Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Integrated Cloud Management Platform Market size is expected to reach $6.3 billion by 2028, rising at a market growth of 15.4% CAGR during the forecast period.
The Services segment has shown growth rate of 17.8% during (2022 - 2028). Services such as consulting, integration and implementation, training and education, and support and maintenance are required at various stages, ranging from pre-sales requirement assessment to post-sales product deployment and execution, allowing the client to achieve the highest possible return on investment. Services play an important role in bringing the solution on-board, providing training, and managing and sustaining the software. Consultants, solution experts, and dedicated project management teams specializing in building and delivering key decision support software, tools, and services are among the companies that provide these services.
The Large Enterprises segment acquired maximum revenue share in the Global Integrated Cloud Management Platform Market by Organization Size in 2021; thereby, achieving a market value of $4.1 billion by 2028. A multi-cloud strategy allows big businesses to pick and choose from a number of cloud services, focusing on those that best meet their needs. Large companies' demand for multi-cloud management solutions is being driven by the ML capabilities afforded by multi-cloud settings, which might possibly aid with enormous data transfers. Instead of relying on a single cloud provider's infrastructure, add-on services, and price, organizations can use multi-cloud adoption to diversify their alternatives. Furthermore, to reduce latency and improve performance metrics, businesses might choose a cloud provider with data centers closer to their clients.
The Retail & Consumer Goods segment is showcasing a CAGR of 1z 4.9% during (2022 - 2028). The world of retail is fast-changing, not only in terms of the stores one shops at, but also in terms of how one shops, when they pay for items, and how those goods travel through the supply chain. Multi-cloud systems give retailers more flexibility and allow them to save money on storage and computing. Businesses were able to mix their business processes and expand their reach by using multi-cloud. Data is used by retailers to integrate the e-commerce and in-store shopping experiences, and the only way to do it reliably and efficiently is through flexible, scalable technology. The development of social media platforms for selling also implies integrating payment into the user experience, putting security and protection of consumers' data front and center for shops.
The North America market dominated the Global Integrated Cloud Management Platform Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.2 billion by 2028. The Europe market is estimated to witness a CAGR of 15.1% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 16.2% 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 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.)
By Organization Size
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