Capacity Management Market 2019 Global Applications, Recent Trends, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2023 | COVID-19 Impact
Capacity management systems enable an organization to manage resources efficiently. It has been reported in the assessment offered by Market Research Future MRFR that the global capacity management market is presumed to expand at 19.03% CAGR across the assessment period 2018 to 2023. It also unveils that the market is supposed to earn revenue worth USD 1568.48 Mn by the end of the review period. It is very essential to analyze the resources available in an organization to plan maximum output. This, in turn, is anticipated to drive the growth of the capacity management market in the foreseeable future.
These systems help in managing resources for current as well as foreseeable requirements. Thus, it plays a crucial role in effective decision making. Managers are getting aware of the advantages of these systems. These factors are expected to drive the growth of the capacity management market in the upcoming years. Also, the system ensures optimum utilization of resources at reduced costs. It is supposed to influence the capacity management market positively.
The development and adoption of advanced IT services are likely to boost demand for these systems. It facilitates the streamlining of complex IT resources, which is poised to support the proliferation of the capacity management market. The demand for cloud-based services is projected to increase six-fold by 2020. It is another factor responsible for the development of the capacity management market. The SMEs are gradually increasing the adoption of these systems. It is also poised to open growth channels for market players. Large enterprises are further poised to increase investments in capacity management market in the foreseeable future.
On the basis of component, the capacity management market size has been segmented into solutions and services. The sub-segments of the solution segment are storage capacity management, network capacity management, and application capacity management. The sub-segmentation of the services segment covers implementation and testing, support and maintenance, consulting, and training & education.
On the basis of organization size, the capacity management market has been segmented into small & medium enterprise, and large enterprise.
On the basis of deployment type, the capacity management market has been segmented into on-cloud and on-premise.
On the basis of vertical, the capacity management market has been segmented into BFSI, information technology (IT) and telecom, hospitality, transportation, manufacturing, retail, healthcare, government, and others (energy and utility, education, and oil & gas).
The geographical analysis of the global capacity management market has been offered in this MRFR study. In this study, the market, on the basis of region, has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). These regional segments are also sub-segmented on the basis of countries. North America is anticipated to dominate the global capacity management market. Presence of key players such as VMware, IBM, etc. is poised to catalyze market expansion in the upcoming years. Also, the region is well-known for its advanced technologies and IT infrastructure. It is projected to boost the growth rate of the capacity management market in the region. Asia Pacific is also expected to grow significantly owing to the rising investments in IT services. The rising growth of the IT industry in the region is forecasted to play a crucial role in market development. Europe is supposed to grow on account of increasing adoption of the system by small & medium sized enterprises. It is poised to mark a steady CAGR over the assessment period.
IBM (US), VMware (US), BMC Software (US), NetApp (US), Aspire Technology (Ireland), CA Technologies (US), HelpSystems (US), Nlyte Software (US), Riverbed Technology (US), and Syncsort (US) are few of the key players of the capacity management market. Other important players are TEOCO (US), Sumerian (Scotland), and HPE (US).