(MENAFN- GlobeNewsWire - Nasdaq) The CMP market thrives on the rise of hybrid and multi-cloud strategies, with surging demand for centralized control and automation. Growth is fueled by digitalization, cloud-native apps, and AI-driven operations, especially among SMEs. Key sectors like BFSI and healthcare drive adoption; public cloud and software dominate.Dublin, Aug. 21, 2025 (GLOBE NEWSWIRE) -- The "Cloud Management Platform - A Global Market Overview" has been added to ResearchAndMarkets.com's offering.
The global Cloud Management Platform (CMP) market is rapidly evolving as organizations increasingly embrace hybrid and multi-cloud strategies to boost agility, scalability, and cost management. CMPs provide centralized governance, visibility, and automation across various cloud environments, fostering workload orchestration, optimal resource use, and compliance adherence. With approximately 90% of companies adopting multi-cloud strategies, the necessity for powerful management platforms is on the rise. They facilitate provisioning, cost optimization, security, governance, and performance monitoring, solidifying their role as indispensable in today's complex IT landscape.
The market is forecasted to expand from USD 21 billion in 2024 to USD 54.8 billion by 2030, achieving a CAGR of 17.3%, spurred by digital transformation, artificial intelligence-driven automation (AIOps), and cloud-native application proliferation. Leading adopters are large enterprises due to their wide-scale infrastructure demands, though SMEs are emerging as a quick-growing segment, utilizing cost-effective, cloud-first strategies. Key sectors like BFSI, healthcare, retail, and telecom increasingly depend on CMPs to promote scalable, secure, and efficient digital operations. With cloud environments becoming more distributed and data-focused, CMPs are central to ensuring business continuity, innovation, and sustainable modernization.
Regional Market Insights
North America is set to dominate, holding 35.5% of the global CMP demand in 2024. This is driven by technological leadership in AI, machine learning, and IoT necessitating scalable cloud infrastructures. Organizations in the U.S. have spearheaded this early adoption, backed by leading providers like AWS, Microsoft Azure, and Google Cloud. Meanwhile, Asia-Pacific is poised for the fastest regional CAGR of 21.4% from 2024 to 2030, fueled by a surge in digital transformations, rapid economic development, and increasing internet access, with China, India, and Southeast Asia at the forefront.
Market Analysis by Component
Software/Platform is anticipated to command 64.4% of the market share in 2024, driven by the need for comprehensive solutions managing complex cloud environments. Demand for platforms offering unified management, visibility, and control across varied providers (AWS, Azure, GCP) is climbing. The Services segment is expected to grow faster, with a projected CAGR of 17.8% from 2024 to 2030. Managed services like consulting, implementation, and support are increasingly popular, particularly among SMEs looking to outsource cloud management for operational ease and cost reduction.
Deployment Type Analysis
Public Cloud deployments are predicted to contribute to 50% of the market in 2024, attributed to their unmatched scalability for dynamic resource allocation. While public cloud commands the majority, hybrid and multi-cloud solutions are projected to grow at a CAGR of 19.5% from 2024 to 2030. These models offer a balance of cost-efficiency, control, and security across public and private clouds, optimizing workloads and reducing vendor dependencies.
Market Dynamics by Company Type
Large Enterprises will account for 70.7% of CMP deployment in 2024, primarily because of their extensive IT infrastructure needs. Despite this dominance, SMEs will exhibit a faster growth rate with a CAGR of 18.3% through 2030. SMEs are increasingly adopting cloud solutions to remain competitive and leverage cloud management platforms' cost optimization capabilities, ensuring scalability within budget constraints.
Application-Specific Insights
Provisioning & Orchestration applications will lead with a 30.1% share in 2024, projected to grow at a 20.5% CAGR from 2024 to 2030. These functions are vital for efficient cloud environment management, enabling seamless resource deployment and workflow automation across diverse platforms.
Sector Analysis
The BFSI sector leads CMP demand, accounting for 21.6% of the market in 2024, due to high operational complexities. However, Retail & Ecommerce sectors will see the fastest growth at a CAGR of 21.9% from 2024 to 2030, driven by digital transformation and variable consumer demand necessitating elastic cloud resources.
Market Report Scope
This report offers an in-depth analysis of the global CMP market, covering components, deployment types, company types, applications, and industry sectors from 2021 to 2030. Key metrics include historical and forecast data in USD and profiles of over 35 leading companies, alongside current corporate developments.
Geographic Regions Covered:
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Component Types:
Software/Platform, Services
Deployment Types:
Public Cloud, Private Cloud, Hybrid & Multi-cloud
Company Types:
Applications:
Provisioning & Orchestration, Cost Management & Optimization, Security & Compliance Management, Performance Monitoring, Governance
Industry Sectors:
BFSI, IT & Telecom, Manufacturing, Government, Healthcare, Retail & Ecommerce, Energy & Utilities, Transportation, Education
Key Attributes
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