Capacity Management Market Report Scope and Overview
The Capacity Management Market size was valued at USD 1.30 billion in 2023, with a projected CAGR of 19.86% to reach USD 5.56 billion by 2031 as per the SNS Insider report. The faster pace of technological advancements in the worldwide functioning of the capacity management market is responsible for the higher adoption of novel technologies among various ICT enterprises.
The adoption of novel technologies by the worldwide market premises, in turn, is responsible for the smoothening of the enterprises’ business processes. This is further responsible for the major rise in the capacity issues in IT services, thereby disrupting the organizations’ productivity along with resource utilization. To avoid this, organizations are deploying specific capacity management solutions for effectively allocating and using their IT resources, depending on the demand and forecasted optimization costs.
Get a Report Sample of Capacity Management Market @ https://www.snsinsider.com/sample-request/2311
Some of the Major Key Players Studied in this Report are:
- Riverbed Technology
- BMC Software
- CPT Global
- VMWare
- HPE
- Netapp
- CA Technologies
- IBM
- Neubrain
- Amway
- Others
The technological advancement in the ICT domain as a part of the mushrooming capacity management market share has led enterprises to enhance their business productivity. Following the transformation, worldwide organizations have adopted and integrated novel technologies into their preexisting infrastructure. The global collection of legacy systems with novel technologies and their employment has further raised the complications of IT infrastructures.
Furthermore, enterprises are also finding it difficult to effectively manage their infrastructures while emphasizing their core competencies. These complications make it hard for functional enterprises to collect data for planning coupled with managing their IT capacity to efficiently match the dynamic trends about the demand and supply-side necessities and optimize resource allocation and utilization. Thus, enterprises require capacity management solutions to enhance their operational efficiency and optimize the operational costs and IT infrastructures to avoid outages and overspending.
Segment Analysis
Capacity management solutions have empowered companies by allowing them to properly execute their IT infrastructure and resource capacity to reduce disruptions and minimize expenses associated with performance and resources. These solutions have allowed companies to collect data from many infrastructure units to deliver a complete view of all IT resources and infrastructure on a single platform. The major factor witnessed to fuel market growth for small and medium enterprises is the quick implementation of capacity management systems by SME(s) to boost infrastructure investments. These are the key forces that are propelling the growth of this segment.
Market Segmentation and Sub-Segmentation Included Are:
On The Basis of Component
- Solutions
- Services
On The Basis of Organization Size
- Small and Medium-sized Enterprises
- Large enterprises
On The Basis of Deployment Type
- On-premises
- Cloud
On The Basis of Vertical
- Telecom
- Information Technology (IT)
- Healthcare
- Manufacturing
- BFSI
- Retail
- Hospitality
- Government and public
- Others
Strategic Mergers & Acquisitions are Propelling the Market Growth
The Capacity Management Market is highly competitive due to the presence of Numerous players including domestic and international markets. The market represented to be moderately concentrated with so many big giants delivering their solutions. The major strategies adopted by the key players in the market are product innovation, strategic mergers and acquisitions, among others in order for the expansion of their product functionality and staying competitive in the market landscape. Some of the key players in the market are HPE, Broadcom Inc., NetApp, Inc. & IBM Corporation, among others.
Recent Developments Showcase Novel Product Developments
In Apr 2020 – TEOCO launched its ASSET 2020 solution which is the latest release of its leading radio network planning tool. The product functions assist with dynamic spectrum sharing between 5G neighbour planning, 4G and 5G, and automatic site placement for 5G &5G measurements support.
North America Dominated the Market in 2023 Driven by the Presence of Major Key Players in This Region
The North American region has witnessed significant growth in the capacity management analytics market due to the presence of diverse players in these solutions such as BMC Software, IBM, and VMware, among others.
Modern manufacturing facilities in the US depend on novel technologies to deliver higher quality products at a major rate, with lower costs. Due to the organization’s early adoption of advanced technologies including IoT, DevOps, big data, and mobility, key manufacturers in the US are witnessing a demand for these solutions to streamline their processes and utilize their deeper insights.
Moreover, the region is one of the leading pioneers, in terms of the adoption of these solutions, which is one of the largest markets. The rising demand in the region is usually driven, by a major emphasis on innovations via R&D and technological advancements in emerging economies, such as the United States and Canada.
Ask for a Discount @ https://www.snsinsider.com/discount/2311
Key Takeaways
- The North American region is expected to hold the largest market share due to the rapid pace of the product development in the telecom and IT verticals is expected to raise the adoption of these solutions in the respective regions.
- Manufacturing Segment is witnessed for major growth as with the introduction of industry 4.0 in the manufacturing industry, key plants are adopting digital technologies to improves, automate, and modernize the whole process.
Table of Contents- Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Impact Analysis
- Impact of Ukraine- Russia war
- Impact of Ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Capacity Management Market Segmentation, by Component
- Solutions
- Services
- Capacity Management Market Segmentation, by Organization Size
- Small and Medium-sized Enterprises
- Large enterprises
- Capacity Management Market Segmentation, by Deployment Type
- On-premises
- Cloud
- Capacity Management Market Segmentation, by Vertical
- Telecom
- Information Technology (IT)
- Healthcare
- Manufacturing
- BFSI
- Retail
- Hospitality
- Government and public
- Others
- Regional Analysis
- Introduction
- North America
- Europe
- Asia-Pacific
- The Middle East & Africa
- Latin America
- Company Profile
- Competitive Landscape
- Competitive Benchmarking
- Market Share Analysis
- Recent Developments
- USE Cases and Best Practices
- Conclusion
About Us
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we’re proud to be recognized as one of the world’s top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.
