The configuration management Additionally, the market size for banking services was valued at market industry is projected to grow from USD 2.7 Billion in 2024 to USD 7.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) Of 13.4% during the forecast period (2024 - 2032). Additionally, the market size for configuration management was valued at USD 2.4 Billion in 2023.
Companies in this market provide configuration management products and services in response to the rising need for automated IT resource management across various industries are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
March 2023- Using a combination of products and services, both NTT DATA & VMware lately announced an expanded partnership to hasten the path to software-defined, massive Open RAN deployments. The businesses will work together even more to support the worldwide Communications Service Provider (CSP) sector's ongoing transition from conventional operations to more adaptable, cloud-smart strategies in the RAN. The collaboration's future work will centre on orchestration, multi-domain service management, and configuration management efficiency (SMO). By working together, NTT DATA and VMware hope to make it easier for CSPs to take advantage of best practices and Open RAN expertise for large-scale deployments, including the instantiation, configuration, testing, and operation of the cloud-native functions on either existing or new network deployments. NTT DATA and VMware are participants in the NTT DOCOMO-created 5G OREXTM, which has a lab where other CSPs can test and validate Open RAN and vRAN apps, platforms, and systems.
The increase in demand for automated administration of IT resources across various sectors is driving the market CAGR for configuration management. Because of the complexity of the products and services, and the integration of electrical, mechanical, firmware, and software components, as well as the spike in need for simplicity and synchronization of IT resources, the market is growing rapidly. The rise in configuration management adoption due to its ability to define and enforce formal policies and procedures governing status monitoring, auditing, and asset identification, as well as the rise in management popularity for providing stability, control, and enhanced efficiencies by improving visibility and tracking, all have an impact on the market.
Furthermore, the emergence of digital technologies, widespread acceptance of configuration systems inside software, and growing digitization all have a favorable impact on the configuration management market. Furthermore, the potential coupling of configuration management tools with the DevOPs strategy, as well as an increase in demand for agile systems, provide attractive opportunities to market participants from 2019 to 2030.
Diverse enterprise applications, as well as third-party integrations, acquisitions, and collaborations, are projected to stymie industry expansion. The GUI development difficulty for vast volumes of data is expected to be a challenge to the configuration management business between 2019 and 2030.
For instance, Kamatera Inc. provides a cloud application deployment tool, while CFEngine provides a configuration management solution that aids in the automation of a large number of computer systems. Puppet is a software configuration management solution that aids in the deployment, setup, and management of servers. Thus, Enterprises of all sizes utilize these technologies for effective configuration management market revenue.
The configuration management market segmentation, based on component includes solution and services. The configuration software and tools used by developers and IT staff are included in the solution segment. Professional and managed services provided by solution providers are included in the services section. These expert services range from support and maintenance to training and consultation. In 2022, the solution category held the greatest market share. The market is being driven by the widespread adoption of these solutions by numerous, highly regulated verticals to efficiently manage configuration processes.
Figure1: Configuration Management Market, by component, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The configuration management market segmentation, based on vertical, includes BFSI, retail 8 consumer goods, transportation, energy & utility, healthcare, manufacturing and other. The IT & telecommunications section had the biggest share in 2022 and is anticipated to hold the top spot throughout the projection period. Additionally, the telecommunication and ITS vertical has been experiencing daily innovations and the adoption of new technologies at a rapid rate. In order to seamlessly integrate with new applications and solutions, IT infrastructures in both industries must be highly scalable and flexible due to the speed of these innovations.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America dominates the configuration management market because to its well-established economy, which allows firms to invest in change and configuration management software within the area. Because of increased knowledge of the benefits of change and configuration management systems in the region, Asia-Pacific is predicted to expand the fastest during the projection period of 2019 to 2030.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2:CONFIGURATION MANAGEMENT MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europeconfiguration management market accounts for the second-largest market share due to the rise of digital technologies and the resulting rise in demand for agile IT infrastructures. Further, the German configuration management market held the largest market share, and the UK configuration management market was the fastest growing market in the European region
The Asia-Pacific Configuration Management Market is expected to grow at the fastest CAGR from 2023 to 2030.This can be attributed to the industry's quick adoption of cloud computing technology as well as growing awareness of agile and devops techniques. Moreover, China’s configuration management market held the largest market share, and the Indian configuration management market was the fastest growing market in the Asia-Pacific region.
For instance, the State Council's Development Research Center forecasts that China's cloud computing market will reach USD 42.3 billion by 2023. (DRC). From its market value in 2018, this has increased by more than three times. During this period, it is anticipated that more than 60% of the nation's businesses and government agencies will use cloud computing on a regular basis.
