Cloud Management Platform (CMP) Market By Type (SaaS and On-Premise), By Application (Financial, Internet, Retail, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Cloud Management Platforms are a set of tools that are used to manage and monitor the cloud-enabled solutions and services of an organization. The platform provides effective operational control and actionable insights into the cloud consumption pattern of end-users.

The Cloud Management Platform (CMP) market was valued at 9.8 billion US$ in 2022 and is projected to reach 46.4 billion US$ by 2030, at a CAGR of 21.5% during the forecast period.

Cloud Management Platform (CMP) Market by, 2022-2030

Market Dynamics

The increasing need to effectively manage multiple cloud APIs and storage allocation and rising enterprise demand for a smooth transition of workload to cloud services are the primary factors driving the market growth. The rising demand to effectively cross-manage cloud services across all verticals without the need for multiple devices has influenced high demand for cloud management platforms. The solutions are being used to effectively monitor and control all cloud computing resources of an organization. As more and more companies opt for migration to cloud-based services, it is vital to manage the process of cloud migration without any additional stress on company resources or downtime of the company’s productivity hours. In such a scenario, cloud management platforms have been highly effective in enforcing a smooth transition of enterprise workload to cloud-based services without any disruption to the businesses. However, issues of compliance, risks of cyber-attacks, and data theft attempts might hamper the market growth. It is also challenging to adequately analyze the definite scope of governance and compliance in the case of cloud computing platforms. The ambiguity in accordance and regulations in terms of different platforms and their areas of operation have proved to be a significant hindrance to the adoption of cloud management platforms. The rapid cloud service integration and migration among emerging SMEs would provide lucrative opportunities for the market in the coming years. The migration to cloud services has proved quite beneficiary to small- and medium-scale enterprises owing to the uprise in productivity, fluidity in the workflow, and elimination of space requirements for maintenance of processing units.

Market Segmentation

The global Cloud Management Platform (CMP) market is mainly classified based on Type and Application. Type is further segmented into SaaS and On-Premise. By Application, the market is divided into Financial, Internet, Retail, and Others.

The SaaS segment by Type holds a considerable share in terms of overall market value owing to the elimination of procurement and maintenance of necessary hardware equipment, helping reduce operational costs. The popularity of the pay-per-use model among tech enterprises would further generate interest in SaaS offerings, improving segment growth.

The Financial segment by Application is leading in terms of product adoption owing to the features of easy monitoring of the allocated storage capacity and blending a degree of mobility in certain transactions. The ease in flexibility and scalability of operations without much manual intervention would also improve demand for cloud management platforms, propelling the segment growth.

Regional Analysis

Based on geography, the global Cloud Management Platform (CMP) market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is a prominent region and holds a substantial share in terms of overall market value owing to the need to manage several cloud-enabled services in a single organization. The rapid evolution of cloud computing and increasing interest among enterprises to adopt cloud services would also propel the growth prospects of the regional market.

Competitive landscape

The Cloud Management Platform (CMP) market is relatively fragmented, with several global and regional companies operating with comprehensive software solutions and business capabilities to cater to the needs of a global consumer base.

Key players operating in the Cloud Management Platform (CMP) industry include Flexera, Cisco Systems, Inc., VMware, Inc., Turbonomic, Inc., HashiCorp, Platform9 Systems, Morpheus Data, LLC, CloudCheckr, CoreStack, Microsoft Corporation, CloudBolt Software, Inc., Red Hat, Inc., BMC Software, Inc., Hewlett Packard Enterprise Company, and Oracle Corporation.

The launch of new technologically advanced solutions and the formation of strategic collaborations to expand business capabilities are the primarily followed business strategies of key players looking to capture substantial market share during the forecast period.

Covid-19 Impact Analysis

As more and more people are being advised to stay at home during this period of unprecedented situations, businesses have increasingly adopted work from home models of operations for a maximum of their employees. Even after the laxation of restrictions in several parts of the globes, companies are continuing to operate with all non-essential staff working from remote locations. As such, computing services over the cloud and the subsequent cloud management platforms have adopted a crucial role in the daily operations of almost all businesses, be it small-scale organizations or large enterprises. The companies which had already translated to cloud services faced minimal difficulty in its transition to maximum productivity and work output operating even from remote locations. More and more businesses are adopting the cloud-enable mode of operations to remain active during the times of crisis and make marginal profits on services. The shutdown of public spaces and commercial complexes have given birth to a new demand for online collaborative services that would make it possible for innovative participation even from remote locations. The use of cloud computing resources would ensure seamless operations of profitable business models and would thereby encourage the continued adoption of cloud management platforms as tools of resource management.

Cloud Management Platform (CMP) Market Key Segments

By Type
• SaaS
• On-Premise

By Application
• Financial
• Internet
• Retail
• Others

Key Global Cloud Management Platform (CMP) Industry Players
• Flexera
• Cisco Systems, Inc.
• VMware, Inc.
• Turbonomic, Inc.
• HashiCorp
• Platform9 Systems
• Morpheus Data, LLC
• CloudCheckr
• CoreStack
• Microsoft Corporation
• CloudBolt Software, Inc.
• Red Hat, Inc.
• BMC Software, Inc.
• Hewlett Packard Enterprise Company
• Oracle Corporation

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Cloud Management Platform (CMP) Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing need to effectively manage multiple cloud APIs and storage allocation
3.3.2. Rising enterprise demand for a smooth transition of workload to cloud services
3.4. Restraints
3.4.1. Issues of compliance, risks of cyber-attacks and data theft attempts
3.5. Opportunity
3.5.1. Rapid cloud service integration and migration among emerging SMEs
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. SaaS
4.2.1. Market Size & Forecast
4.3. On-Premise
4.3.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Financial
5.2.1. Market Size & Forecast
5.3. Internet
5.3.1. Market Size & Forecast
5.4. Retail
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Cloud Management Platform (CMP) Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Cloud Management Platform (CMP) Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Cloud Management Platform (CMP) Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Cloud Management Platform (CMP) Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Cloud Management Platform (CMP) Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Cloud Management Platform (CMP) Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Flexera
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Flexera Product Category, Application, and Specification
7.1.3. Flexera Financial Performance (2018-2019)
7.1.4. Main Business/Business Overview
7.2. Cisco Systems, Inc.
7.3. VMware, Inc.
7.4. Turbonomic, Inc.
7.5. HashiCorp
7.6. Platform9 Systems
7.7. Morpheus Data, LLC
7.8. CloudCheckr
7.9. CoreStack
7.10. Microsoft Corporation
7.11. CloudBolt Software, Inc.
7.12. Red Hat, Inc.
7.13. BMC Software, Inc.
7.14. Hewlett Packard Enterprise Company
7.15. Oracle Corporation