The Asia Pacific Integrated Cloud Management Platform Market would witness market growth of 16.2% CAGR during the forecast period (2022-2028).
Concerns about the reliability of single cloud and vendor lock-in situations, as well as a growing preference for cost-sensitive cloud installations and increasing pressure to ensure compliance with various data security and privacy protection regulations, are driving businesses to implement multi-cloud management solutions. End-users have more bargaining power with multi-cloud management since they are better positioned to switch between several providers rather than relying on a single one. These users can also use multi-cloud management to move their workload over many clouds and increase data deployment flexibility. Multi-cloud management usually aids in avoiding vendor lock-in by permitting end-users to quickly switch between vendors.
Vendors of systems management software are beginning to draw increasing amounts of their revenue from analyzing and tracking applications and cloud infrastructure, a sector known as cloud management. Application performance monitoring vendors like Nastel Technologies, Inc., for example, now offer API connections with public cloud services, and clients use APM products to monitor loads put on public cloud VMs.
Setup automation solutions are currently being widely adopted to speed OpenStack and related cloud system software installations, as well as to assist cloud infrastructure configuration, which is propelling the industry forward. Portfolio management services provided by firms like Richtek Technology are commonly used by businesses to manage applications across their clouds and transfer applications between clouds in the cloud management market. The cloud management industry is divided into two categories: public and private/hybrid cloud. Private/hybrid cloud, which comprises hosted and outsourced private clouds as well as business on-premise clouds, was the most popular segment in the cloud management industry.
Emerging economies such as China, Japan, Australia, and New Zealand, as well as the rest of APAC, make up the Asia Pacific area. The APAC region is getting a lot of traction among international companies. Due to the region's large population, there are many applicants for each job opening, making recruiting in the APAC region a huge problem. Due to the region's large population, there are many applicants for each job opening, making recruiting in the APAC region a huge problem. Since the area contains nations like Singapore, India, Sri Lanka, Malaysia, and Hong Kong, which focus more on such characteristics, APAC firms are being made aware of the benefits offered by ICMP to overcome this difficulty. Also, advanced automation benefits and analytic metrics are two other aspects driving APAC organizations to use ICMP.
Cloud Management Platform Business will be in great demand in the Asia Pacific. In this area, there is a lot of skilled labor. It boosts the cloud management platform's adoption rate. This region's target audience also includes SMEs and large-scale businesses. The public cloud market segment will be extremely popular. In this region, there is a great need to improve agility. In addition, cloud adoption will aid in meeting client needs. All of these variables contribute to Asia Pacific's integrated cloud management platform market growth.
The China market dominated the Asia Pacific Integrated Cloud Management Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $513.6 Million by 2028. The Japan market is experiencing a CAGR of 15.5% during (2022 - 2028). Additionally, The India market would witness a CAGR of 16.9% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Government & Defense, Healthcare & Life Sciences, Energy & Utilities, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Integrated Cloud Management Platform Market is Projected to reach USD 6.3 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Micro Focus International PLC, IBM Corporation, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Microsoft Corporation, Oracle Corporation, VMware, Inc., Cognizant Technology Solutions Corporation, Lumen Technologies, Inc., and BMC Software, Inc. (KKR & Co., Inc.)
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