The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: A Market on the Rise

• The change and configuration management market has experienced rapid growth.
• Increased from $2.06 billion in 2023 to $2.30 billion in 2024, with a CAGR of 11.7%.
• Growth driven by IT complexity, frequent software releases, downtime costs, ITSM framework adoption, and demand for scalability.

Future Growth Prospects

• Expected to reach $3.63 billion by 2028 at a CAGR of 12.1%.
• Factors include AI advancements, hybrid and multi-cloud environment expansion, zero trust security principles, edge computing, IoT, and self-service automation.
• Major trends: DevOps integration, continuous compliance, governance, and infrastructure as code (IaC) principles.

Rising Risk Management and Security Concerns Driving Market Growth

• Risk management and security concerns are propelling market growth.
• Increasing cyber threats and regulatory requirements.
• Importance of compliance with security standards and regulations.
• Example: 39% of UK companies experienced a cyberattack in 2022; 53.35 million individuals in the US affected by cybercrime in the first half of the same year.

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Key Players in the Change and Configuration Management Market

• Major companies: Microsoft, Dell Technologies, IBM, Cisco Systems, Broadcom, Hewlett Packard Enterprise, AWS, ServiceNow, Red Hat, Atlassian, and more.
• Role of these companies in driving innovation and market expansion.

Technological Advancements in the Change and Configuration Management Market

• Development of technologically advanced products.
• Example: Health Edge’s HealthRules Promote, a web-based plan configuration management tool launched in August 2023.
• Features: Swift testing of configuration changes, adaptability, and reliability.

IBM Bolsters Automation Capabilities with Acquisition of Pliant

• In March 2024, IBM acquired Pliant to enhance automation capabilities.
• Pliant: An API-driven orchestration platform providing change and configuration solutions.
• Aims to streamline operations and offer greater control to developers and applications.

Market Segmentation and Regional Dynamics

• Segmentation by component: Software, Services.
• Segmentation by organization size: SMEs, Large Enterprises.
• Segmentation by end-user: BFSI, Retail, Healthcare, Telecom and IT, Others.
• North America was the largest region in 2023, with Asia-Pacific expected to be the fastest-growing region.

Conclusion: Embracing Opportunities in the Change and Configuration Management Market

• Understanding the impact of rising risk management and security concerns.
• Leveraging technological advancements and strategic acquisitions.
• Recognizing the importance of market segmentation and regional dynamics.
• Staying ahead of trends to capitalize on growth opportunities.

In conclusion, the change and configuration management market is poised for significant growth, driven by increasing IT complexity, security concerns, and technological advancements. By understanding these dynamics and staying ahead of trends, businesses can navigate and capitalize on the opportunities in this rapidly evolving market.

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The Change And Configuration Management Global Market Report 2024  provides comprehensive insights on the change and configuration management market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the change and configuration management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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