The global cloud performance management market revenue was around US$ 1.38 billion in 2022 and is estimated to reach US$ 5.89 billion by 2031, growing at a compound annual growth rate (CAGR) of 17.5% during the forecast period from 2023 to 2031.
Cloud performance management is the process of examining numerous metrics and benchmarks for cloud systems. It is used to evaluate a specific cloud system's performance and identify areas for improvement. The focus of performance management is often on the actual performance of physical or virtual systems. It examines elements like CPU, workload and memory consumption, signal, and system delay.
Market Driving Factors
Hybrid cloud infrastructure is a growing trend around the world that propels market growth. A hybrid cloud setup makes it very easy to expand processing power and run more complex, resource-hungry apps with public cloud options. However, utilizing encryption techniques to ensure data security during this method is rather easy in a hybrid cloud environment. With a hybrid cloud, the IT staff has several options for securing data storage and transmission. Hybrid clouds generally aid organizations in lowering long-term costs to free up extra-budgetary space. The business can save money while expanding due to the simplicity and low price of scaling a hybrid cloud upward.
Increasing demand for effective management of productivity and performance of the cloud boosts the market. Industries are getting more and more complicated and competitive. Companies need to put a lot of effort into increasing efficiency and improving customer experience if they want to maintain a position in the market. Compromises in cloud performance may result in unhappy customers and financial losses for businesses. Cloud performance management and monitoring have tremendously benefited in the management of cloud performance. It enables quick and easy pattern recognition to identify potential productivity risks and flaws that could endanger the cloud infrastructure's overall effectiveness.
Concerns about data breaches and cyberattacks hamper the market.
Regional Analysis
Asia Pacific is anticipated to dominate over the forecast period. This is due to the increasing need for managed cloud and professional services, particularly in countries like Japan that have a developed cloud ecosystem. This is a result increasing movement of sophisticated big data workloads to cloud platforms, including enterprise resource planning (ERP) applications. The development of single-tenant cloud servers with API access and the spread of open-source technologies contribute to the rising acceptability of managed private cloud providers. In addition, as the Internet of Things (IoT) increases, the cloud plays a more important role in facilitating the creation and distribution of IoT applications. In this region, firms are reconstructing their networks and executing cloud services to deal with the information expansion.
Segmentation Insights
Component Insight
The service segment is predicted to dominate the market. This is due to the widespread use of infrastructure and user center methods for managing IT performance, as well as organizations' interest in tracking IT services for mobile users. The services are essential for managing and maintaining solutions and software, implementing the software in place in the infrastructure of the company, and offering training. Companies with specialized teams, software specialists, and consultants offer these services.
Deployment Type Insight
The public cloud segment dominated the market in terms of shares over the forecast period. The purpose of cloud performance testing tools and monitoring is to aid organizations in achieving visibility into their virtual environments by evaluating performance using specific techniques and metrics. Efficient cloud performance is essential to ensure company continuity and offer everyone who requires access to internet-based services access. This is true for cultivated hybrid and multi-cloud designs and general public cloud usage.
Prominent Companies
Segmentation Outline
The global cloud performance management market segmentation focuses on Components, Deployment Type, Industry Vertical, and Region.
By Component
By Deployment Type
By Industry Vertical
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CLOUD PERFORMANCE MANAGEMENT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET, BY COMPONENT
5.1 OVERVIEW
5.2 SOLUTIONS
5.3 SERVICES
6 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE
6.1 OVERVIEW
6.2 PUBLIC CLOUD
6.3 PRIVATE CLOUD
7 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET, BY INDUSTRY VERTICAL
7.1 OVERVIEW
7.2 BFSI
7.3 IT & TELECOM
7.4 GOVERNMENT & PUBLIC SECTOR
7.5 MANUFACTURING
7.6 RETAIL & CONSUMER GOODS
7.7 HEALTHCARE & LIFE SCIENCES
7.8 ENERGY & UTILITIES
7.9 OTHERS
8 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL CLOUD PERFORMANCE MANAGEMENT MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 MICROSOFT
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 IBM
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 NETSCOUT
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 ORACLE
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 VMWARE
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 CA TECHNOLOGIES
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 NUTANIX
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 DYNATRACE
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 APP DYNAMICS
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 BMC SOFTWARE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 HR CLOUD INC
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 LANTERIA LLC
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 NAMLABS TECHNOLOGIES PVT LTD
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 RIVERBED TECHNOLOGY
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 MARIN SOFTWARE
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 EXTRAHOP NETWORKS INC
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 CITRIX SYSTEMS INC
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.18 COMMVAULT
10.18.1 OVERVIEW
10.18.2 FINANCIAL PERFORMANCE
10.18.3 PRODUCT OUTLOOK
10.18.4 KEY DEVELOPMENTS
10.18.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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