Configuration Management Software Market Report 2024

The configuration management software market size has grown rapidly in recent years. It will grow from $12.76 billion in 2023 to $14.84 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth during the historic period can be attributed to the increasing adoption of DevOps practices, rising complexity in IT infrastructure, the need for efficient change management, a focus on regulatory compliance, and a shift towards cloud-based solutions.

The configuration management software market size is expected to see rapid growth in the next few years. It will grow to $27.32 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to the increasing number of software releases, a focus on scalability and flexibility, enhanced security requirements, the rise of agile software development, and efforts to reduce time-to-market. Major trends expected during this period include a growing demand for automation in software development, version control and tracking, integration of continuous integration and continuous deployment (CI/CD) pipelines, real-time monitoring and reporting, and the adoption of AI and machine learning in software development.

The increasing emphasis on digital transformation is anticipated to drive the growth of the configuration management software market in the future. Digital transformation involves integrating digital technologies into all business areas, fundamentally altering how organizations operate and deliver value to customers. This trend is accelerating because it helps organizations enhance efficiency, improve customer experiences, and remain competitive in a rapidly digitalizing marketplace. Configuration management software plays a crucial role in digital transformation by ensuring the consistent and reliable management of IT resources, which is essential for seamless integration, automation, and agility - key elements for driving and sustaining digital initiatives. For example, according to the UK Office for National Statistics, businesses in the non-financial sector generated $499.97 billion (£459.2 billion) in website sales in 2021, representing a 28.8% increase compared to 2019. In 2021, UK website sales were primarily driven by businesses with 1,000 or more employees, totaling $297.02 billion (£272.8 billion) and accounting for 59.4% of the overall UK website sales. Thus, the rising focus on digital transformation is a significant driver of the configuration management software market.

Leading companies in the configuration management software market are innovating technologically advanced solutions, such as SaaS offerings, to enhance flexibility and scalability for efficiently managing complex configurations. Software as a Service (SaaS) is a cloud-based service where software applications are delivered over the internet, allowing users to access and use the software via a web browser without needing to install or maintain it on local devices. For instance, in June 2024, Configit, a Denmark-based company specializing in software products and solutions for configuration lifecycle management, launched Configit Ace 6.5. This version of Configit Ace provides configuration lifecycle management (CLM) as a service, a SaaS solution that enables comprehensive management of product variants and configurations throughout the entire lifecycle of an enterprise’s product portfolio. Configit Ace 6.5's unique feature is its ability to centralize configuration logic from various enterprise systems into a standardized format compatible with any system supporting open API interfaces. It also includes functionalities for testing and validating product models and rules, detecting conflicts, and resolving data duplication issues preemptively, ensuring robust and secure integration into product configuration applications.

In October 2023, Atlassian, an Australia-based software company, acquired AirTrack for an undisclosed amount. This acquisition enhances Atlassian's capabilities in asset and configuration management by integrating AirTrack with Jira Service Management. The combined offering enables enterprises to monitor and manage critical assets across their organizations more effectively, reducing operational risks, costs, and vulnerabilities. AirTrack is an Australia-based provider of configuration management software.

Major companies operating in the configuration management software market are Google LLC, Microsoft Corporation, Amazon Web Services (AWS) Inc., IBM Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Co., ServiceNow Inc., Red Hat Inc., OpenText Corporation, Atlassian Corporation Plc, Micro Focus International, BMC Software Inc., ManageEngine, Puppet, SaltStack, Octopus Deploy Pty Ltd., Pointel Solutions, Plastic SCM, AdroitLogic Pvt Ltd., CFEngine Inc., Neutrinos, ProvisionPoint, Terraform, StableNet.

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

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

Configuration management software encompasses tools and applications designed to manage and control the configuration of systems, software, and infrastructure. This software ensures that all elements of a system's configuration are consistent and compliant with established policies and requirements. By utilizing configuration management software, organizations can maintain system integrity, minimize downtime, and adhere to both internal and external standards.

The main categories of configuration management software include software and services. Configuration management software (CMS) refers to a range of tools and solutions developed to systematically and efficiently manage changes to IT infrastructure, software applications, and related components. It can be deployed both on-premises and in the cloud. This software is used by small and medium-sized enterprises (SMEs) as well as large enterprises, and it is applied across various sectors including banking, financial services, insurance (BFSI), education, retail, healthcare, information technology (IT) and telecom, government, and more.

The configuration management software market research report is one of a series of new reports that provides configuration management software market statistics, including configuration management software industry global market size, regional shares, competitors with a configuration management software market share, detailed configuration management software market segments, market trends and opportunities, and any further data you may need to thrive in the configuration management software industry. This configuration management software 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 software market consists of revenues earned by entities by providing services such as change management, version control and rollback, compliance and auditing, automated deployment and monitoring and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The configuration management software market also includes sales of configuration management databases, change management tools, integration platforms and incident and problem management tools. 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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