Capacity Management Market Competitive Analysis by Key Vendors, Growth Factors, Development Status, and Forecast | Corona-Virus Impact
Capacity management is all about capitalizing on resources and maximizing their output. Any company thrives on it. The global capacity management market is expected to reach USD 1568.48 million with a CAGR of 19.03% during the forecast period (2018-2023). Market Research Future (MRFR) recently declared that the possibility for factors backing up the prospects of the market in the coming days is quite high.
Factors like the increasing adoption of cloud technology to minimize cost and improve work efficiency is playing in favor of the capacity management market. IT sectors need a better and effective method to streamline their resources. Hence, the capacity management market is gaining grounds. But the capacity management market can get dampened due to the high cost of the installation process. However, adoption of the technology in emerging economies is rising which can ensure good market prospect.
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The capacity management market is segmented, in the report published by MRFR, on the basis of component, organization size, deployment type, and verticals. MRFR’s attempt is to bring out the different aspects of the market by evaluating it on the basis of volume-based and value-based figures. These data provide substantial insight for the market understanding that eases the process of unravelling future prospects.
Based on the component, the capacity management market includes solutions and services. The solutions segment comprises storage capacity management, network capacity management, and application capacity management. The services segment of the market includes support & maintenance, consulting, implementation & testing, and training & education.
Based on the organization size, the capacity management market consists small & medium enterprise (SMEs), and large enterprise. In developing countries, SMEs are doing well in taking the market ahead.
Based on the deployment type, the capacity management market encompasses on-cloud and on-premise. Due to cost-effective features, the on-cloud segment is gaining much traction.
Based on the verticals, the capacity management market includes information technology (IT) & telecom, hospitality, healthcare, BFSI, transportation, government, manufacturing, retail, and others (energy and utility, education, and oil & gas). The BFSI segment, along with IT & telecom are experiencing high growth due to their demand for smoother workflow and easy acceptance.
North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW) are the four regions that have been included in the reading of the global capacity management market by MRFR. The aim is to uncover demographic nitty-gritty for a better future reference.
North America’s market percolation is the largest owing to which it generates the maximum amount of revenue. The regional market thrives on a superlative infrastructure which is further assisted by hike in investment for research and development. At the same time, integration of digitalization at every step is expected to push the market further ahead. The presence of companies like IBM, BMC Software, VMware, and others can take the market ahead. It’s IT resource optimization is another factor that can be of great importance for the understanding of the regional market.
The APAC market is anticipated to emerge as the fastest growing region during the forecast period. This relies mostly on the presence of several developing economies like India, China, Thailand, Singapore, and others. Japan’s developed economy is an added booster. The regional SMEs are engaging latest technologies for better result which is also providing greater scope for the market to expand.
Impacting companies in the capacity management market are IBM (US), BMC Software (US), VMware (US), NetApp (US), CA Technologies (US), Aspire Technology (Ireland), HelpSystems (US), Riverbed Technology (US), Nlyte Software (US), Syncsort (US), Sumerian (Scotland), TEOCO (US), and HPE (US). MRFR has profiled these companies in their report on the capacity management market and included their latest steps to percolate more. These steps often include mergers, acquisitions, product launch, and other methods and companies use them to stay ahead in the market with personal profits. However, that often initiate holistic market growth as well.
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