Global Cloud Systems Management Software Market Primarily Driven by BFSI Sector

Published Date : Dec 04, 2017

ALBANY, New York, Dec 4, 2017 announces the availability of a new intelligence study in its repository, titled “Cloud Systems Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” The report, developed by a group of professional and experienced research analysts, aspires to serve as a reliable business tool for its targeted audiences such as cloud vendors, application design and development service providers, system integrators and migration service providers, consultancy firms, data integration service providers, managed service providers, and data quality service providers. The report provides an elaborated overview of the current scenario of the market for cloud systems management software and its future prospects, explores various dynamics such as trends, opportunities, restraints, and drivers, segments the market into smaller aspects, gauges the potential of every important region and country, and profiles some of the key companies who are leading the market.

As per the findings of the report, the demand in the global cloud systems management software market will increment at a notable CAGR during the forecast period of 2016 to 2024. Some of the key factors that will augment the demand for cloud systems management software are: easy integration of complex and heterogeneous cloud environments, increasing need to avoid vendor lock-in, and rising adoption of hybrid cloud. Vendor lock-in relates to a situation wherein the cost of switching from customer products and services to different are high. Cloud systems management software not only minimizes the risk of disruptions, it also improved the internal business process and provide additional operational efficiency in order to gain advantage over the competitors.

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These software basically offer a framework of management that can control cloud operations and automation as per the desired orientation. Configuration management, cloud automation, workload scheduling, event and problem management, and cloud performance are some of the major applications of cloud system management software.

Currently, a number of large and medium enterprises are focused on launching their own separate cloud framework in order to security cater to their internal storage and computing requirements. With these software, enterprises can offer improved speed and quality of delivery, reduced investment on manual tasks, improved accuracy, and incremented business performance. Moreover, enhancements in network structure in cloud-based systems have led to the expansion of customized applications and services. In addition to that, these services include consulting, implementation, support, and maintenance.

On the other hand, complexities involved in application portability, growing security concerns after numerous recent malware attacks, complexities in redesigning the network, and the lack of technical proficiency among a large number of enterprises are some of the factors that are obstructing the prosperity of the global cloud systems management software market. Nevertheless, the vendors operating in this market are expected to gain new opportunities from the increasing number of enterprises who are using the benefits of cloud management and new business avenues for Msps.

On the basis of solution, the cloud systems management software market has been segmented into operation management, change & configuration management, performance management, workload scheduling, problem management, automation management, and incident management. Based on services, the market has been bifurcated into professional services and managed services. On the basis of end-users, the global cloud systems management market is categorized into education, banking, financial services, and insurance (BFSI), government and public sector, health care and life sciences, consumer goods and retail, manufacturing, telecommunication and ITES, media and entertainment, and others.

Some of the key players currently operating in a fragmented competitive landscape of the global cloud systems management software market are: HP Development Company, L.P., BMC Software, Inc., IBM Corporation, CA Technologies, Microsoft Corporation, Cisco Systems, Inc., VMware, Inc., Oracle Corporation, and Red Hat, Inc.

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