The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Cloud Management Platform Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cloud Management Platform Global Market Report 2024, The cloud management platform market size has grown rapidly in recent years. It will grow from $16.08 billion in 2023 to $18.79 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to need for resource optimization, focus on automation and orchestration, security and compliance concerns.The cloud management platform market size is expected to see rapid growth in the next few years. It will grow to $37.58 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%.
The increasing cybersecurity threats are expected to drive the growth of the cloud management platform market in the coming years. Cybersecurity threats encompass hostile actions or potential dangers that target networks, computers, and digital data to gain unauthorized access, disrupt operations, cause damage, or steal information. Cloud management platforms (CMPs) play a vital role in bolstering cybersecurity by overseeing and regulating security measures across various cloud environments, including public, private, and hybrid clouds. This enables quicker detection and response to potential threats. For example, in November 2022, according to the Australian Signals Directorate’s Australian Cyber Security Centre, the number of cybercrime reports exceeded 76,000, marking a 13% increase over the previous fiscal year. This equates to one complaint every 7 minutes, compared to one every 8 minutes in the preceding fiscal year. Consequently, the escalating cybersecurity threats are spurring the growth of the cloud management platform market.
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The cloud management platform market covered in this report is segmented –
1) By Component: IT Operations Management (ITOM), IT Service Management (ITSM), IT Automation And Configuration Management (ITACM)
2) By Deployment Mode: Private Cloud, Public Cloud, Hybrid
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Verticals: BFSI, Telecommunications, IT And ITeS, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare
Top Major Players
Google LLC,
Microsoft Corporation,
Dell Technologies Inc.,
Amazon Web Services Inc.,
Turbonomic Inc.
The cloud management platform market report table of contents includes:
1. Executive Summary
- Cloud Management Platform Market Characteristics
- Cloud Management Platform Market Trends And Strategies
- Cloud Management Platform Market – Macro Economic Scenario
- Global Cloud Management Platform Market Size and Growth
- Cloud Management Platform Market Segmentation
- Cloud Management Platform Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Cloud Management Platform Market
- Cloud Management Platform Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cloud Management Platform Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cloud Management Platform Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cloud Management Platform Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Google LLC Financial Performance
Table 76: Microsoft Corporation Financial Performance
Table 77: Dell Technologies Inc. Financial Performance
Table 78: Amazon Web Services Inc. Financial Performance
Table 79: Turbonomic Inc. Financial Performance
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