In a recent published report, Kenneth Research has updated the market report for Capacity Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Capacity Management Market products.
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In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Capacity Management Market over the period 2019-2026.The global capacity management market is expected to reach approximately USD 1,568.48 million by 2023 growing at a 19.03% CAGR over the forecast period 2018–2023.As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017.
Market Scenario
Capacity management empowers organizations to plan their resources efficiently. Analyzing resources is essential to meet organizational requirements which helps to plan, implement, and maintain maximum throughput. The primary focus of capacity management is to safeguard enough resources to meet the existing as well as upcoming business needs and ensure justifiable costs. Capacity management market is likely to gain traction due to consistent development in the IT infrastructure and competition between companies to create innovative products to maintain a competitive advantage. Capacity expansion scales the organizational structure of the company making it more complex, which affects its overall performance. Hence, increasing need to streamline the complexity of IT resources is fueling the growth of the capacity management market during the forecast period.
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According to MRFR analysis, the adoption of cloud-based services is expected to increase six-fold by the end of 2020. Large enterprises have adopted software as a service (SaaS) platform as a major element to store critical business data on the cloud, this gradual shift of data from on-premise to the cloud has helped the enterprises to save time and cost. Hence, increasing adoption of cloud-based services is driving the growth of the capacity management market. However, small and medium enterprises (SMEs) are slow adopters of capacity management because of the high cost incurred in the installation of cloud-based services. Therefore, the SMEs is expected to have a gradual growth in the market.
Key Players
Some of the key players of capacity management market include IBM (US), BMC Software (US), VMware (US), NetApp (US), CA Technologies (US), Aspire Technology (Ireland), HelpSystems (US), Riverbed Technology (US), Nlyte Software (US), and Syncsort (US).Sumerian (Scotland), TEOCO (US), and HPE (US) are a few other solution and service providers in the capacity management market. The prominent players in the market keep investing and innovating their research and development to present cost and time efficient offerings.
Segmentation
The market for capacity management is broadly segmented based on component, organization size, deployment type, and verticals. These segments are further sub-segmented into the following:
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By component, the capacity management market is segmented into solutions and services. By solutions, the market is further segmented into network capacity management, storage capacity management, and application capacity management. By services the market is further segmented into implementation and testing, consulting, support and maintenance, and training and education.
By organization size, the market is segmented into small and medium enterprise, and large enterprise.By deployment type, the market is segmented into on-cloud and on-premise.By verticals, the market is segmented into information technology (IT) and telecom, hospitality, BFSI, transportation, healthcare, manufacturing, retail, government, and others (energy and utility, education, and oil & gas).
Regional Analysis
The regional analysis of capacity management market is done for North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to account for the largest market share in the capacity management market during the forecast period. The presence of prominent capacity management solution and service providers like IBM, BMC Software, VMware, and others in the region is expected to drive the market. Furthermore, it is considered as the most developed and advanced region in terms of adoption of technology and optimization of IT resources. Asia-Pacific is another region which is expected to be the fastest growing in the market during the forecast period, due to technical advancements in countries like China, Japan, and India. Several innovations are being introduced in Europe to enhance capacity management in small and medium enterprises. Hence, the region is projected to register considerable growth in the capacity management market during the forecast period.
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Target Audience
IT developers
Capacity management vendors
Infrastructure provider
Cloud service providers
System integrators
Government agencies
Industrial users
Enterprise users
Network operators
Third-party vendors
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