Configuration Management Global Market Report 2024

The configuration management market size has grown rapidly in recent years. It will grow from $2.73 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. Configuration management gained popularity for providing stability, control, and enhanced efficiencies in managing IT resources. The growing digitization across industries further fueled the demand for real-time monitoring and analytics capabilities, driving the adoption of configuration management solutions. Moreover, as organizations increasingly embraced hybrid and multi-cloud environments, there was a corresponding need for robust management tools to maintain coherence and optimize resource utilization. These factors collectively contributed to the growth observed in the historical period.

The configuration management market size is expected to see rapid growth in the next few years. It will grow to $5.95 billion in 2028 at a compound annual growth rate (CAGR) of 16.9. In the forecast period, major trends are expected to include the integration of configuration management systems within software development processes, leveraging digital technologies to streamline operations. Additionally, there will likely be an emergence of solutions that seamlessly integrate electrical, mechanical, firmware, and software components, catering to the evolving needs of modern IT environments.

The surge in demand for cloud-based solutions is set to drive significant growth in the configuration management market. Cloud-based solutions, known for their scalability, cost-effectiveness, accessibility, rapid deployment, reliability, and availability, are increasingly adopted across industries. Configuration management plays a vital role in overseeing cloud-based solutions by automating provisioning, configuration, and maintenance tasks, ensuring consistency, compliance, and reliability. Recent data from September 2022 by AAG IT Support Service underscores a notable uptick in cloud service usage among technical and business professionals, underlining the rising need for automated management solutions in the configuration management market.

Key players in the configuration management sector are pushing boundaries with the development of cloud-based configuration lifecycle management platforms such as configit ace cloud14. This platform offers a holistic solution for managing product configuration definitions and configurations across diverse business processes throughout the product lifecycle. For instance, Configit Ace's debut of the configit ace cloud14 platform in January 2023 addresses the intricacies of products and systems, boasting features such as reliability, scalability, integration capabilities, compliance, and a unified source of truth. These functionalities empower businesses to efficiently handle complex products and systems while adhering to compliance and regulatory standards.

In January 2023, Perforce Software made a strategic move to bolster its presence in the DevOps realm by acquiring Puppet, a renowned provider of infrastructure automation expertise. This acquisition aims to enrich Perforce Software's suite of tools for enterprise customers, reinforcing its standing in the configuration management market. Puppet's proficiency in automating and streamlining IT infrastructure management aligns with Perforce Software's vision of delivering robust solutions for enterprise DevOps requirements, solidifying its position as a leader in the configuration management domain.

Major companies operating in the configuration management market are Amazon Web Services Inc., Microsoft Corporation, Alibaba Cloud Platform, International Business Machine Corporation, Oracle Corporation, Hewlett Packard Enterprise Development LP, VMware Inc., ServiceNow Inc., Red Hat Inc., Micro Focus, Atlassian Inc., BMC Software Inc., Progress Software Corporation, HashiCorp Inc., GitLab Inc., JetBrains s.r.o., Canonical Ltd., Chef Software Inc., Cloud Bees Inc., Northern.tech AS, CA Technologies, Octopus Deploy, Puppet Labs, Codenvy Inc., SaltStack Inc., Broadcom Inc., CFEngine AS.

North America was the largest region in the configuration management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the configuration management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the configuration management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Configuration management is indeed a systematic approach to handling changes to a system or product over its lifecycle. It involves identifying, controlling, and tracking configuration items (CIs), which are the components or elements constituting the system or product.

The main components in configuration management encompass solutions, services, and considerations for enterprise size. Solutions comprise software or technologies designed to oversee and regulate configurations within an organization's IT infrastructure. These solutions often feature modules such as the configuration management database (CMDB), service catalog, service definition, and others. They find utility across various applications such as managed services and professional services. Additionally, they cater to verticals such as banking, financial services, and insurance (BFSI), retail and consumer goods, transportation, energy, utilities, healthcare, manufacturing, and others.

The configuration management market research report is one of a series of new reports that provides configuration management market statistics, including configuration management industry global market size, regional shares, competitors with a configuration management market share, detailed configuration management market segments, market trends and opportunities, and any further data you may need to thrive in the configuration management industry. This configuration management 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 configuration management market consists of revenues earned by entities by providing services such as software configuration management, consulting services, tool implementation and integration, process design and documentation, training and education, audit and compliance services, and change management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The configuration management market also includes sales of documentation and knowledge management systems, asset management software, change management systems, deployment automation tools, and version control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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