Configuration Management Market Growing at a CAGR 15.1% | Key Player Microsoft, Oracle, IBM, Alibaba Cloud, AWS

August 03 20:06 2020
Configuration Management Market Growing at a CAGR 15.1% | Key Player Microsoft, Oracle, IBM, Alibaba Cloud, AWS

Microsoft (US), AWS (US), Oracle (US), BMC Software (US), IBM (US), Alibaba Cloud (China), CA Technologies (US), Puppet (US), Ansible (US), Chef (US), Micro Focus (UK), CloudBees (US), Northern Tech AS (Norway), Canonical (UK), SaltStack (US), Octopus Deplot (Australia), JetBrains (Czech Republic), Codenvy (US), and ServiceNow (US).
Configuration Management Market by System (Software and Application, Storage, and Server), Module (CMDB, Service Catalog, and Service Definition), Component (Solution and Services), Enterprise Size, End-use Vertical, and Region – Global Forecast to 2024

The global Configuration Management Market size is projected to grow from USD 1.6 billion in 2019 to USD 3.3 billion by 2024, at a CAGR of 15.1% during the forecast period. Major factors driving the market is the increased demand for simplifying and synchronizing IT resources to boost the adoption of configuration management tools.

Configuration management solution to hold a larger market size during the forecast period

With the help of a configuration management solution, developers can easily multitask and ensure that codes are not overwritten by other developers and maintain a history of all the changes made during the product’s lifetime. Tracking and authorizing change during the development stage can also be handled easily with the solution.

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Configuration management database (CMDB) module to hold the largest market size during the forecast period

CMDB is considered to be the backbone of configuration management and is usually integrated by third-party solution vendors. CMDB is a full-fledged database that encompasses all the relevant information about software and hardware components deployed with an organization’s IT services. It offers a highly organized visual of configuration data and resources to examine the data from any required perspective.

The vendors covered in the market report include Microsoft (US), AWS (US), Oracle (US), BMC Software (US), IBM (US), Alibaba Cloud (China), CA Technologies (US), Puppet (US), Ansible (US), Chef (US), Micro Focus (UK), CloudBees (US), Northern Tech AS (Norway), Canonical (UK), SaltStack (US), Octopus Deplot (Australia), JetBrains (Czech Republic), Codenvy (US), and ServiceNow (US). The key players have adopted various growth strategies, such as partnerships, agreements & collaborations, new product launches & product enhancements, and acquisitions to expand their presence in the global configuration management market. Partnerships, agreements & collaborations, and new product launches have been the most adopted strategies by the major players from 2016 to 2019 to innovate their offerings and broaden their customer base.

IBM (US) has been focusing on enhancing organic and inorganic growth strategies to compete in the configuration management market. It continually upgrades its different solutions for configuration management to cater to its clients with the best solutions; for instance, in May 2019, IBM launched a new service to enable customers to speed up the reinvention of business processes and integration of new technology. And in April 2019, IBM upgraded 2 of its configuration management solutions with enhanced capabilities to smoothen configuration management process. Moreover, as a part of the inorganic growth strategy, in July 2019, IBM partnered with a computer software company DBmaestro to expand its database automation capabilities.

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Microsoft (US) has been emphasizing on strengthening its organic and inorganic business growth strategies to maintain its position in the configuration management market. It majorly focuses on upgrading its key solution, System Center Configuration Manager, by adding enhanced features to it. As a part of its organic growth strategies, Microsoft continually releases updates for its solutions offered in configuration management market. For instance, in August 2019 and July 2019, Microsoft upgraded its solutions by adding new features to its configuration manager, such as enhanced support for SQL, readiness insights for desktop apps, and enhanced content management. Moreover, as a part of inorganic business growth, Microsoft partnered with Oracle in June 2019 to improve the cloud migrations.

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