Cloud Management Platform Market - Forecast(2021 - 2026)
Cloud management platform Market size was valued at $8.16 billion in 2019, and it is estimated to grow at a CAGR of 15.32% during 2020-2025. The growing trend for Bring Your Own Device (BYOD), and shifting focus toward cloud from on-premises have been providing opportunities for cloud management platform market. Rapid adoption of cloud based platform by IT enterprises and other organizations for improved operational efficiency set to drive the market. Furthermore, the dependence on cloud based solutions across various industry verticals has significantly increased the adoption of cloud platform for faster and customized services. This has been pushing the organizations to invest in cloud platform and this is anticipated to propel the Cloud management platform market growth during the forecast period. Key Takeaways North America dominated the Cloud management platform market in 2019 owing to early adoption of advanced technologies and high investments in adopting them. Growing demand