The Europe Integrated Cloud Management Platform Market would witness market growth of 15.1% CAGR during the forecast period (2022-2028).
The Cloud Management Platform Market will grow as a result of technological improvements. The market will profit greatly from the introduction of hybrid cloud infrastructure. During the forecast period, the hybrid cloud platform will see massive usage. One of the most important factors driving hybrid cloud adoption is the cheap initial cost. The hybrid cloud infrastructure is projected to be in high demand among small and medium-sized businesses. A broader consumer base will be attracted by the flexibility, scalability, efficiency, and high-end features. Hybrid cloud management has substantially cheaper setup and maintenance costs.
Workload management is included in the hybrid cloud. The new-age cloud infrastructure has strict security standards. One of the most prominent advances in a hybrid infrastructure is DevOps integration. The market's profitability will be large in the forecast era, owing to significant growth potential. The adoption of cloud management will benefit the entire market growth more than the launch. The hybrid cloud platform is expected to be adopted by large corporations, IT companies, healthcare, and retail.
In Europe, a projected transfer of workloads to the cloud is seen as part of attempts to reduce costs associated with fixed capacity infrastructure and to leverage cloud-native services to put out a highly scalable infrastructure using the cloud. The implementation of multi-cloud management systems in Europe is further aided by the presence of various multi-cloud architectural regions. The increased acceptance of cloud-based solutions and incorporation of new technologies such as IoT and edge computing is propelling the growth of the regional integrated cloud management platform market during the forecast period.
In 2021, 41% of EU businesses used cloud computing, primarily to host their e-mail systems and save the information electronically. For application development, testing, and deployment, 73 percent of those businesses employed advanced cloud services related to security software applications, hosting enterprise databases, or computing platforms. The adoption of cloud computing has increased by 5 percentage points since 2020. Due to this, the demand for these advanced solutions would surge in the region.
The Germany market dominated the Europe Integrated Cloud Management Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $414.8 Million by 2028. The UK market is estimated to grow at a CAGR of 14.2% during (2022 - 2028). Additionally, The France market would witness a CAGR of 16% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Government & Defense, Healthcare & Life Sciences, Energy & Utilities, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Integrated Cloud Management Platform Market Size will Hit $6.3 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Micro Focus International PLC, IBM Corporation, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Microsoft Corporation, Oracle Corporation, VMware, Inc., Cognizant Technology Solutions Corporation, Lumen Technologies, Inc., and BMC Software, Inc. (KKR & Co., Inc.)
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