Capacity Management Market Overview
Capacity management market is expected to attain a CAGR rate of growth of 19.80% keeping in mind the capacity management trends. This expectation is for the ongoing forecast period of 2022-2030. The global market was valued at a global market sum of USD 597.5 million during the period that had ended in 2022 followed by the current forecast that accounts for USD 5.63 Billion During 2022-2030. The rise of the major factors for the same is being considered to be the rise in the growth are the opportunities in the way for cloud solutions as well as digitization.
Capacity management solutions that are being offered by the target market players empower enterprises and enable them to plan their IT infrastructure and resource capacity efficiently to avoid outages and optimize the costs incurred toward under-utilized resources. These marketing solutions enable enterprises to collect the data from different processes and infrastructure units for providing a holistic view of the entire IT resource and infrastructure on a single platform. This market service is been designed for the delivery of IT-related services to businesses, and further, cater to the need of the consumers. The capacity management market is quite set to the experience of a major boost that is widening its operation owing to the increased number of employees making use of the IT devices and services at their workplace.Â
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Capacity Management Market COVID 19 Analysis
The outbreak of the coronavirus global pandemic of 2017 was unexpected and also, many businesses around the globe had to shift to remote workspaces instead of the traditional ones. However, many businesses, as well as IT organizations, were seen as largely driven along with sustaining owing to the rising demand of the same during the outbreak followed by the period.
Since the outbreak of the pandemic has taken a toll on the global business functioning, the efforts of the capacity management market are applauded for their tremendous contribution and corporation. However, owing to the pandemic, there are many questions related to the budget, salaries, and efforts that are being poured in to overcome the losses that have been imposed owing to the sudden outbreak. The government along with the key market players is gearing up for providing opportunities, investments, enhancing the sum of funding and support of a similar kind to the companies providing capacities and management.
Capacity Management Market Dynamics
The faster pace of technological developments in the global functioning of the capacity management market has led to the higher adoption of new technologies among ICT enterprises. The adoption of new technologies by the global market premises, in turn, has smoothened the enterprises’ business processes. This further leads to a major rise in the capacity issues in IT services, thereby hampering the organizations’ productivity and resource utilization. To avoid this, the global capacity management market organizations are deploying effective capacity management solutions for effectively allocating and utilizing their IT resources, depending on the demand and projected optimizations costs.
Globally, SMEs are being considered as the backbone of a country’s economy, contributing significantly to the Gross Domestic Product (GDP). SMEs are growing substantially in most of the developing economies, are emerging as early technology adopters. However, the adoption rate of capacity management solutions among SMEs is estimated to be slower during the forecast period ending in 2023, due to the lack of awareness, and fewer IT infrastructure complexities. These enterprises have the capacity management solutions and services expensive enough to manage their limited IT infrastructures and resources and prefer managing their capacity requirements traditionally.
The technological evolution in the ICT space as a part of the mushrooming capacity management market share has empowered enterprises to improve their business processes and productivity. Following the evolution, global organizations have adopted and integrated new technologies into their existing infrastructure. The global integration of legacy systems with new technologies and their employment has further increased the complexities of IT infrastructures. Furthermore, the market enterprises also find it difficult to effectively manage their infrastructures while also focusing on their core competencies. These rising complexities make it difficult for functional enterprises to collect data for planning and managing their IT capacity to efficiently match the trends regarding the demand and supply-side requirements and optimize resource allocation and utilization. Therefore, the global capacity management market enterprises require capacity management solutions and services to improve their operational efficiency and optimize the costs and IT infrastructures to avoid outages and overspending.
Capacity Management Market Segment Overview
Owing to the different sizes of the firms like small, medium, and large enterprises, that are a part of the market, the global market size has been segmented. The capacity management market has been segmented based on the understated factors:
By Component
- Solutions
- Network Capacity Management
- Storage Capacity Management
- Application Capacity Management
- Services
- Implementation and Testing
- Consulting
- Training and Education
- Support and Maintenance
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
By Deployment Type
By Vertical
- Telecom
- Information Technology (IT)
- Healthcare
- Manufacturing
- BFSI
- Retail
- Hospitality
- Government and public
- Others (education, energy and utilities, and oil and gas)
By Region
- North America
- Europe
- APAC
- The Middle East and Africa
- Latin America
Capacity Management Market Regional Analysis
There has been a rapid degree of deployment of capacity management solutions by SMEs to maximize investments in infrastructure is one of the major reasons that are expected to drive the capacity management market growth for SMEs during the forecast period that ends in 2023.
