Configuration Management Market
Growth Factors of Configuration Management Market
The configuration management market size was valued at USD 2.63 billion in 2023, and the market is now projected to grow from USD 2.96 billion in 2024 to USD 9.22 billion by 2032, exhibiting a CAGR of 15.3% during the forecast period of 2023-2030.
The COVID-19 pandemic was disruptive and unprecedented, with configuration management (CM) experiencing reduction in demand across all regions compared to pre-pandemic levels. The CM area that was influenced the most was change management, with remarks concerning the requirement to shift towards CCB online, integration problem, and high-volume email transmission. They relate to aspects of working from home, social distancing, and communicating through online media. Hence, the pandemic has significantly affected the configuration management market growth.
The rising demand for product configuration management is boosting the configuration management market share globally. Consumers in discrete manufacturing sectors gradually anticipate products to be tailored to their specific requests and cater their requirements. For enterprises dealing with complex platforms and products and go-to-market strategies based on variants, product configuration administration enhances condition, effectiveness, and process of product development across manufacturing, engineering, and services.
The increased demand for automated IT resource management across multiple industries is propelling the market growth. The market is rising speedily because of the complexity of services and products, incorporation of electrical, firmware, mechanical and software components. It is an increasing requirement to simplify and synchronize IT resources.
Comprehensive Analysis of Medical Devices Market
The configuration management market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the hardware & software IT services industry. These segmentations are methodically segregated by asset, enterprise type, and industry. The asset include server infrastructure, cloud resources, network devices, security device, and edge infrastructure, the augment by enterprise type are such as large enterprises, and SMEs. However, the industry is such as BFSI, retail, healthcare, manufacturing, IT & Telecom, and others.
The North America region leads the medical devices market by benefitting a market size of USD 0.97 billion in 2023 due to the presence of large IT enterprises that are adopting advanced technologies to manage their IT infrastructure. .
The top players in the market play an essential responsibility in the information & communication technology industry assuring industrial prospectus growth and contributing to market values. These players include VMware, Inc. (U.S.), Atlassian (Australia), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Cloudbees (U.S.), Puppet (U.S.), ServiceNow (U.S.), Amazon Web Services, Inc. (U.S.), NetApp (U.S.) these market players provide a level-playing competitive landscape.
In February 2024, Kandji, a U.S.-based device management and security platform supplier under Apple, announced integration with ServiceNow. This incorporation will automated the sync of Apple fleet information with the ServiceNow Configuration Management Database (CMDB). This partnership will permit Kandji to make better experiences and deliver value to customers created with ServiceNow.
Segmentation Table
Global Configuration Management Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 15.3% from 2024 to 2032
Segmentation By Asset
- Server Infrastructure
- Cloud Resources
- Network Devices
- Security Devices
- Edge Infrastructure
By Enterprise Type
By Industry
- BFSI
- Retail
- Healthcare
- Manufacturing
- IT & Telecom
- Others
By Region
- North America (By Asset, Enterprise Type, Industry, and Country)
- U.S.
- Canada
- Mexico
- Europe (By Asset, Enterprise Type, Industry, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Benelux
- Nordics
- Rest of Europe
- Asia Pacific (By Asset, Enterprise Type, Industry, and Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- Middle East & Africa (By Asset, Enterprise Type, Industry, and Country)
- Turkey
- Israel
- GCC
- South Africa
- North Africa
- Rest of the Middle East & Africa
- South America (By Asset, Enterprise Type, Industry, and Country)
- Brazil
- Argentina
- Rest of South America
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