San Francisco, May 19, 2016 (GLOBE NEWSWIRE) -- Cloud system management software is a management framework that regulates automation and cloud operations as per the desired alignment. Its main applications encompass configuration management, cloud automation, cloud performance, workload scheduling, and incidence & problem management. The global cloud system management software market is projected to grow at a CAGR of 33% from 2013 to 2018.
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Increasing adoption of private and hybrid cloud services is observed to be the main market driver in the near future. Cloud services enable huge scalability and reduce operational costs. Organizations are able to derive high productivity and performance from their IT infrastructure by adopting cloud system management software technology. Moreover, rapid growth in cloud structures is resulting in working complexities, necessitating advanced monitoring and analytics. This is creating market opportunities.
However, growth may be challenged by rising threat of security breach in cloud systems. The amount of data that is hosted over the cloud infrastructure has grown exponentially. This has increased the risk of it being accessed by an unauthorized external entity.
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Major geographical segments of the global cloud system management software market comprise APAC (Asia-Pacific), the Americas (North America and South America), and EMEA (Europe, the Middle East & Africa). North America is an important market for cloud services. This may be attributed to accelerated adoption of hybrid cloud services by various industries.
Key industry verticals at the global level are retail, manufacturing, healthcare, government & education, IT and telecommunications, and BFSI (Banking, Financial Services, and Insurance). On the basis of cloud type, the market is split into private cloud, public cloud and hybrid cloud.
Many enterprises are developing their own cloud infrastructure to cater to their internal storage and computing requirements. They need cloud management solutions for effective management of such networks. Advancements in network infrastructure in cloud-based systems have facilitated the development of customized applications and services. Services include implementation, consulting, and support & maintenance.
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Prominent players in the global cloud system management software market are BMC Software Inc., IBM Corporation, VMware Inc., and CA Technologies. Other well-known vendors include Dell Inc., Red Hat Inc., Cisco Systems Inc., and Adaptive Computing Inc. The market is characterized by increasing consolidation of cloud computing infrastructure.
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