Configuration Management Market Research Report- Forecast till 2025
Market Highlights
Global Configuration Management Market is expected to reach USDrn3.7 Billion by 2025, registering a CAGR of 13.4% duringrnthe forecast period 2019–2025. In this report, Market ResearchrnFuture (MRFR) includes the segmentation and dynamics of the market to offer a betterrnglimpse of the coming years.
With the ever-increasing demand for comprehensive business operation,rnimproved security, and efficient utilization of available resources, the needrnfor configuration management tools and software is increasing. Configurationrnmanagement is an interrelated set of processes and tools that help enterprisesrnto effectively carry out IT-related business decisions. The tools available inrnthe market for configuration management helps software developers/IT personnelrnto manage changes, keep track of software as well as hardware updates, managernsource codes, as well as track any defect during the entire process ofrndevelopment. Configuration management tools are beneficial for organizations asrnthese help in reducing redundant work and minimizing configuration-relatedrnchallenges, thereby effectively managing changes. Over the past few years,rnsoftware development and information technology operations (DevOps) havernshifted from manual management of IT tasks such as deploying applications andrnmanaging and maintaining the IT infrastructure to automation, therebyrnincreasing the demand for configuration management tools and software. Also,rnthe growing preference for configuration management tools around the globe isrnalso a significant factor propelling market growth.
The adoption of configuration management is specifically increasing inrnindustries such as IT & telecommunication, military & defense, retail,rnand manufacturing Also, with the entry of various configuration managementrntools/solution providers in the market, end users have various vendors tornchoose from before selecting a suitable vendor, which, in turn, is creatingrncompetition in the market. Also, with the introduction of more comprehensiverntools, the popularity of configuration management software is increasing. Allrnthese developments in the market are expected to drive the market forward.
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Segmentation:
The Global Configuration Management Market has been segmented on thernbasis of Component, Enterprise Size, Vertical, and Region.
Based on component, the configuration management market has beenrnsegmented into solution and services. The solution segment includes tools orrnsoftware used for managing, organizing, and controlling assets in the entirerndevelopment lifecycle. The services segment includes managed and professionalrnservices offered by solution providers. These professional services includerntraining & consulting and support & maintenance services. In 2018, thernsolution segment accounted for the larger share in the overall market.rnConfiguration tools are being used by developers and other IT personnel tornmanage changes. With the continuous demand for such tools in verticals,rnincluding IT & telecommunication, military & defense, retail, and BFSI,rnthe market share for the solution segment is larger.
Based on enterprise size, the configuration management market has beenrnsegmented into small & medium enterprises and large enterprises. Small andrnmedium enterprises in manufacturing and retail are expected to demand suchrntools and services in the coming years due to rapid innovation and newrntechnology development in these verticals. Due to this, the small and mediumrnenterprise segment is expected to register the higher CAGR in the forecastrnperiod.
Based on end user, the configuration management market has beenrnsegmented into banking, financial services, and insurance (BFSI), retail &rnconsumer goods, transportation, energy & utilities, healthcare,rnmanufacturing, IT & telecommunication, defense & military, and others.rnThe IT & telecommunication segment held the largest share in the year 2018rndue to continuous innovation and deployment of advanced technologies in thernindustry.
Regional Analysis
The regional analysis for the global configuration management has beenrnconducted for North America, Europe, Asia-Pacific, and the Middle East &rnAfrica, and South America.
The market in North America accounted for the largest market share inrn2018, and it is expected to register strong growth during the forecast period.rnThe key driving factors for the growth of the configuration management marketrnin the region include the growing demand for such solutions among enterprisesrnoperating in the US, Canada, and Mexico.
The market in Asia-Pacific is expected to register the highest CAGRrnduring the forecast period. For the purpose of analysis, Asia-Pacific has beenrncategorized as China, Japan, India, and the rest of Asia-Pacific. This growthrncan be attributed to the digital transformation and adoption of new technology.rnIncreasing demand for reducing system complexity is one of the key reasonsrndriving the growth of the market.
Key Players
The Key Players of the Global Configuration Management Market are IBMrnCorporation, Amazon Web Service Inc., Red Hat Inc., Microsoft Corporation, CArnTechnologies, HP Development Company LP, BMC software Inc., Oracle, PuppetrnLabs, Chef Software Inc., Atlassian, Micro Focus, Alibaba Cloud,rnCloudBees, Inc., and SaltStack.
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Configuration Management Market Research Report: By Component (Solution,rnService-Managed and Professional), Enterprise Size (Large Enterprises and Smallrn& Medium Enterprises), Vertical (BFSI, Retail 8 Consumer Goods,rnTransportation, Energy & Utility, Healthcare, Manufacturing and other) andrnRegion (North America, Europe, Asia-Pacific, Middle East, and Africa and SouthrnAmerica) - Forecast till 2025
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