Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Cloud Performance Management Market size is expected to reach $3.8 billion by 2028, rising at a market growth of 17.6% CAGR during the forecast period.
The Solutions market has shown the high market share in Global Cloud Performance Management Market by Component in 2021; thereby, achieving a market value of $2.5 billion by 2028. The growth of this segment is primarily driven by the rapid expansion in the number of major market players that are being engaged in strategies, like new product launches and partnerships. Due to an increase in the number of such growth efforts, a number of cloud performance solutions are being introduced at an exponential rate.
The Private Cloud market is estimated to grow at a CAGR of 18.3% during (2022 - 2028). The expansion of this segment is majorly attributed to the increased privacy of this type of cloud. A private cloud is a sort of cloud computing in which, a single user organization has exclusive access to the infrastructure. Private clouds only allow accesses that are authorized by the provider and hence, various businesses are becoming more inclined toward private clouds.
The Large Enterprises market is leading the Global Cloud Performance Management Market by Organization Size in 2021; thereby, achieving a market value of $2.3 billion by 2028. The growth of this segment is increasing due to the affordability and adoption of developing technologies among such enterprises. A favorable environment for cloud performance monitoring adoption, especially in large organizations, is created by the growing deployment of SaaS offerings, like human capital management, customer relationship management, enterprise resource management, as well as other financial applications.
The IT & Telecom market is exhibiting a CAGR of 16.6% during (2022 - 2028). One of the biggest industries where the adoption of cloud services and solutions is highest is in the IT industry. There are a number of applications that require a lot of storage, which, on-premise systems are unable to deliver effectively. In addition, the telecommunication sector is also growing at a rapid pace, which is increasing the amount of data generated. These factors are expediting the integration of cloud services in this industry and hence, the growth of the segment is increasing.
The North America market dominated the Global Cloud Performance Management Market by Region in 2021; thereby, achieving a market value of $1.3 billion by 2028. The Europe market is anticipated to grow at a CAGR of 16.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 18.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, IBM Corporation, Oracle Corporation, Hewlett-Packard enterprise Company, VMware, Inc., Cognizant Technology Solutions Corporation, Riverbed Technology, Inc. (Thoma Bravo), Dynatrace, Cisco Systems, Inc. (App Dynamics) and BMC Software, Inc.
By Deployment Type
By Organization Size
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