ID: MRFR/ICT/6471-HCR | February 2021 | Region: Global | 111 pages
Further, the customized services of the cloud suit every organization needs. The adoption rate of the cloud management platform will increase at an exponential pace in the forecast period. Also, there are both cloud management solutions and services. The cloud platform is flexible and intuitive for businesses. The SME segment is expected to witness high profits. Also, the scalability, efficiency cost benefits are higher in this segment. Companies are increasing their investments in cloud management platforms. All these factors will have a massive impact on the Cloud Management Platform Market Sales.
Cloud Management Platform Market Covid Analysis:
Covid 19 has a damaging impact several global platforms. Today, many enterprises are adopting work from home. Due to this, the demand for the SaaS platform is continuously growing. The top company such as Microsoft is witnessing a high number of subscribers during this period. The demand for these platforms is rising rapidly. Also, it is raising the demand for cloud management platforms. The adoption of cloud management is high during this period. Due to the flexibility and scalability many enterprises prefer cloud platforms.
Also, the cloud management platform is increasing the efficiency of the companies. However, there are some challenges due to covid. The market operations are disturbed due to the pandemic. Also, the deployment issues affected the overall growth. All these factors are contributing to positive Cloud Management Platform Market Trends.
Crucial Market Drivers:
Earlier the on-premises solutions were primary management platforms for the enterprises. However, most organisations have concerns about the high initial cost and maintenance cost of these platforms. Further, the staff and the downtime were additional costs. There are plenty of difficulties with the on-premise platform. However, cloud management platforms come with an efficient initial cost. Also, the concerns about downtime and maintenance are less in cloud management. Due to these benefits, the key players of the market are rapidly adapting to the cloud platform.
The competition in the market and economic situations are favourable for the cloud management platform. The adoption of cloud management platforms by many organisations is a crucial driver for the market. Further, the virtualized workloads are another factor driving the demand for the cloud management platform. Virtualized workloads are common in the IT industry. Managing these virtual workloads with any other platform is highly difficult. However, managing this visual workload is effortless with clouds. The ease of data management and extracting analytics is quick through cloud management. These entire drivers will raise Cloud Management Platform Market Profit.
The hybrid cloud comes with workload management. The security standards are high in the new age cloud infrastructure. DevOps integration is one of the featured developments in a hybrid infrastructure. With high growth opportunities, the profitability of the market will be massive in the forecast period. More than the launch the adoption of cloud management will be advantageous to the overall market growth. Large enterprises, IT companies, healthcare and retail are the key end-users excepted to adopt the hybrid cloud platform.
These standards are certain that can lead to difficulties in deployment. The compliance standards prevent damages, losses, cyber-attacks for an organization. However, when deploying the cloud management platform all these factors can delay the process. Also, more time and energy is required for deployment.
The amount of stored data is massive. Also, much of sensitive data is under cyber attacks. With the high volume of data, the cyber threats are high. Cyber attacks can be damaging to any business. Loss of data and revenue losses are some of the concerns of end-users. Due to this market challenge, the adoption rate can decline in upcoming years.
However, data breaches and cyber-attacks are serious challenges in this market. The need to comply with regulatory standards is another factor that slows down the deployment rate. Further, the adoption of a hybrid cloud will bring favourable opportunities to the market. As per the Cloud Management Platform Market Analysis, the growth rate will remain surging in 20224.
The public cloud market segment will experience immense demand. Also, it is a region that will enhance its digital initiatives in the forecast period. There is a high need to develop agility in this region. Also, the adoption of the cloud will help to satisfy customer needs. All these factors lead to high cloud management platforms profits in Asia pacific.
Cloud Management Platform Market Segment Overview:
By Service Model:
By Deployment Mode:
By Organization Size:
Acquisition and R&D are the key strategies in the competitive landscape. The Cloud Management Platform Market Leaders will make plenty of developments. Also, the launch of hybrid cloud management is the future of the market. Due to this, there are market expansions and partnership possibilities in the market.
Cloud Management Platform Market Regional Analysis:
North America will dominate other regional players in the cloud management platform. The higher adoption rate will lead to high demand. Further, there is a wide range of large enterprises in this region. The well-established players will make massive developments. Further, hybrid cloud will have demand in this region.
The Asia Pacific will witness the fastest growth rate in the forecast period. The high use of the SaaS platform will drive market growth. Further, the increasing rate of digitization plays a crucial part in high demand. Europe will witness significant demand in the forecast period. All the regional players will witness the highest revenue rates in 2024.
The key players of the cloud management platform market are
The key players are expanding the cloud platform management market in the Middle East and Africa regions. More than nine zones in this region have high availability of cloud platforms.
Microsoft is introducing industry-specific cloud management. Especially for the healthcare industry, it is launching a high-end cloud platform
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Component, by Solution|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cisco Systems Inc., (US), VMware, Inc (Dell Technologies) (US), Citrix Systems Inc. (US), HP Enterprise Development LP (US), BMC Software, Inc. (US), Embotics Corporation (US), CloudBolt Software, Inc. (US), RightScale, Inc. (US), HyperGrid™ (US), MORPHEUS DATA, LLC. (US), Scalr, Inc (US), ServiceNow (US), DivvyCloud (US), RackWare (US), Turbonomic Inc, (US).|
|Key Market Opportunities||
|Key Market Drivers||Some of the factors driving the cloud management platform market growth include the need for businesses to have greater control over the IT spendings, adoption of heterogeneous and multimodal IT service delivery environment, rapid deployment of virtualized workloads, and improved operational efficiency.|
Frequently Asked Questions (FAQ) :
By platform the market is segmented into customer management platform, cloud based platform, software-as-a-service based platform and business to business cloud platform.
The leading players in the marketing cloud platform market are – Adobe Systems Incorporated (U.S.), Oracle Corporation (U.S.), Salesforce.Com (U.S.), International Business Machines Corporation (U.S.), Cision Ab (Sweden), Etrigue Corporation (U.S.), Hatchbuck (U.S.), Hubspot (U.S.), Infusionsoft (U.S.), Leadsquared (India) among others.
North America is the leading market for marketing cloud platform, owing to the adoption of advanced marketing techniques in enhancing business and increase adoption of analytics by organization in cloud marketing platform.
Major factors driving the marketing cloud platform market include the growing adoption of content marketing software for personalized marketing and customer engagement, increased use of social media for advertising, development of the mobile marketing platform due to an increasing use of smart mobile devices, and the emergence of location-based marketing.
The large and small and medium size enterprise are utilizing the cloud platform in order to get various benefits from its features which includes flexibility and robustness and this can be utilized in their internal business operation. With the evolution in technology such as content management, cloud computing, and analytics. The global cloud computing market has advanced from marketing tools to marketing automation platforms in recent years, which serves as an opportunity for the market in the future.