Cloud Management Platform Market Report 2025

The cloud management platform market size has grown rapidly in recent years. It will grow from $18.39 billion in 2024 to $21.28 billion in 2025 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed increasing adoption of cloud services, demand for enhanced security and compliance, increasing investments in digital transformation, complexity of multi-cloud environments, and rise in need for cost optimization.

The cloud management platform market size is expected to see exponential growth in the next few years. It will grow to $46.26 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to integration with DevOps practices, focus on cost optimization, container orchestration and Kubernetes integration, governance and policy automation. Major trends in the forecast period include enterprise digital transformation initiatives, hybrid cloud deployments, container orchestration and management, enhanced user experience and interface.

The increasing flexibility of cloud computing technology is poised to significantly drive the growth of cloud management platforms. Cloud computing strives to enhance internet-based database capabilities and scalability while concurrently reducing costs and mitigating risks. Organizations leverage cloud computing, employing remote computers hosted on the Internet, to effectively store, manage, and process critical data. These advancements and applications enable the dissemination of computing services ranging from servers, networking, software, analytics, storage, databases, to intelligence via the Internet, fostering rapid innovation, providing more adaptable resources, and yielding cost efficiencies. For instance, as per the Flexera 2022 State of the Cloud report, derived from a survey involving 753 respondents on cloud adoption conducted in 2021, the data revealed a surge in year-on-year spending on cloud services, with 53% of participants allocating $1.2 million in 2022, up from 38% in 2021. Consequently, the escalating adaptability of cloud computing technology is poised to serve as a catalyst propelling the growth trajectory of the cloud management platform market.

Rising cybersecurity threats are expected to drive the growth of the cloud management platform (CMP) market in the coming years. Cybersecurity threats involve hostile actions or potential risks that target networks, computers, and digital data to gain unauthorized access, disrupt, damage, or steal information. CMPs are essential for strengthening cybersecurity by enabling monitoring and management of security across public, private, and hybrid cloud environments. This facilitates faster identification and response to potential threats. For example, in November 2023, the Australian Signals Directorate’s 2023 ASD Cyber Threat Report indicated that in the 2022-23 financial year, ReportCyber received nearly 94,000 cybercrime reports, a 23% increase from the prior year. Thus, the rise in cybersecurity threats is propelling growth in the cloud management platform market.

Leading companies in the cloud management platforms market are concentrating on developing advanced solutions, such as hybrid cloud management platforms, to gain a competitive edge. Hybrid cloud management platforms provide organizations with tools to manage, monitor, and optimize resources across both public and private cloud environments from a single interface. For example, in December 2023, Hitachi Vantara, a subsidiary of Hitachi, Ltd., based in the US, introduced the Hitachi Unified Compute Platform (UCP) for GKE Enterprise in collaboration with Google Cloud. This initiative aims to support customers in their cloud transitions. Leveraging Google Distributed Cloud Virtual (GDCV), Hitachi UCP for GKE Enterprise provides a unified platform for managing hybrid cloud operations, enhancing efficiency, scalability, and flexibility across infrastructure and applications.

Prominent players within the cloud management platform sector are directing their efforts towards product launches, particularly focusing on innovative solutions such as the multi-hybrid cloud and edge-integrated management platforms aimed at facilitating holistic cloud transformations. The concept of a multi-hybrid cloud denotes a computing environment that amalgamates multiple public and private clouds, fostering seamless mobility of data and applications across diverse cloud infrastructures. An exemplar of this trend occurred in April 2023 when Cognizant, a leading US-based multinational IT services and consulting firm, unveiled Cognizant Skygrade. This platform stands out due to its ability to seamlessly integrate across varied multi-cloud environments, offering unified perspectives, expediting migration processes, providing access to diverse cloud functionalities, minimizing risks, enabling comprehensive management, and adopting an industry-specific approach. These distinctive features collectively position Skygrade as a valuable asset in the cloud management platform market. It equips organizations with an efficient, all-encompassing tool to oversee, modernize, and optimize their cloud landscapes while mitigating risks and fostering innovation tailored to specific industry needs.

In January 2023, Dell Inc., US-based, technology company, acquired Cloudify for $100 million. With this acquisition, Dell significantly bolsters its presence in the cloud management platform market, enhancing its DevOps capabilities and cloud services offerings to better serve customers in the rapidly evolving landscape of multi-cloud orchestration and infrastructure automation. Cloudify, Israel-based, an open-source, multi-cloud orchestration platform that can connect, automate, and manage infrastructure and networking environments.

Major companies operating in the cloud management platform market include Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Turbonomic Inc., International Business Machines Corporation, Cisco Systems Inc., Hewlett Packard Enterprise Company, CloudBolt Software Inc., VMware Inc., ServiceNow Inc., NetApp Inc., Citrix Systems Inc., Splunk Inc., BMC Software Inc., Nutanix Inc., Red Hat Inc., New Relic Inc., Rapid7 LLC, Cohesity Inc., Apptio Inc., LogicMonitor Inc., Flexera Software LLC, Flexera Software LLC, OpsRamp Inc., Scality Inc., CloudHealth Technologies Inc., CloudCheckr Inc., ParkMyCloud Inc., Fugue Inc., Zenoss Inc., Stratodesk Corporation.

North America was the largest region in the cloud management platform market in 2024. The regions covered in the cloud management platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud management platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud management platform is an integrated suite of software management tools designed to implement and monitor public, private, and hybrid cloud environments. It combines various features or modules that enable effective management across different virtual cloud settings. The platform’s purpose is to assist IT teams in optimizing and securing cloud infrastructure, including applications and data. Its goals include enhancing cloud management, optimizing costs and performance, and strengthening security.

Cloud management platforms consist of essential elements such as IT operations management (ITOM), IT service management (ITSM), and IT automation and configuration management (ITACM). ITACM involves software and SaaS solutions that streamline the configuration, transfer, and workload management of both physical and virtual systems, along with the applications and workloads they support, whether on-premises or in the cloud. These components are implemented across private, public, and hybrid cloud setups for both small and medium enterprises (SMEs) and large corporations. Key industries utilizing these platforms span across sectors including banking, financial services, and insurance (BFSI), telecommunications, IT and IT-enabled services (ITeS), government and public sectors, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, as well as healthcare.

The cloud management platform market research report is one of a series of new reports that provides cloud management platform market statistics, including cloud management platform industry global market size, regional shares, competitors with a cloud management platform market share, detailed cloud management platform market segments, market trends and opportunities, and any further data you may need to thrive in the cloud management platform industry. This cloud management platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud management platform market includes revenues earned by entities by data recovery, enterprise IT management, enterprise mobility management, incident management and IT asset management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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