Cloud computing has become an integral part of business operations, and with that comes the need for cloud management platforms. These platforms enable businesses to manage and optimize their cloud resources and applications, making their cloud infrastructure more efficient and cost-effective.
In this article, we will explore cloud management platform statistics to help you understand the state of the industry and the benefits of using cloud management platforms.
Key Cloud Management Platforms Statistics 2023 – MY Choice
- Market size: The global cloud management platform market size was valued at $8.6 billion in 2020 and is expected to grow at a CAGR of 15.3% from 2021 to 2028. (Source: Grand View Research)
- Adoption rates: As of 2021, 92% of organizations use at least one public or private cloud service. (Source: Flexera)
- Multi-cloud adoption: By 2022, it is expected that 70% of enterprises will be running some form of multi-cloud environment. (Source: IDC)
- Hybrid cloud management: 83% of enterprise workloads are expected to be in the cloud by 2023, with 41% of those being on-premises private cloud and 20% being public cloud. (Source: Nutanix)
- IT spending on cloud management: In 2021, IT spending on cloud management and orchestration software is expected to reach $2.5 billion, an increase of 27.6% from 2020. (Source: Gartner)
- CMP market share: The top five CMP vendors account for over 50% of the market share. (Source: IDC)
- CMP capabilities: The most common capabilities offered by CMPs are infrastructure and application monitoring, security and compliance management, automation and orchestration, and cost management. (Source: Forrester)
- Cloud cost optimization: 64% of IT leaders cited cost optimization as their top cloud management challenge. (Source: Flexera)
- Cloud security concerns: In 2021, 67% of IT professionals ranked security as their top cloud management concern. (Source: Flexera)
- CMP benefits: Organizations using CMPs report an average of 50% reduction in time spent on cloud management and a 35% reduction in cloud costs. (Source: Forrester)
Overview of Cloud Management Platforms
- The global cloud management market size is expected to reach $26.7 billion by 2026. (1)
- The adoption of cloud management platforms has increased by 27% in the last year. (2)
- Cloud management platforms help businesses to manage their cloud resources more efficiently by providing a centralized interface. (3)
- Cloud management platforms allow businesses to optimize their cloud usage, reduce costs, and improve security. (4)
- Cloud management platforms also provide businesses with real-time monitoring and analysis of their cloud infrastructure. (5)
Cloud Management Platforms Market Trends
- The cloud management platforms market is expected to grow at a CAGR of 15.2% from 2021 to 2026. (1)
- North America is the largest market for cloud management platforms, accounting for 40% of the market share. (6)
- The Asia-Pacific region is expected to have the highest growth rate for cloud management platforms, with a CAGR of 19.2% from 2021 to 2026. (1)
- The demand for cloud management platforms is expected to increase due to the rise of multi-cloud and hybrid cloud adoption. (7)
- The adoption of cloud management platforms is also increasing due to the need for better cloud security and compliance. (8)
Cloud Management Platforms Features and Benefits
- Cloud management platforms provide businesses with a single pane of glass for managing their cloud resources, making it easier to manage their cloud infrastructure. (9)
- Cloud management platforms offer features such as resource allocation, automated scaling, and policy enforcement, which help businesses to optimize their cloud usage. (10)
- Cloud management platforms allow businesses to monitor and analyze their cloud resources in real-time, providing insights into usage patterns and identifying cost-saving opportunities. (11)
- Cloud management platforms provide businesses with better security and compliance by enforcing policies and controls across their cloud infrastructure. (12)
- Cloud management platforms also offer features such as backup and disaster recovery, making it easier for businesses to manage their data and ensure business continuity. (13)
Cloud Management Platforms Challenges and Concerns
- The complexity of cloud management platforms can make it difficult for businesses to adopt and fully utilize these platforms. (14)
- Cloud management platforms require businesses to have a high level of technical expertise, which can be a challenge for small and medium-sized businesses. (15)
- The cost of cloud management platforms can be a concern for businesses, especially those with limited budgets. (16)
- The lack of standardization in cloud management platforms can make it difficult for businesses to switch between platforms or integrate multiple platforms. (17)
- The security and compliance risks associated with cloud management platforms are a concern for businesses, especially those in highly regulated industries. (18)
Cloud Management Platforms Adoption and Usage
- 60% of businesses are using cloud management platforms to manage their cloud infrastructure. (19)
- The adoption of cloud management platforms is higher among large enterprises, with 77% of enterprises with over 1,000 employees using these platforms. (20)
- The most common use case for cloud management platforms is cost optimization, followed by security and compliance. (21)
- 44% of businesses use multiple cloud management platforms to manage their cloud infrastructure. (22)
Cloud Management Platform Adoption
- In a survey of IT professionals, 81% of respondents reported using multiple cloud providers, highlighting the need for cloud management platforms to manage the complexity of multi-cloud environments.
- According to a recent survey, 47% of organizations reported using a cloud management platform to manage their cloud environments, while 24% reported using a mix of cloud management tools and manual processes.
- A study found that organizations using cloud management platforms were able to reduce their cloud spend by an average of 35%.
- Another survey found that organizations using cloud management platforms reported an average reduction of 50% in time spent managing their cloud environments.
Benefits of Cloud Management Platforms
- Cloud management platforms provide a centralized view of an organization’s cloud resources, enabling better visibility and control over cloud spend, security, and compliance.
- Automated policies and workflows in cloud management platforms help organizations to enforce governance and compliance across multiple clouds, reducing the risk of security breaches and non-compliance penalties.
- Cloud management platforms also enable organizations to optimize their cloud usage and reduce costs by identifying underutilized resources and recommending resource allocations based on usage patterns.
Cloud Management Platform Features
- The most commonly used features of cloud management platforms include cost optimization, security management, performance monitoring, and governance and compliance management.
- Cloud management platforms also offer features such as cloud migration, backup and disaster recovery, and multi-cloud management.
- Advanced cloud management platforms may incorporate artificial intelligence and machine learning capabilities to provide predictive analytics and automation of routine tasks.
Cloud Management Platform Providers
- Some of the leading cloud management platform providers include VMware, Microsoft, Google, IBM, and Cisco.
- Other notable cloud management platform providers include CloudBolt, Scalr, RightScale, Morpheus Data, and CloudCheckr.
- Many cloud service providers also offer their own cloud management platforms, such as AWS Management Console, Azure Portal, and Google Cloud Console.
In conclusion, the cloud management platform market is rapidly growing due to the increasing adoption of multi-cloud strategies and the need for better visibility, control, and optimization of cloud resources.
Cloud management platforms provide numerous benefits, including cost optimization, security and compliance management, and performance monitoring. The most commonly used features of cloud management platforms include cost optimization, security management, performance monitoring, and governance and compliance management.
Many cloud service providers also offer their own cloud management platforms, in addition to the leading cloud management platform providers mentioned above.