This Report Provides In-Depth Analysis of the Integrated Cloud Management Platform Market Report Prepared by P&S Intelligence, Segmented by Product Type (Lumbar, Cervical), Material (Metal, PEEK), End User (Hospitals, Specialty Orthopedic & Spine Centers, ASCs, Healthcare and Life sciences, Energy and Utilities, Manufacturing), and Geographical Outlook for the Period of 2019 to 2032
The global integrated cloud management platform market is set to reach USD 12.2 billion in 2032 from USD 4.0 billion in 2024, advancing at CAGR of 15.3% during 2025–2032. The major factor credited for this growth is the rapid adoption of hybrid and multi-cloud strategies. Moreover, the growing trend of bring your own device and shifting workload to cloud environments are propelling the growth. Further, the COVID-19 pandemic has provided a boost to the market by impelling companies to shift to the work from home model from the work from office model, either completely or partly.
Moreover, IT & telecom companies have large amounts of data to be managed on the premises as well as in the cloud environment. Moreover, post COVID-19, the demand for internet-based applications on tablets, smartphones, laptops, and PCs has increased, which is causing the shift to cloud-based platforms.
Integrated Cloud Management Platform Market Trends and Growth Drivers
Growing Usage of Cloud Computing Drives Market
The biggest driver for the integrated cloud management platform market is the growing usage of cloud computing across enterprises.
With the evolving technical landscape, huge amounts of data are being generated every day. To be profitable, companies need to gather, store, share, and analyze this information.
As per estimates, compared to 41 Zettabytes in 2019, 97 Zettabytes of data were generated in 2022.
Moreover, industries are using cutting-technologies, such as AI, ML, deep learning, supercomputing, quantum computing, and big data analytics, for higher operational efficiency and profitability.
They require either the existing computers with users to be upgraded or new ones with the required processing power, graphics, and memory to be procured.
All this can seriously raise expenses for companies, which forces smaller and underfunded ones to keep using legacy systems.
In order to utilize all these technologies without incurring heavy expenses, companies are increasingly migrating to cloud environments.
The cloud enables a host of applications from something as simple as on-demand video streaming, online payment wallets, and personal data storage to extremely complex ones, such as self-driving vehicles, connected healthcare, and industrial robots.
Cloud-based software is hosted on a third party’s servers, usually housed in a data center, and delivered over the cloud.
But, because cloud computing comes with cybersecurity risks, many companies use a combination of public and private clouds or multiple cloud services.
This makes the management of cloud resource complicated, which is the major reason for the growth of this market.
Integrated cloud management platforms offer a single window into all of the cloud resources in use, enabling firms to easily monitor operations, scale them as needed, reduce employee requirement, and save costs.
Hybrid Cloud Infrastructure Offers Opportunities
The increasing adoption of the hybrid cloud infrastructure is creating opportunities for companies to expand their operations.
IT companies are rapidly shifting to the hybrid cloud infrastructure to keep a certain amount of workload on-premises, for the purpose of data security.
Integrated AIOps for cloud management boosts operational efficiency with the use of AI and machine learning technologies.
Thus, it is gaining momentum among end users, in turn, providing startups and established companies openings to launch integrated cloud management platforms with AIOps technologies.
Technical and Cost Constraints Could Hamper Market Growth
The biggest constraint for the integrated cloud management platform market is the risk of cyberattacks with the entire concept of cloud computing.
Because the computing resources, including programs, databases, applications, and even software development kits, are hosted by a third party, IP owners do not have as much control as with on-premises deployment.
This makes customization slightly different, although cloud allows for remote collaborations among different departments.
Further, users have to rely on the cybersecurity measures deployed by the cloud infrastructure owner, rather than that on onsite systems.
This raises concerns with respect to data security, which continues to become a bigger issue in this era of stringent compliance requirements.
Several countries have specific data security regulations to protect the identity and interests of individuals, which makes the usage of cloud computing fraught with risk.
Additionally, even though cloud delivers resources over the internet, on-premises systems still need to be modified to accommodate the heavy software.
Companies using computing resources delivered over multiple clouds often need to upgrade their onsite systems to accommodate integrated cloud management software, which can itself be heavy.
This raises operating expenses and can limit the growth of the market.
Solutions accounted for the larger share, of 70%, in 2024, as enterprises are increasingly automating their cloud environments due to the limited availability of human resources. Cloud helps companies save on expenses by reducing the need for expensive IT infrastructure onsite. Moreover, by automating cloud workflows and bringing multiple clouds on the same platform, these solutions decrease the need for one IT personnel to manage each cloud. This further saves costs and frees up employees to focus on more-important tasks.
The services category, which includes support and maintenance, training and education, consultation, and integration and implementation services, is expected to advance at a higher growth rate. These services are essential for both and new users of integrated cloud management platforms. Thus, as the adoption of this software rises, so will the demand for the associated services over the solutions’ lifetime.
The following components are covered in the report:
Solutions (Larger Category)
Services (Faster-Growing Category)
Enterprise Size Analysis
Large corporations dominate the market as they have huge corporate networks and numerous revenue streams, resulting in the need for the required resources to be accessible at the right time. Additionally, in order to acquire larger shares and boost their overall productivity, they continually adopt new technologies. Because of their vast operations and the huge volumes of sensitive data they work with, they often use multi-cloud environments. This raises the requirement for integrated cloud management platforms for real-time visibility into the resources sourced through different clouds.