Leading market players are making significant R&D investments to broaden their product portfolios, which will spur further market expansion for configuration management. Market participants are also engaging in a range of strategic initiatives to broaden their worldwide reach. Significant market developments include new product launches, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. The configuration management industry must provide affordable products if it is to grow and thrive in a market that is becoming more competitive and challenging.
Producing locally to reduce operating costs is one of the most important business strategies adopted by manufacturers in the configuration management industry to serve clients and expand the market sector. In recent years, the configuration management industry has delivered some of the most significant advances to medicine. HP Development Company LP, BMC Software Inc., Oracle, Puppet Labs, Chef Software Inc., and others are major players in the configuration management market. Because these large corporations control the market, it is consolidated. As a result, market concentration is expected to be significant.
Microsoft Corporation is a worldwide technology company with its main office in Redmond, Washington. The Windows family of operating systems, the Microsoft Office package, and the Internet Explorer and Edge web browsers are among Microsoft's most well-known software offerings. The Xbox video gaming consoles and the Microsoft Surface range of touch screen personal PCs are its two main hardware offerings. Microsoft, the largest software maker in the world by sales as of 2019, was ranked No. 21 in the 2020 Fortune 500 rankings of the biggest American firms. Together with Alphabet (Google), Amazon, Apple, and Meta, it is one of the Big Five American technological firms (Facebook). In May 2020, Microsoft revealed intentions to rename current update channels as well as the creation of a new monthly update channel for businesses utilizing the Microsoft 365 Apps service, formerly known as Office 365 ProPlus. Using Microsoft's most recent setup and administration tools, which will take into account the new channel name changes in June 2020, is also advised.
The Hewlett Packard Enterprise Company (HPE) is an American information technology corporation headquartered in Spring, Texas. HPE was created on November 1, 2015, in Palo Alto, California, as part of the Hewlett-Packard Company’s separation. It is a company that specializes in servers, storage, networking, containerization software, and consultancy and support. In May 2020, Aruba, a Hewlett Packard Enterprise business, announced the integration of Aruba Clear Pass Policy Manager with Microsoft endpoint protection solutions to bring substantial breakthroughs in enterprise cyber attack prevention. Aruba has completed Clear Pass Policy Manager integration, testing, and verification with Microsoft Endpoint Manager, a unified management platform that combines Configuration Manager and Microsoft In tune.
January 2023 - Configit recently revealed the availability of Configit Ace® as a cloud service, the industry's top platform for Configuration Lifecycle Management (CLM). Any IT system can be integrated with the cloud-based CLM platform, which is vendor-neutral. With the aid of Configit Ace Cloud, complex products, systems, & services supporting design, manufacture, development, sales, and support can be configured end-to-end across the entire organization.
Manufacturers and service providers may retake control with Configit Ace because of its scalable, dependable enterprise-grade platform and ability to offer a single source of truth for product configuration data.
The on-premises installations of Configit Ace are functionally equivalent to the cloud-based CLM service, giving clients the option of cloud-based or on-premises deployment of its CLM solution.
As manufacturers realize the advantages of less investment in IT infrastructure, resources, maintenance, and time, they are fast migrating manufacturing & engineering systems such as Product Lifecycle Management & Enterprise Resource Planning to the cloud. Cloud solutions offer top-notch security, instant access for new users wherever they may be, and the flexibility to grow capacity and performance as necessary.
Customers who need to manage extremely complex products & systems can adopt Configit Ace Cloud. Configit Ace Cloud, which is hosted on Microsoft Azure, benefits from the scalability, security, and dependability that Azure offers, as well as business continuity & disaster recovery.
Solution
Service-Managed and Professional)
Enterprise Size
BFSI
Retail 8 Consumer Goods
Transportation
Energy & Utility
Healthcare
Manufacturing and other
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 2.4 billion |
| Market Size 2024 | USD 2.7 billion |
| Market Size 2032 | USD 7.4 billion |
| Compound Annual Growth Rate (CAGR) | Â 13.4% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component , Vertical and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | IBM Corporation, Amazon Web Service Inc., Red Hat Inc., Microsoft Corporation, CA Technologies, HP Development Company LP, BMC Software Inc. |
| Key Market Opportunities | Due to inexpensive deployment and maintenance costs, cloud-based setup is becoming more popular. |
| Key Market Dynamics | This market's vendors provide configuration management products and services. As new digital technologies emerge, there is a growing need for systems that are adaptable and scalable. |
Configuration Management Market Highlights:
Frequently Asked Questions (FAQ) :
The configuration management market size was valued at USD 2.4 Billion in 2023.
The market is projected to grow at a CAGR of 13.4% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Microsoft Corporation, CA Technologies, HP Development Company LP, BMC Software Inc., Oracle, Puppet Labs, Chef Software Inc., Atlassian, Micro Focus and others.
The solution configuration management category dominated the market in 2023.
The IT & telecommunications had the largest share in the market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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