Configuration Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Configuration Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Technology & Media | PPT format

Report Digest


Global Configuration Management Market: Overview

The demand within the global configuration management market is rising on account of advancements in the domain of product analysis and optimization. Development of a product or system is followed by a rigorous process of optimization to increase the efficiency and life of the system. The need to retain the utility and effectiveness of products has created tremendous demand within the global configuration management market. The field of system engineering has gathered popularity in recent times, and several new lines of optimization have emerged in this field. The relevance of maintaining the performance efficiency of a product or system can be felt across plenitude of industries. Therefore, pragmatic industrial units evaluate the configuration management dynamics of products before buying them.

TMR Research (TMR) decrypts a wide array of factors pertaining to the growth of the global configuration management market. The global configuration management market can be segmented on the basis of end-use, region, and application. Based on application, the use of configuration management in structural analysis has gathered momentum in recent times. It is integral to understand the wide range of applications for configuration management in order to gauge market growth.

Global Configuration Management Market: Notable Developments

As the requirements of large data-based projects continually change, the need for configuration management platforms is slated to rise.

  • SERVICENOW INC., is an important entity operating in the global configuration management market. The need to understand and decode complex configuration data has been addressed by the company. The success of SERVICENOW INC., in developing configuration management database (CMDB) has helped the company reach the apogee of popularity. The global configuration management market is slated to become the ideal resort for companies looking to develop data repositories.
  • Facebook Hydra has also emerged as an important framework to create Python programs with the help of configuration management platforms. The new development by Facebook has come as a major relief for several companies looking for python-based solutions. Moreover, research projects that require swift adaptation to change can be accomplished with Facebook Hydra.

Some of the leading players operating across the global configuration management market are:

  • CA Technologies
  • BMC Software
  • Oracle
  • Alibaba Cloud
  • IBM
  • Puppet

Global Configuration Management Market: Growth Drivers

  • Use of Configuration Management in Defense

The design, operations, and requirement of a product are the central ideas behind its effectiveness. In order to optimize the aforementioned aspects, it is integral to institute a robust framework for configuration management. The military industry has emerged as the largest consumer of configuration management tools, and this is a key consideration from the perspective of market growth. The use of high-end systems for reconnaissance and defense across the military industries necessitates the use of configuration management tools. Furthermore, manufacturing of defense technologies is succeeded by an exhaustive process of analysing their physical attributes and information systems.

  • Advancements in Civil Engineering

The application of configuration management in the field of civil engineering has also generated tremendous revenues within the global market. Construction of bridges and canals requires high-level of scrutiny and maintenance even after the completion of projects. Furthermore, the need for building better structures that can withstand various external attacks has also brought configuration management under the spotlight of attention. Industrial engineering has also emerged as a key area within the field of configuration management. The unprecedented demand for retaining the functionality of dams has also generated humongous revenues within the global market.

The global configuration management market can be segmented by:

System

  • Software and Application
  • Storage
  • Server

Module

  • CMDB
  • Service Catalog
  • Service Definition

Component

  • Solution
  • Services

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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