Change and Configuration Management Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2428
Change and Configuration Management Market size demonstrates a steady growth due to the ever-increasing demand for robust operations, improved security, and efficient utilization of resources. Change and configuration management deals with the process of analyzing the current state, identifying change requirements, and planning a change in the strategy. During the implementation process, change and configuration management system assists by providing knowledge, skills, and techniques required to manage people and changes in the projects. This helps in providing greater productivity in an enterprise, improving the market share of users. Due to the growing demand for customized products, software managers face problems during the deployment phase as even minor changes can have major implications, which enhance the demand for change and configuration management systems. The market is being driven by factors such as increased focus on identification, planning, maintaining, controlling, and auditing.
The change and configuration management solution also provides other benefits such as reduced costs and risks by providing constant maintenance system, auditing, and record keeping, avoiding duplication and mistakes. An updated software system will reduce the risk for security breaches by taking proactive action before the problem arises thus saving time and money It also improves the reliability and stability of the system and efficient operation of the organization.
The configuration management helps clients where there is a change in the product specification whereas change management takes place whenever there are changes in the time and money constraints. For instance, a project would take a longer time for its completion rather than the time allotted earlier. Change management assists in handling these changes without having major impacts on the entire project, maintaining the efficiency and quality.
The change and configuration management market will witness major opportunity in the present era as customers demand customized products with greater specifications, increasing the developer’s complexity. Enterprises face difficulty in integrating various mechanical, electrical, and software components, which further augment the need for change and configuration management system. However, varied application practices in an enterprise are restraining the growth of the market.
BFSI accounts for the majority of share in the change and configuration market as the technology helps in reducing risks and eliminates repeatable operation and human errors. The major application segments include healthcare, BFSI, Education, Government, and IT sectors. It also makes the organization avoid regulatory breaches to create awareness to respond to emergencies. Moreover, Education, Government, Healthcare, and IT are the other sectors, which use this technology to improve productivity and efficiency.
The North America region dominates the change and configuration management market followed by Europe owing to its technological advancements and stable economy. APAC is anticipated to grow rapidly during the forecast period owing to its huge population and increase in awareness about the benefits amongst customers. The increase in the usage of BYOD and IoT services in various sectors has resulted in the growth in the demand for the system. There is an augmented competition in this region as various vendors are coming up with advanced technologies to increase their market share and gain a competitive advantage.
The change and configuration management market is fragmented with the presence of a substantial number of players. Some of the players present in the market are Amazon Web Services, Ansible, BMC Software, CA technologies, Chef Software, Codenvy, Hewlett-Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Puppet, and ServiceNow.
The major players are engaged in new product launches, partnerships, mergers and acquisitions, and expansion to acquire a higher market share and gain a competitive advantage. For instance, in September 2016, HCL and IBM entered into a 15-year partnership, which helps them build the industry leading Automation and DevOps solution, assisting the success of their digital enterprise. Both companies will work together for future product development for various platforms, change and configuration management being one of them. This partnership will help the companies to increase their customer base.
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