- The Cloud System Management Market is Booming with a CAGR of 32.51 percent.
TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Cloud System Management Market. The report analyses the significant market growth and outlines several drivers and trends impacting the market, including hybrid cloud infrastructure and a shifting focus to PaaS Solutions among enterprises.
Cloud management involves various low cost and high reliability software and technologies designed for the efficient operation and delivery of applications and computing services to enterprises and end-users.
The industry is seeing more integration of private and public cloud infrastructure, as enterprises are initially setting up private infrastructure to cater to their internal computing and storage requirements, and procuring services from public cloud service providers when computing requirements exceed the capacity of the private cloud.
“This is hybrid infrastructure is creating some unique challenges for the market. Cloud system management software solutions facilitate easy and efficient integration of the cloud infrastructure with existing computing infrastructure, which is driving the Global Cloud System Management Software market,” say senior TechNavio analysts.
Additionally, platform as a service (PaaS) is being widely adopted by enterprises to address the increasing complexity of platforms in the market. More enterprises are developing their own applications, which is creating a need for a common platform to support the various applications and services. Platforms like Microsoft Azure, Red Hat Open Shift, Salesforce Heroku, and Cloud Foundry are independent of the underlying computing hardware configuration, which enables them to be accessed using any end-user device.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Cloud Management System Market please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
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