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Predicting business needs and being able to meet IT resource requirements of enterprises is expected to be driving the overall capacity management market
The capacity management market size is expected to grow from USD 597.5 million to USD 1,557.9 million by 2023, at a Compound Annual Growth Rate CAGR of 21.1% during the forecast period. Capacity management solutions empower enterprises and enable them to efficiently plan their IT infrastructures and resource capacities. These solutions also help predict the future trends of IT resource requirements to avoid outages and optimize costs incurred toward underutilized resources. The capacity management market is expected to gain traction, as organizations are deploying adequate capacity management solutions for effectively allocating and utilizing their IT resources, depending on their demand and optimization costs. However, the slow adoption of capacity planning among Small and Mediumsized Enterprises SMEs is expected to impact the capacity management market's growth.
The solutions subsegment of the component segment is expected to hold the larger market size during the forecast period
Among the components segment of the capacity management market, the solutions subsegment is estimated to contribute to the largest market size in 2018. Capacity management solutions help enterprises optimize their costs and resources that further reduces their business risks. These solutions is widely adopted among industry verticals, due to the increasing complexities of IT infrastructures and the fierce market competition. However, the services subsegment under the component segment is expected to grow at a higher CAGR, as organizations are focusing on improving and enhancing their customer relationships with the help of capacity management services.
The cloud deployment type is expected to grow at a higher CAGR during the forecast period
Cloud is the fastest growing deployment type in the capacity management market. It is expected to grow at a higher CAGR of 24.6% during the forecast period. Enhanced security features, interactive dashboards, ease of flexibility, and better scalability are some of the major factors that are expected to encourage enterprises across the globe to adopt the cloud deployment type. Moreover, the cloudbased deployment model offers higher agility as compared to that of the onpremises deployment model.
Asia Pacific APAC is expected to be the fastest growing region during the forecast period
Asia Pacific APAC is expected to be the fastest growing region during the forecast period. The high growth rate in the APAC region can be attributed to the positive outlook of countries toward the utilization of application management, storage management, and network capacity management for various business processes. Furthermore, the growing need for cost optimization and effective utilization of IT infrastructures is expected to propel the demand for capacity management solutions and associated services.
In the process of determining and verifying the total market size, several segments and subsegments were gathered through secondary research and extensive primary interviews were conducted with key people. The breakdown of the primary participants is as follows:
By Company: Tier 1 35%, Tier 2 45%, and Tier 3 20%
By Designation: Clevel 72%, Director level 17%, and Manager level 11%
By Region: North America 45%, Europe 20%, APAC 30%, and RoW 05%
Capacity management ecosystem comprises service and solution providers, such as IBM US, BMC Software US, CA Technologies US, NetApp US, Riverbed Technology US, HPE US, TEOCO US, VMware US, Sumerian Scotland, Syncsort US, TeamQuest US, Nlyte Software US, CPT Global Australia, Neubrain US, Axway US, IDERA US, SolarWinds Worldwide US, Turbonomic US, Aspire Technology Ireland, ASG Technologies US, ManageEngine IT division of Zoho Corp US, Planview US, and HelpSystems US.
The report includes indepth competitive analysis of the key players in the capacity management market, with their company profiles, recent developments, and key market strategies. The research report segments the capacity management market by component, deployment type, organization size, vertical, and region.
Reasons to Buy the Report
The capacity management market has been segmented by component, deployment type, organization size, vertical, and region. The report would help market leaders/new entrants in this market in the following ways:
1. The report segments the capacity management market comprehensively and provides the closest approximations of the revenue numbers for the overall market segments and subsegments. The market numbers are further split across different verticals and regions.
2. The report helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps the stakeholders to understand their competitors better and gain more insights to improve the position of their businesses. There is a separate section on the competitive landscape, including competitor ecosystem and mergers and acquisitions. Besides, there are company profiles of major vendors offering capacity management solutions and services.
Original Article: Capacity Management Market by Component Solutions, and Services, Organization Size Large Enterprise, and SMES, Deployment Type Cloud, and OnPremises, Vertical IT, Telecom, Healthcare, Manufacturing BFSI, and Region Global Forecast to 2023 [Report UpdatedNEXT ARTICLE
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