The appearance of hybrid cloud systems and a need to reduce enterprise IT costs are contributing to strong market growth.
London, 01 May 2014: TechNavio, the independent tech-focused global research firm, has published a list of top vendors in the Global Cloud System Management Software Market, which is posting a CAGR of 32.51 percent from 2013-2018.
TechNavio analysts pinpoint increasing adoption of hybrid cloud services as a major driver behind this growth.
“More and more enterprises are setting up private cloud infrastructure to cater to their internal computing and storage requirements. When computing requirements exceed the capacity of the private cloud, services are procured from the public cloud service providers; this adds the complication of the integration of private and public cloud, leading to the emergence of hybrid cloud infrastructure,” says Faisal Ghaus, Vice President of TechNavio.
“Cloud system management software solutions facilitate easy and efficient integration of cloud infrastructure with existing computing infrastructure, which is driving the Global Cloud System Management Software market.”
He also cites the need to reduce enterprise IT service costs and the automation of cloud-based services as two other factors directly impacting market growth.
New Cloud System Management Vendors Entering the Market
According to the TechNavio report, this growth is attracting many new players to the Global Cloud System Management Software Market, who are keen of providing innovating and efficient solutions to end-users. Major cloud system management solution vendors are collaborating with cloud service providers and delivering customized computing solutions, which is also driving market growth.
Some key vendors in the market include:
- BMC Software Inc.
- CA Technologies
- IBM Corp.
- VMware Inc.
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 System Management Software Market please send an e-mail to media@TechNavio.com.
https://www.technavio.com/%3Cul%3E%3Cli%3E%3Cstrong%3EFollow%20us%20on%20…