The SMEs category is projected to witness the higher CAGR in the next few years, of 16%, owing to the increasing adoption of integrated cloud management platforms by SMEs, as they face aggressive competition from large corporations. Pay-as-you-go is the preferred payment plan among SMEs, since it allows them to manage their IT infrastructure according to their needs.
The segment is bifurcated as below:
Large Enterprises (Larger Category)
SMEs (Faster-Growing Category)
Vertical Analysis
The BFSI sector is the largest vertical, as over 90% of the banking companies and financial service organizations have adopted hybrid and multi-cloud models. This creates the requirement to effectively manage the movement of data between on-premises servers and multiple cloud environments. Therefore, BFSI companies are increasing their investment in integrated cloud management platforms, to synchronize and administer their cloud usage across environments and cloud service providers.
The retail and consumer goods sector is expected to undergo the fastest growth during the forecast period., with 17% CAGR This is attributed to the increasing adoption of the cloud infrastructure by retail giants as customers continue to shift toward online shopping. Moreover, software vendors are launching industry-specific platforms in order to acquire a larger customer base. For instance, in March 2022, Informatica launched the retail-specific Intelligent Data Management Cloud, which is being used by Discount Tires and The Hershey Company.
The report offers insights on the below-mentioned verticals:
BFSI (Largest Category)
IT and Telecom
Retail and Consumer Goods (Fastest-Growing Category)
Government and Defense
Healthcare and Life sciences
Energy and Utilities
Manufacturing
Others
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Integrated Cloud Management Platform Market Geographical Outlook
The North American integrated cloud management platform market is the largest regional market with a share of 40% in 2024, owing to the rapid implementation of the private cloud infrastructure by enterprises to manage their networks.
Moreover, the usage of wireless connectivity, along with IoT gadgets and connected devices, is expected to boost the growth in the usage of these platforms by the enterprises in the region.
The U.S. dominates the regional market owing to the increasing investment by the government for digitalization.
Moreover, the country is home to the highest number of companies operating in the space, which are involved in R&D for new and innovative integrated cloud management solutions.
The APAC region is projected to witness the fastest growth through 2025–2032, at 17.5% CAGR.
This is owing to vendor lock-in concerns and reliability on a single cloud, along with the rising pressure to comply with data security and privacy protection regulations.
Furthermore, the availability of skilled labor and increasing cloud adoption are propelling the growth.
China, Japan. and India are the major countries in the region in terms of the usage of these platforms, with China dominating the market.
China’s high demand for these solutions is attributed to the high-pace growth in the adoption of cloud services, with public cloud leading the way.
Europe held the second-largest share, as a large proportion of the businesses in the region are using cloud computing.
Moreover, the workload is projected to shift to the cloud in the future at a significant rate.
Additionally, the implementation of new technologies, such as edge computing and IoT, in cloud-based solutions is leading the way for this growth.
Germany, the U.K., and France are the major countries in the region in regard to the usage of such solutions, with Germany holding the largest share.
The LATAM and MEA regions will also undergo significant growth over this decade owing to the higher internet penetration than before and untapped opportunities for companies offering e-learning material, software, hardware, and other services.
Moreover, in the MEA region, governments support mass digitization, particularly soft skill development, which is propelling the growth in demand for these solutions.
In the LATAM region, Brazil is the largest user, while in the MEA region, the U.A.E. dominates the industry.
The integrated cloud management platform market is fragmented on account of a large number of established IT vendors offering such solutions. This is because companies use different clouds at varying levels of scalability, thus creating the requirement for distinguished integrated cloud management platforms. Moreover, as cloud platforms evolve, so must these solutions too, which encourages the entry of newer companies with advanced integrated platforms for multi-cloud management.
Major Companies in Integrated Cloud Management Platform Market:
Microsoft Corporation
IBM Corporation
Broadcom Inc.
Dynatrace Inc.
OpenText Corporation
Flexera Software LLC
Cognizant Technology Solutions Corporation
BMC Software Inc.
Lumen Technologies Inc.
Oracle Corporation
Cisco Systems Inc.
Amazon Web Services Inc.
Integrated Cloud Management Platform Market News
In September 2024, IBM Corporation and Microsoft Corporation jointly inaugurated three Experience Zones to provide companies with better access to generative AI and cloud solutions.
In May 2024, Broadcom Inc. announced the availability of its Automic cloud automation solution via the SaaS model.
In April 2024, Dynatrace Inc. announced that an expanded partnership to deploy its Dynatrace cloud-native environment automotive platform on Google Cloud.
In December 2023, Microsoft Corporation announced the general availability of Microsoft Cloud for Sovereignty in all Azure regions.
Frequently Asked Questions About This Report
What is the integrated cloud management platform market 2032 revenue forecast?+
In 2032, the market for integrated cloud management platforms will generate USD 12.2 billion.
Which region is expected to garner the top position in the integrated cloud management platform industry?+
North America is projected to dominate the integrated cloud management platform industry.
Which verticals has the highest integrated cloud management platform market CAGR?+
The retail & consumer goods is the fastest-growing vertical in the market for integrated cloud management platforms.
Why is the integrated cloud management platform industry growing?+
The integrated cloud management platform industry is driven by the rapid adoption of hybrid clouds and AIOps technologies and the increase in online shopping activities.
What is the nature of the integrated cloud management platform market?+
The market for integrated cloud management platforms is fragmented.
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