Cloud Management Platform Market Research Report - Global Forecast till 2027

Global Cloud Management Platform Market Research Report: by Component (Solution and Services), by Solution (Automation and Orchestration, Governance and Compliance, Performance Monitoring, Security Solution, Cost Management), Services (Professional Services, Managed Services), Deployment Mode (Hybrid Cloud, Public Cloud, Private Cloud), Organization Size (SMEs and Large Enterprises), by Industry Vertical (BFSI, IT & telecom)  and Region (North America, Europe, Asia-Pacific, Middle East and Africa South America) - Forecast till 2027

ID: MRFR/ICT/6471-HCR | February 2021 | Region: Global | 111 pages

Cloud Management Platform Market Overview:
The Global Cloud Management Platform Market will grow by 18.4%. The bring- your-device trend is making the cloud management platform popular. The on-premises solution was useful for many organizations. However, today, the cloud-based solution makes management tasks effortless. From regular to the IT enterprise the cloud platform is highly beneficial. The cloud management platforms offer operational efficiency. Also, it increases the productivity of the organisation. Handling and managing data is quick and easy with cloud management. The dependence on the cloud management platform is high in today businesses.

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. 

Market Dynamics:
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. 

Market Growth Opportunities:
Technological advancements will raise the Cloud Management Platform Market Growth opportunities. The launch of hybrid cloud infrastructure will provide exceptional benefits to the market. The adoption rate of the hybrid cloud platform will be immense during the forecast period. The low initial cost is one of the crucial aspects that increase the hybrid cloud adoption rate. SME’s are expected to have demand for the hybrid cloud infrastructure. The flexibility, scalability, efficiency and high-end features will attract a wider customer base. The set-up and maintenance cost is much lower for hybrid cloud management.

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. 

The Market Restraints:
In recent years the business requirements and regulatory standards are constantly changing. The compliance need is versatile due to the business environment. Also, the concerns of cyber attacks and data breaches are immense for enterprises. The rising security requirements make it essential to follow compliance standards. The cloud management platform market requires complying with the regulatory standards of the organization.

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 Market Challenges:
Cloud computing is a cost-efficient and flexible service for any enterprise. Also, business efficiency is enhanced through cloud computing. There is a vast demand for cloud management from various verticals. Features such as sociability, efficiency and high productivity are the key reasons for the adoption of cloud computing. However, the cloud management platform deals with a massive amount of data.

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. 

Cumulative Growth Analysis:
The growth of the cloud management platform is surging during the forecast period. With higher adoption and demand, the market is developing faster. Demand from end-users such as the IT industry is driving the market demand. Also, the cost-efficiency of the platforms attracts many customers.

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. 

Value Chain Analysis:
Asia Pacific market will witness the highest demand for Cloud Management Platform Business. It will dominate the global market with the highest shares. The amount of skilled labour is high in this region. It increases the adoption rate of the cloud management platform. Also, the SME and large scale enterprises are the target audience in this region.

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:

  • Software as a service 

  • Infrastructure as a service 

  • Platform as a service 

By Deployment Mode:

  • Private cloud 

  • Public cloud 

By Organization Size:

  • Large scale enterprise 

  • Small-medium size enterprise 

By end-user:

  • Banking 

  • Health care and life science 

  • It 

  • Telecommunication 

  • Manufacturing 

  • Government and utilities 

  • Retail and consumer goods 

  • Media and entertainment 

Competitive Landscape:
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 

  • IBM

  • Microsoft

  • Adobe 

  • Salesforce

  • Workday

  • SAP

  • Google

  • AWS 

  • Mware

  • Cisco

  • Micro Focus

Recent Developments:
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 

Report Overview:

  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 8,182.2 Million (2018)
  • USD 26,767.0 Million (2024)
  •   CAGR   8.4% (2018-2024)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      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

  • 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. \r\n
  • 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.
  •   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.