Configuration Management Market Growth, Industry Overview, Competitive Analysis, Key Players Review and Forecast To 2027
Market Research Future (MRFR) expects the configuration management market 2020 to expand at a rate of 13.4% between 2019 and 2025 (appraisal period). The worldwide market is all set to touch a decent valuation of USD 3.7 Billion by 2025-end, adds MRFR. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
Key Boosters and Main Restraints
Following the SARS-CoV-2 outbreak and the consequent lockdown, various companies have adopted work from home practice. However, this has increased the importance of ensuring proper running of the systems, in light of the rising adoption of cloud services. The COVID-19 outbreak has brought forth a number of challenges for various enterprises across all the industries, as the need to bring down the operational cost has soared massively since the pandemic has resulted in significant revenue loss. Therefore, the demand for configuration management tools and services has increased among companies that want to better analyze the overall cost of ownership in the IT environment.
For instance, in June 2020, ServiceNow, after understanding that the help desks require more advanced features and tools since the onset of the novel coronavirus has acquired Sweagle, which is a configuration management vendor located in Belgium. The acquisition is expected to help ServiceNow to enable its DevOps team to deliver infrastructure and application changes faster and also bring down the risk factor, which can also help mitigate the COVID-19 impact on the company.
Furthermore, introduction and rising popularity of cloud computing in recent years has been favorable for the software configuration management market, with many of these tools being used for managing cloud-based virtual resources, such as storage units, software bundles and virtual appliances. Apart from this, a mounting number of companies are now realizing the disadvantages of depending on ad-hoc or patchwork systems and tools for configuration management. As a result, their preference for configuration management tools such as CHEF, Puppet, SALTSTACK and Juju has increased, resulting in better market growth across the globe.
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The Configuration Management industry has been considered for component, enterprise size and vertical.
The components outlined in the study are solution as well as services. The solution-wise segments are configuration tools/software that are extensively used by IT personnel and developers. The services covered are professional along with managed services, which are provided by solution providers.
The ranges depending on the enterprise size include SMEs/small & medium enterprises as well as large enterprises. Between 2019 and 2025, the fastest growth rate is anticipated to be registered by the SMEs segment.
The key verticals given in the report are manufacturing, IT & telecommunication, energy & utilities, retail & consumer goods, transportation, healthcare, defense & military, BFSI/banking, financial services and insurance, and more. In 2018, the biggest share in the global market belonged to the IT & telecommunication segment, which can be the case even during the evaluation period.
The configuration management market has been geographically considered for Asia Pacific/APAC, the Middle East & Africa, South America, Europe and North America.
North America is currently the market leader, in terms of size, thanks to the continuous developments in the IT infrastructure and the expansive pool of tech giants like BMC Software, Oracle and Microsoft Corporation. The software configuration management market here has been thriving on the back of the rising consumption of cloud or virtual-based tools among enterprises. Also, while the world is racing to find a COVID-19 breakthrough, many of the companies in North America are partnering with technology giants to build industrial digitalization technologies that can mitigate the impact of SARS-CoV-2 on their businesses and supply chains. This can be a favorable situation for the regional market in the forthcoming period.
Europe has clinched the second position in the global market, led by Germany, the UK, Spain, Italy and France. Out of these, the UK holds the highest position to take the lead in the regional market, followed by Germany as well as France. The high adoption rate of the cloud computing technology and the accelerated practice of flexible and DevOps in the region has induced business growth.
Leading Industry Vendors
Puppet Labs, Microsoft Corporation, IBM Corporation, Micro Focus, Amazon Web Service Inc., Chef Software Inc., CA Technologies, Alibaba Cloud, Atlassian, HP Development Company LP, CloudBees Inc., Oracle, BMC Software Inc., Red Hat Inc., SaltStack, are some of the leading industry vendors.
Tripwire Inc., a leading cybersecurity solutions vendor has added the security support feature in its Tripwire Configuration Manager. This latest application is expected to enable organizations in efficiently managing the security aspect of their highly complex cloud environment.
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Global Configuration Management Market Research Report: By Component (Solution, Service-Managed and Professional), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Vertical (BFSI, Retail 8 Consumer Goods, Transportation, Energy & Utility, Healthcare, Manufacturing and other) and Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) - Forecast till 2024
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