Market Overview
The Capacity management market is expected to grow at a CAGR of 19.3% and reach a value of USD 1568.48 Million during the forecast period which was recorded at USD 597.5 Million during the historic forecast period. This prediction is valid for the forecasted period.
The rise in growth is being considered one of the primary drivers for the same, as are the prospects in the way for cloud solutions and digitization. The target market players' capacity management solutions empower businesses by allowing them to efficiently plan their IT infrastructure and resource capacity to avoid disruptions and save expenses associated with underutilized resources. These marketing solutions allow businesses to aggregate data from many processes and infrastructure units to provide a comprehensive view of all IT resources and infrastructure on a single platform. This market service was created to provide businesses with IT-related services while also meeting the needs of consumers. Because of the rising number of employees using IT devices and services at their offices, the Cloud Capacity Management Market is anticipated to undergo a huge boost that is broadening its operation.
The global epidemic of the coronavirus was unexpected, and many firms throughout the world were forced to switch to remote workspaces instead of traditional ones. However, many firms, particularly IT organizations, were considered as being substantially driven and sustaining as a result of the increased demand for the same during the outbreak and subsequent period.
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Market Segmentation
Based on the Component, the market is segmented into:
Solutions
- Network Capacity Management
- Storage Capacity Management
- Application Capacity Management
Services
- Implementation and Testing
- Consulting
- Training and Education
- Support and Maintenance
Based on the Organization Size, the market is segmented into:
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
Based on the Deployment Type, the market is segmented into
- On-premises
- Cloud
Based on the Vertical, the market is segmented into:
- Telecom
- Information Technology (IT)
- Healthcare
- Manufacturing
- BFSI
- Retail
- Hospitality
- Government and public
- Others (education, energy and utilities, and oil and gas)
Based on the Region, the market is segmented into:
- North America
- Europe
- APAC
- The Middle East and Africa
- Latin America
Regional Classification
During the forecast period, the global market for cloud deployment is expected to develop at a faster CAGR. Enhanced security features, interactive dashboards, ease of adaptability, and higher scalability are just a few of the primary market considerations motivating businesses all over the world to go cloud. The North American region of the capacity management market is predicted to hold the greatest market share, while the Asian Pacific area is expected to have the highest CAGR. Because of the rapid speed of product and technology development in the telecom and IT verticals, capacity management solutions are projected to be deployed more widely across all regions.
Industry News
The major key players in the market are International Business Machines Corporation, CPT Global, BMC Software Inc., Nlyte, CA Technologies, Riverbed Technology, Syncsort, TeamQuest Corporation, NetApp, Sumerian, VMware Inc., Hewlett Packard Enterprise Development LP, and TEOCO Corporation. The manner businesses are regaining ground after the boost is growing the market and investment considerations.
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Capacity Management Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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