The worldwide cloud systems management software market will reach $2.5bn (£1.55bn) by 2015, according to research from International Data Corporation (IDC).
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Demand for cloud systems management software will ramp up as cloud adoption hits a tipping point, said Mary Johnston Turner, research director at Enterprise System Management Software. When cloud adoption becomes mainstream the market will increase by a 45.5% compound annual growth rate between 2010 and 2015, she added.
For major vendors, cloud systems management represents an opportunity to establish long lasting, "sticky" strategic relationships with customers. While for emerging vendors, it will be critical to develop products and SaaS solutions that easily plug and play with broader cloud systems management environments, said IDC.
In 2010, 70% of worldwide cloud system management software purchases were deployed in private cloud environments, with the Americas representing 63% of the worldwide market last year.
Simon Gay, CTO at managed services provider Adapt said: "With businesses increasingly stretching their IT budgets to breaking point, capex isn't available to enable the levels of innovation that are needed and so turning to cloud services and purchasing exactly what is needed, when it is needed but with opex would be most attractive."