DUBLIN, Nov 23, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Cloud Systems Management Software Market by Solution, Service, Deployment, Organization Size, Vertical, & Region - Global Forecast to 2021" report to their offering.
The cloud systems management software market is expected to grow from USD 3.95 Billion in 2016 to USD 15.29 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during the forecast period. The demand for cloud systems management software is driven by the factors such as need for simplified integration of complex & heterogeneous cloud environments, increasing adoption of private & hybrid cloud among the enterprises throughout the globe, and enterprises' willingness to opt for required cloud services from different vendors in order to avoid vendor lock-in. The cloud systems management software market has been segmented based on solution, service, deployment model, organization size, vertical, and region. The application performance management solution is expected to grow at the highest CAGR during the forecast period, while operations management is projected to have the largest market size in 2016 in the market. Cloud systems management software solutions and services offer enterprises the flexibility to manage and monitor & optimize the resource management, depending on business requirements. Adoption of cloud systems management software services among the enterprises increased due to benefits such as rapid deployment, increased staff efficiency, reduced cost of maintenance, improved responsiveness to end-users, optimum resource utilization, and increased quality. North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from during the forecast period in the cloud systems management software market. Factors such as rising need for advanced infrastructure management system and shifting of workload to cloud environment are also driving the demand for cloud systems management software solutions, globally. Adoption of cloud systems management software is increasing in the market owing to the growing need of automation and lowering the administrative overheads. However, enterprises face some obstacles while adopting cloud systems management software such as rising threats & data security concerns and complexities involved in application portability.