The Capacity Management Market, a crucial facet of organizational efficiency, is witnessing substantial growth. This surge is primarily fueled by the imperative need to streamline IT resources, ensuring optimal performance and cost-effectiveness.
The market, valued at USD 1.09 billion in 2022, is anticipated to witness a remarkable compound annual growth rate (CAGR) of 19.86% between 2023 and 2030, as per the latest report by SNS Insider. Capacity management involves the strategic allocation and alignment of resources, including IT assets and intellectual properties, ensuring their optimal utilization to enhance operational efficiency and drive profitability.
Capacity Management Market Scope
Capacity management encompasses the strategic allocation and optimization of resources, including IT assets and intellectual properties, ensuring their efficient utilization for organizational tasks. It involves monitoring, analyzing, and anticipating IT resource usage, fostering operational efficiency and maximizing profits. This practice aids in comprehensive planning, alignment, and utilization of an organization’s IT resources, contributing to enhanced functionality and streamlined operations.
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Major Key Players Included in the Report are:
- Riverbed Technology
- BMC Software
- CPT Global
- VMWare
- HPE
- Netapp
- CA Technologies
- IBM
- Neubrain LLC
- Amway
- Others
Capacity Management Market Analysis
The surge in demand for capacity management stems from the pressing need to simplify IT resources amid a rapidly evolving landscape. The transition towards Software as a Service (SaaS) within cloud storage solutions has been instrumental in reshaping corporate data management, resulting in significant cost and time savings. However, challenges such as the high deployment costs of cloud-based services have somewhat restrained the market, particularly impacting smaller enterprises’ adoption.
Market Segmentation Analysis
The market segments into Solutions and Service, with Solutions, including Network Capacity Management, Storage Capacity Management, and Application Capacity Management, poised to dominate, enabling comprehensive IT infrastructure planning and performance optimization.
In terms of Industry Verticals, Telecom and Information Technology hold the largest market share and are anticipated to grow substantially. The swift development within these sectors globally is anticipated to fuel the adoption of capacity management solutions.
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
Regional Development
North America leads the capacity management market share, driven by robust technological advancements and swift product development within telecom and IT verticals. Meanwhile, the Asian Pacific region is expected to witness the highest CAGR, spurred by a surge in technology deployment across diverse industries.
Key Takeaways from the Capacity Management Market Report
- Essential Resource Optimization: Capacity management offers businesses a pivotal tool for streamlined IT infrastructure planning, minimizing downtime, and optimizing performance and resource utilization.
- Sectoral Growth Drivers: Telecom and IT industries spearhead market growth, poised for significant expansion due to technological advancements and rapid development.
Recent Developments
- April 2020: TEOCO launched ASSET 2020, an advanced radio network planning tool catering to over 300 communication service providers worldwide, offering 5G site placement, neighbor planning, and support for dynamic spectrum sharing.
- 2019: Syncsort’s acquisition of Pitney Bowes’ data and software division created a powerhouse in data management, supporting enterprises globally with a wide range of solutions and enhanced agility.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 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
- Capacity Management Market Segmentation, by Organization Size
- Capacity Management Market Segmentation, by Deployment Type
- Capacity Management Market Segmentation, by Vertical
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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