation. Noteworthy trends during the forecast period encompass integration with devOps practices, the focus on hybrid and multi-cloud environments, ongoing compliance and governance, the adoption of infrastructure as code (IaC) principles, and the embrace of infrastructure as code (IaC) principles.

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What Are the Key Growth Drivers Fueling the Change And Configuration Management Market Expansion?
The anticipated surge in the change and configuration management market can be attributed to escalating risk management and security worries. Risk management entails the detection, evaluation, and mitigation of potential dangers that could impede an organization's objectives. Simultaneously, security concerns predominantly revolve around the protection of assets and information from illegal access, breaches, or harm. The escalation in risk management and security worries can be associated with increasing cyber threats, regulatory mandates, and the rising intricacy of IT environments. To conform to security standards and guidelines, organizations can use change and configuration management processes to document modifications, monitor configurations, and ensure procedural change control, consequently reducing the risk of incurred penalties or legal consequences. For example, AAG IT Services, a UK-based IT support service company, revealed that in 2022, 39% of UK companies were victims of cyberattacks. Notably, in the first half of the same year, 53.35 million individuals in the US were affected by cybercrime. As such, the escalating concerns related to risk management and security are propelling the growth of the change and configuration management market.

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What Are the Key Trends Driving Change And Configuration Management Market Growth?
Leading businesses in the change and configuration management market are innovating by creating advanced products like web-based plan configuration management tools to improve management for complex health plan offerings over various business sectors. Web-based plan configuration management tools are software applications that allow companies to manage IT infrastructure changes and applications with a central repository for configuration items and associated relationships. In August 2023, US-based healthcare software provider, Health Edge, introduced HealthRules Promote, a web-based plan configuration management tool. The distinctive element of HealthRules Promote is its capability to quickly test configuration changes using an easy-to-understand web-based interface, all within a few minutes. With this feature, Health Rules Promote enables health plans to rapidly adjust and remain resilient in the face of member, provider, regulatory, and competitor challenges in the fast-paced healthcare industry. Additionally, the tool provides unbeatable integrity in configuration and promotional procedures, ensuring maximum reliability and consistency.

How Is the Change And Configuration Management Market Segmented?
The change and configuration managementmarket 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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Which Companies Are Leading the Charge in Change And Configuration Management Market Innovation?
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 Regions Are Leading the Global Change And Configuration Management Market in Revenue?
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.

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