Market Scenario
Market Research Future (MRFR), in its latest report on the capacity management market 2020 states factors that can cause an exponential rise of the market. As per MRFR analysis, the global capacity management market can rise at 19.03% CAGR across the review period 2018–2023. On the conclusion of the study period, the capacity management market can value at about USD 1,568.48 million. A detailed study on the impact of COVID 19 outbreak on the capacity management market is explained in the report.
The rise in the need to empower organizations with resources to design effective plans is expected to support the expansion of the capacity management market across the analysis period. The need for proper analytical resources in meeting organizational requirements that assist in planning, implementation, and in maintaining resources for maximum throughput is likely to support the expansion of the capacity management market size in the review period. Another primary factor that can boost the expansion of the capacity management is the increase in the need to safeguard enough resources that can meet the existing and upcoming business demands.
The rise in need for ensuring justifiable costs can also benefit the capacity management market across the review period. The growing gain of capacity management due to increase in the need for consistent development across the booming IT infrastructure can promote the rise of the market in the analysis period. The intensifying competition among companies that are innovating existing products and start-ups introducing new solution can provide a competitive advantage to the capacity management market across the study period. The growing application of Capacity management solutions across verticals with different organizational structure can also support the expansion of the market. The ability of capacity management solutions to streamline IT complexity in resources can fueling the expansion of the capacity management market in forecast period.
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Market Highlights
Information Technology Infrastructure Library (ITIL) is heavily adopted by enterprises recently, due to its robust IT standards and maturity of IT service management. These services are helping enterprises with adequate IT infrastructure accompanied by streamlining IT resources. Capacity management benefits the businesses in terms of monitoring costs, budgeting, scaling, matching capacity to business needs, and others. These advantages provide enterprises with a sustainable competitive advantage which helps them to stay ahead in the highly challenging market. Enterprises are deploying digital services ubiquitously. Hence, it is necessary to match the growing demands for these services with the capacity of IT infrastructure.
Market Segmentation
The segment assessment of the capacity management market is done by verticals, organization size, component, and deployment type.
The component-based segments of the capacity management global market are solutions and services.
The solutions-based segments of the capacity management global market are network capacity management, storage capacity management, and application capacity management.
The services-based segments of the capacity management global market are training and education, consulting, implementation and testing, and support and maintenance.
The organization size-based segments of the capacity management global market are SMEs and large enterprise.
The deployment type-based segments of the capacity management global market are on-cloud and on-premises.
The verticals type-based segments of the capacity management global market are government, healthcare, hospitality, information technology (IT) and telecom, BFSI, transportation, retail, manufacturing, and others. The other segments comprise education, energy and utility, and oil & gas.
Regional Analysis
Trends of the capacity management market is studied for APAC, EU, North America, and Europe. In North America, the expansion of the capacity management market across the review period is likely, due to the presence of major capacity management service and solution providers, such as VMware, IBM, BMC Software, and others. In addition, the growing adoption of technology and rise in optimization of IT resources can support the expansion of the market across the study period. In Asia Pacific, the introduction of capacity management in SME can boost market rise.
Key Players
Nlyte Software (US), IBM (US), BMC Software (US), Aspire Technology (Ireland), VMware (US), NetApp (US), Riverbed Technology (US), CA Technologies (US), HelpSystems (US), Syncsort (US), TEOCO (US), Sumerian (Scotland), and HPE (US) are some prominent players functioning in the capacity management market profiled by MRFR.
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Capacity Management Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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