The global integrated cloud management platform market is anticipated to grow at a significant CAGR of 15.7% during the forecast period. The major factor driving the growth of the global integrated cloud management platform market during the forecast period is the increasing adoption of hybrid cloud and multi-cloud strategies across the globe. Additionally, the low initial cost increases the hybrid cloud adoption rate. Furthermore, it offers flexibility, scalability, efficiency, and high-end features which is further boosting the adoption of hybrid cloud which in turn is driving the growth of the market.
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Moreover, the growth of the market can also be attributed to low set-up and maintenance costs for hybrid cloud management. Additionally, due to the COVID-19 pandemic, the business had to shift online which boosted the adoption of cloud-based business utility solutions and services which in turn is driving the growth of the market.
Another factor that is driving the growth of the integrated cloud management platform market over the forecast period is the rising inclination of major players including Cisco Systems Inc., IBM Corp., Microsoft Inc., Oracle Corp., and others towards the adoption of various strategic initiatives such as mergers and acquisitions, partnerships, collaborations, and geographical expansion, catering to stay competitive in the market. For instance, in November 2021, Microsoft Azure Arc launched a new additional machine learning functionality in public preview for users to train anywhere. Additionally, new functionality has also been added for Azure Arc-enabled data services to enhance Azure Arc capabilities for servers, Kubernetes, app services, and data services anywhere.
Global Integrated Cloud Management Platform Market Report by Segment
By Component
- Solution
- Service
By Vertical
- Government And Public Sector
- BFSI
- Retail And Consumer Goods
- Energy and Utilities
- Healthcare And Lifesciences
- Manufacturing
- IT and Telecommunications
- Others
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Integrated Cloud Management Platform Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- BMC Software
- Cognizant
- Dynatrace
- The Hewlett Packard Enterprise Co.
- HyperGrid
- Lumen Technologies, Inc.
- MicroFocus
- NetApp, Inc.
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