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Cloud Systems Management Software Market Worth 15.29 Billion USD by 2021


News provided by

MarketsandMarkets

11 Nov, 2016, 16:30 GMT

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PUNE, India, November 11, 2016 /PRNewswire/ --

According to a new market research report "Cloud Systems Management Software Market by Solution (Operations Management, Change & Configuration Management, Application Performance Management, Problem Management), Service, Deployment, Organization Size, Vertical, & Region - Global Forecast to 2021", published by MarketsandMarkets, the Cloud Systems Management Software Market size is estimated to grow from USD 3.95 Billion in 2016 to USD 15.29 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 69 market data tables and 58 figures spread through 148 pages and in-depth TOC on "Cloud Systems Management Software Market- Global Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/cloud-system-management-software-market-197839352.html
Early buyers will receive 10% customization on this report.

The demand for cloud systems management software is driven by the factors such as simplified integration of complex & heterogeneous cloud environments, increasing adoption of private & hybrid cloud among the enterprises throughout the globe, and enterprises' willingness to opt for required cloud services from different vendors in order to avoid vendor lock-in. With the increase in adoption rate of cloud systems management among the enterprises, the Cloud Systems Management Software Market is expected to gain major traction during the forecast period.

Operations management solution is expected to contribute the largest market share 

The operations management solution has gained importance over the years owing to the need for optimizing internal business process, minimizing risk of disruption, gaining competitive advantage, and increasing operational efficiency. This solution provides additional benefits such management of heavy workload, enhanced speed and quality of delivery, reduced time-consuming manual tasks, improved accuracy, and increased business opportunity.

Professional services are expected to have largest share of the market; while managed services to grow at the highest CAGR 

Professional services enable enterprises to choose the best possible solutions and services depending on the requirement of the businesses and their users. Vendors offering these services focus on improving the network performance, reducing the capital expenditure & operational expenditure, and ensuring end-to-end delivery & multivendor support. On the other hand, managed services segment is expected to grow at a higher CAGR as it helps enterprises focus on core business activities and improve operational efficiency. Managed services delivers service quality and enhanced end user experience while delivering speed, cost optimization, and quality of service.

North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest 

North America is expected to hold the largest market share and dominate the Cloud Systems Management Software Market from 2016 to 2021, owing to availability of proficient technical expertise, large investments in research & development, early adoption of new & emerging technologies, and presence of large number of players in this region. The APAC region is in the initial growth phase; however, it is the fastest-growing region for the global cloud systems management software market. The key reasons for the high growth rate in APAC are increased spending on IT infrastructure, rising cloud-based applications, and growing demand for automation of processes & in region.

The major vendors in the Cloud Systems Management Software Market are VMware Inc. (Palo Alto, California, U.S.), IBM Corporation (Armonk, New York, U.S.), Microsoft Corporation (Redmond, Washington, U.S.), HP Enterprise Company (Palo Alto, California, U.S.), Cisco Systems, Inc. (San Jose, California, U.S.), BMC Software (Houston, Texas, U.S.), Oracle Corporation (Redwood City, California, U.S.),  Red Hat, Inc. (Raleigh, North Carolina, U.S.),  CA Technologies (New York City, New York, U.S.), and ServiceNow, Inc. (Santa Clara, California, U.S.).

Inquire about the Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=197839352

Browse Related Reports 

Cloud Orchestration Market by Service Type (Cloud Service Automation, Reporting & Analytics, Training, Consulting & Integration, and Support & Maintenance), Application, Deployment Model, Organization Size, Vertical, & Region - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/cloud-orchestration-market-121240924.html

Cloud-Based ITSM Market by Solution (Service Portfolio Management, Change & Configuration Management, Service Desk Software, Operations & Performance Management, Dashboard, Reporting, & Analytics), Service, Vertical, & Region - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/cloud-based-itsm-market-261087410.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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