Cloud Systems Management Software Market: Clear Understanding of The Competitive Landscape and Key Product Segments

The global market for cloud systems management software is expected to register a notable CAGR over the period between 2016 and 2024. The market will benefit massively from the vast rise in adoption of a variety of cloud-based services across a number of industry verticals and the advantages of cloud systems management software in terms of enabling the easy integration of heterogeneous and complex cloud settings. The rising adoption of hybrid cloud and the pressing need to avoid customer or proprietary lock-in are also act as growth drivers for the market.

A large number of small and large enterprises are focused on the introduction of their own cloud frameworks so as to securely cater to their internal computing and data storage and processing requirements. With the help of sophisticated cloud systems management software products, enterprises could improve their quality and speed of delivery, bring down the cost involved in undertaking manual tasks, and improve business performance and accuracy.

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Cloud system management software is a management framework that controls cloud operations and automation as per the desired orientation. The major applications offered by the cloud system management software includes cloud automation, configuration management, workload scheduling, cloud performance, and event and problem management. It also provides flexibility to manage, monitor, and enhance the resource management for organizations reliant on business requirements.

At present, various enterprises are developing their separate cloud framework to cater to their internal storage and computing requirements. The cloud system management software solutions are primarily used by the enterprises for operation management. They also offer enhanced speed and quality of delivery, improved accuracy, reduction in time-consuming manual tasks, and increased business performance.

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The global cloud systems management software market is experiencing growth owing to factors such as growing adoption of hybrid cloud, easy amalgamation of heterogeneous and complex cloud environments, and a growing requirement to avoid vendor lock-in. Vendor lock-in is a situation in which high switching costs are required for the transition of customers’ products and services to other vendors. Cloud systems management software have the capability to minimize the risk of disruption, enhance internal business process, increase operational efficiency, and gain competitive advantage.

The adoption of cloud systems management software is mainly driven by factors such as rising demand for automation and the reduction of managerial overheads. However, enterprises face several difficulties while implementing cloud systems management software, such as increasing threats of security breach in cloud systems and complications involved in application portability. These are the factors anticipated to restrain the growth of the cloud systems management software market.

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North America is anticipated to be the leading cloud systems management software market and it is anticipated to dominate the market during forecast period. This is primarily due to the rapid adoption of novel and developing technologies, huge investments in R&D, the availability of proficient technical knowledge, and the existence of a large number of players in the region. However, Asia Pacific is also anticipated to deliver potential growth opportunities to stir the cloud systems management software market in the near term.

The market for cloud systems management software is highly fragmented with the presence of players such as HP Development Company, L.P., IBM Corporation, BMC Software, Inc., CA Technologies, Cisco Systems, Inc., Microsoft Corporation, VMware, Inc., Red Hat, Inc., and Oracle Corporation.

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