Configuration Management Market Investment opportunities, Strategic Assessment, Trend Outlook and Key Findings
Market Highlights
Market Research
Future (MRFR) expects the configuration management market 2020 to expand at a
rate of 13.4% between 2019 and 2025 (appraisal period). The worldwide market is
all set to touch a decent valuation of USD 3.7 Billion by 2025-end, adds MRFR.
We will provide COVID-19 impact analysis with the report, offering detailed
market developments following the coronavirus disease outbreak.
Key Boosters and Main Restraints
Following the
SARS-CoV-2 outbreak and the consequent lockdown, various companies have adopted
work from home practice. However, this has increased the importance of ensuring
proper running of the systems, in light of the rising adoption of cloud
services. The COVID-19 outbreak has brought forth a number of challenges for
various enterprises across all the industries, as the need to bring down the
operational cost has soared massively since the pandemic has resulted in
significant revenue loss. Therefore, the demand for configuration management
tools and services has increased among companies that want to better analyze
the overall cost of ownership in the IT environment.
For instance, in June 2020, ServiceNow,
after understanding that the help desks require more advanced features and
tools since the onset of the novel coronavirus has acquired Sweagle, which is a
configuration management vendor located in Belgium. The acquisition is expected
to help ServiceNow to enable its DevOps team to deliver infrastructure and
application changes faster and also bring down the risk factor, which can also
help mitigate the COVID-19 impact on the company.
Furthermore,
introduction and rising popularity of cloud computing in recent years has been
favorable for the software configuration management market, with many of these
tools being used for managing cloud-based virtual resources, such as storage
units, software bundles and virtual appliances. Apart from this, a mounting
number of companies are now realizing the disadvantages of depending on ad-hoc
or patchwork systems and tools for configuration management. As a result, their
preference for configuration management tools such as CHEF, Puppet, SALTSTACK
and Juju has increased, resulting in better market growth across the globe.
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Segmentation:
The
Configuration Management industry has been considered for component, enterprise
size and vertical.
The components
outlined in the study are solution as well as services. The solution-wise
segments are configuration tools/software that are extensively used by IT
personnel and developers. The services covered are professional along with
managed services, which are provided by solution providers.
The ranges
depending on the enterprise size include SMEs/small & medium enterprises as
well as large enterprises. Between 2019 and 2025, the fastest growth rate is
anticipated to be registered by the SMEs segment.
The key
verticals given in the report are manufacturing, IT & telecommunication, energy
& utilities, retail & consumer goods, transportation, healthcare,
defense & military, BFSI/banking, financial services and insurance, and
more. In 2018, the biggest share in the global market belonged to the IT &
telecommunication segment, which can be the case even during the evaluation
period.
Regional Outlook
The
configuration management market has been geographically considered for Asia
Pacific/APAC, the Middle East & Africa, South America, Europe and North
America.
North America is
currently the market leader, in terms of size, thanks to the continuous
developments in the IT infrastructure and the expansive pool of tech giants
like BMC Software, Oracle and Microsoft Corporation. The software configuration
management market here has been thriving on the back of the rising consumption
of cloud or virtual-based tools among enterprises. Also, while the world is
racing to find a COVID-19 breakthrough, many of the companies in North America
are partnering with technology giants to build industrial digitalization
technologies that can mitigate the impact of SARS-CoV-2 on their businesses and
supply chains. This can be a favorable situation for the regional market in the
forthcoming period.
Europe has
clinched the second position in the global market, led by Germany, the UK,
Spain, Italy and France. Out of these, the UK holds the highest position to
take the lead in the regional market, followed by Germany as well as France.
The high adoption rate of the cloud computing technology and the accelerated practice
of flexible and DevOps in the region has induced business growth.
Leading Industry Vendors
Puppet Labs,
Microsoft Corporation, IBM Corporation, Micro Focus, Amazon Web Service Inc.,
Chef Software Inc., CA Technologies, Alibaba Cloud, Atlassian, HP Development
Company LP, CloudBees Inc., Oracle, BMC Software Inc., Red Hat Inc., SaltStack,
are some of the leading industry vendors.
Latest Developments
June 2020
Tripwire Inc., a leading cybersecurity
solutions vendor has added the security support feature in its Tripwire
Configuration Manager. This latest application is expected to enable
organizations in efficiently managing the security aspect of their highly
complex cloud environment.
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Global Configuration Management Market Research
Report: By Component (Solution, Service-Managed and Professional), Enterprise
Size (Large Enterprises and Small & Medium Enterprises), Vertical (BFSI,
Retail 8 Consumer Goods, Transportation, Energy & Utility, Healthcare,
Manufacturing and other) and Region (North America, Europe, Asia-Pacific,
Middle East, and Africa and South America) - Forecast till 2024
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