According to a new report, published by KBV research, The Global Configuration Management Market size is expected to reach $6.9 billion by 2031, rising at a market growth of 15% CAGR during the forecast period.
A factor that is having an effect on the market for configuration management is the rise of microservices architecture. This architecture breaks down applications into smaller, loosely linked services that may be independently developed, deployed, and scaled. This architectural approach provides greater flexibility and scalability for businesses but introduces new challenges in managing multiple services' configurations and ensuring they interact seamlessly.
The Large Enterprises segment is registering a CAGR of 14.2 % during the forecast period. Large organizations typically have extensive and complex IT infrastructures, often spanning multiple locations and involving various hardware, software, and network configurations. For these enterprises, managing configurations manually or through less sophisticated means is inefficient and prone to errors.
The Server Infrastructure segment led the Global Configuration Management Market by Asset in 2023; thereby, achieving a market value of $2.1 billion by 2031. One explanation for this growth is that as firms expand their information technology operations, maintaining and optimizing server systems has become increasingly important. The complexity of maintaining large server infrastructures, particularly in data centers and hybrid environments, has driven the demand for configuration management tools that ensure system efficiency, stability, and security.
The IT & Telecom segment dominated is growing at a CAGR of 14 % during the forecast period. This dominance can be attributed to the sector's reliance on vast, complex IT infrastructures that require constant monitoring, updating, and optimization. With the increasing need for managing large-scale data centers, telecommunications networks, and cloud services, configuration management solutions became essential for ensuring smooth operations, network stability, and security in this sector, driving significant revenue growth.
Full Report: https://www.kbvresearch.com/configuration-management-market/
The North America region dominated the Global Configuration Management Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.4 billion by 2031. The Europe region is anticipated to grow at a CAGR of 14.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 15.6% during (2024 - 2031).
By Enterprise Type
By Asset
By Industry
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