Cloud Management Platform Industry Statistics

In this post, we will explore the latest statistics and trends shaping the Cloud Management Platform industry. From the global market size to regional trends and key players, these data points offer valuable insights into the evolving landscape of cloud management solutions. Stay tuned to discover the significant findings driving the growth and adoption of Cloud Management Platforms in today’s digital era.

Statistic 1

"As per 2019, the global market size of Cloud Management Platforms was valued at $6.10 billion."

Statistic 2

"The foremost reason behind the growth in this industry is the increasing adoption of hybrid cloud."

Statistic 3

"In 2020, around 59% of businesses reportedly use a hybrid cloud management solution."

Statistic 4

"Large Enterprises account for the largest market share of the Cloud Management Platform market."

Statistic 5

"Desired State Manager, a cloud management solution methods, is estimated to grow at the highest CAGR during the forecast period."

Statistic 6

"North America held a majority of market share of about 45% in 2019."

Statistic 7

"The Asia-Pacific region is projected to see the highest CAGR growth in the Cloud Management Platform Market until 2025."

Statistic 8

"In 2020, 45% of companies spent over a quarter of their IT budgets on cloud services."

Statistic 9

"Over 90% of companies have a multi-cloud strategy in 2021."

Statistic 10

"IT and Telecom is expected to maintain its leadership in the application of Cloud Management Platform through to 2026."

Statistic 11

"The average organization utilized eight different cloud providers in 2020."

Statistic 12

"Cloud Management Platform Market to Reach USD 26.4 billion' by the end of 2025."

Statistic 13

"Private cloud deployments have shrunk down to just 20.4% in 2020 from 63% in 2015."

Statistic 14

"About 74.7% of workloads are on public cloud in 2021."

Statistic 15

"Microsoft Azure holds 20% of the global cloud market share."

Statistic 16

"Google Cloud holds about 9% of the global market share in cloud management platforms."

Statistic 17

"Only around 19% of organizations have a central cloud team or cloud Center of Excellence (CoE) in 2021."

In conclusion, the cloud management platform industry has experienced significant growth driven by the increasing adoption of hybrid cloud solutions, particularly among large enterprises. The market has seen notable contributions from regions such as North America and Asia-Pacific, with projections indicating continued growth in the coming years. The shift towards multi-cloud strategies, significant investments in cloud services, and the dominance of key players like Microsoft Azure and Google Cloud further highlight the evolving landscape of cloud management platforms. It is evident that the industry is poised for substantial growth and innovation in the foreseeable future.