The cloud deployment type of the global market is expected to grow at a higher CAGR during the forecast period of 2017-2023. Enhanced security features, interactive dashboards, ease of flexibility, and better scalability are some of the major prominent market factors encouraging enterprises across the globe to adopt the cloud deployment type.
The North American region of the capacity management market share is expected to hold the largest market share while the Asian Pacific region is expected to register the highest CAGR during the ongoing forecast period. The quick pace of the product and technology development in the telecom and IT verticals is expected to increase the deployment of capacity management solutions across all regions.
Capacity Management Market Competitive Landscape
The key market players dominating the capacity management market are as follows:Â Â Â Â
- International Business Machines Corporation (IBM)
- CPT Global (CPT Global)
- BMC Software, Inc. (BMC Software)
- Nlyte (Nlyte Software)
- CA Technologies (CA Technologies)
- Riverbed Technology (Riverbed)
- Syncsort (Syncsort)
- TeamQuest Corporation (TeamQuest)
- NetApp (NetApp)
- Sumerian (Sumerian)
- VMware, Inc (VMware)
- Hewlett Packard Enterprise Development LP (HPE)
- TEOCO Corporation (TEOCO)
Capacity Management Market Recent Developments
- In December 2017, one of the prominent market companies - IBM partnered with Blue Prism to deliver enterprises across the world with scalable, secure, and easy-to-use digital workspace capabilities for the target audience. Digital workspace capabilities would help enable enterprises to enhance the user experience and delivery of new products and services using intelligent automation.
- In November 2017, HPE entered into a partnership with Rackspace to offer the private cloud, OpenStack, on a pay-per-use model. This model is likely to have helped the companies in serving the requirements of their clientele to manage IT resources to meet the business requirements.
- In October 2017, another market company - BMC Software had announced solution enhancements by integrating AI, machine learning, and predictive capabilities with its existing IT service management solutions. The upgrade would be extending help to the market enterprises transform their service management capabilities and add value to the existing systems. Furthermore, this upgrade would help address the challenges faced while delivering services in complex multi-cloud environments.
- In October 2017, NetApp took to the international scale and launched a series of software, including NetApp SolidFire Element OS, ONTAP, Storage GRID Web scale, and others like On Command Insight software, that is further strengthening the company’s Data Fabric solution portfolio. The introduction of the new software helps in enabling the data fabric solutions to help customers optimize cost, accelerate and protect data, and also, build next-generation data center architectures.
Capacity Management Market Report Overview
The capacity management market report talks about the dynamics of the market and the trends that follow to help the market grow during the forecast period ending in 2023. The COVID 19 pandemic has changed the way of working and providing IT solutions and the report helps in analyzing the same. The way companies are finding their way back with the boost is discussed and mentioned for investment purposes as well.
Report Attribute/Metric
|
Details
|
Market Size
|
USD 5.63 Billion
|
CAGR
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19.80%
|
Base Year
|
2021
|
Forecast Period
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2022-2030
|
Historical Data
|
2020
|
Forecast Units
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Value (USD Billion)
|
Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
Segments Covered
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By Component, Deployment Type
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Geographies Covered
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North America, Europe, Asia Pacific
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Key Vendors
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International Business Machines Corporation (IBM), CPT Global (CPT Global), BMC Software, Inc. (BMC Software), Nlyte (Nlyte Software), CA Technologies (CA Technologies), Riverbed Technology (Riverbed), Syncsort (Syncsort), TeamQuest Corporation (TeamQuest), NetApp (NetApp), Sumerian (Sumerian), VMware, Inc (VMware), Hewlett Packard Enterprise Development LP (HPE),TEOCO Corporation (TEOCO)
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Key Market Opportunities
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The rise of the major factors for the same is being considered to be the rise in the growth are the opportunities in the way for cloud solutions as well as digitization.
|
Key Market Drivers
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The faster pace of technological developments in the global functioning of the capacity management market has led to the higher adoption of new technologies among ICT enterprises.
|
Capacity Management Market Highlights:
Frequently Asked Questions (FAQ) :
The technology investors, capacity providers, research and consultancy firms, government bodies, as well as, technology solution providers are the intended audience.
The market is expected to grow at a global CAGR of 19.80% during the forecast period of 2022-2030.
The North American market is likely to attain domination in the international market scale during the ongoing period that ends in 2023.