PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604486
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604486
The configuration management market is expected to grow at a CAGR of 12.78%, reaching a market size of US$6.299 billion in 2029 from US$3.452 billion in 2024.
Configuration management software is an essential aspect of contemporary IT infrastructure management. It allows organizations to control, oversee, and manage the effective deployment of all hardware, software, and networks in their possession. In its most basic form, configuration management software aids in the structured management of the entire lifecycle of configuration items (CIs) within complicated systems in IT, promoting stability, reliability, and standards adherence.
It can be used in enterprise resource planning (ERP) and project management to help businesses efficiently manage and control how resources, assets, and project deliverables are configured. These solutions streamline collaboration among project stakeholders, improve change management procedures, and provide real-time visibility into project status and progress by centralizing project data, schedules, and documentation on a single platform.
Configuration management market drivers?
Product configuration is the process of organizing and choosing components to satisfy a given set of requirements. It is also known as knowledge-based configuration. Buyers in manufacturing industries are increasingly turning to more specialized and tailored products.
The strategic management of product configuration improves the processes of development pursued by manufacturers, designers or service providers by improving collaboration and avoiding unproductive steps. This is especially useful for businesses that handle complex platforms and products or go-to-market strategies involving variants. All product stakeholders can see the changes when a linked digital thread and a robust product CM solution are integrated. This enhances quality, boosts compliance confidence, and enables effective concurrent manufacturing.
Configuration management market - geographical outlook
The fast pace of digitalization in the Asia Pacific region, increased adoption of cloud technology, and the growing need for proper IT infrastructure management are propelling the regional configuration management software market's growth.
Moreover, configuration management software helps organizations in optimizing their IT processes, increasing the reliability of systems and sustaining adherence to regulatory obligations. In the Asia Pacific, which has a rising ecosystem of startups and SMEs in addition to the existing corporations, the application of configuration management software is more important.
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