The configuration management market size is predicted to touch about USD 3.7 million at a 13.4% CAGR during the forecast period (2020- 2027), states the latest Market Research Future’s (MRFR)configuration management market forecast report. The configuration management market report lists the top market players along with their revenues, sales, and strategies.
Configuration Management Market Drivers/Configuration Management Market Trends
Demand for Efficient Change and Configuration Management System to Bolster Market Growth
The demand for efficient change and configuration management systems owing to the complexity of products and services will boost market growth over the forecast period.
Potential Combination with DevOps to offer Robust Opportunities
The potential combination of configuration management tools with DevOps to boost the acceptance of configuration management solutions may offer robust opportunities for the market over the forecast period.
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Restraints and Challenges
Privacy Concern to act as Market Challenge
Privacy concern and data security and impact of the COVID-19 impact may act as market challenges over the forecast period.
By component, the solution segment will lead the market over the forecast period. Configuration tools are used by developers and other IT personnel for managing changes. With the constant demand for these tools in verticals like BFSI, retail, military and defense, and IT and telecommunication, the share for the segment is larger.
By enterprise size, the small & medium enterprises will dominate the market over the forecast period. SMEs in retail and manufacturing are likely to demand these services and tools in the coming years for new technology development in these verticals and rapid innovation.
By end user, the IT and telecommunication segment will spearhead the market over the forecast period for the deployment of advanced technologies in the industry and constant innovation.
North America to Head Configuration Management Market
North America will head the market over the forecast period. Constant advances in IT infrastructure of enterprises operating in the region, the presence of giant tech companies, early adoption of latest technologies for their well-established economies and deeply rooted infrastructures, increasing need for agile IT infrastructures, emergence of digital technologies, government standards and regulations resulting in a controlled environment of rapid and disruptive innovations, the presence of developed economies of Canada and the US, and high focus on innovations obtained from technology and research and development are adding to the global configuration management market growth in the region.
APAC to Have Admirable Growth in Configuration Management Market
The APAC region will have admirable growth over the forecast period at a high CAGR. Digital transformation, adoption of new technology, and increasing need for reducing system complexity are adding to the global configuration management market share in the region. India, Japan, and China have the utmost market share.
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Eminent players profiled in the global configuration management market report include IBM Corporation, Amazon Web Service Inc., Red Hat Inc., Microsoft Corporation, CA Technologies, HP Development Company LP, BMC Software Inc., Oracle, Puppet Labs, Chef Software Inc., Atlassian, Micro Focus, Alibaba Cloud, CloudBees, Inc., and SaltStack
The global configuration management market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers , including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, & more. Besides, they have also invested in R&D activities to stay at the forefront.
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