Cloud management is a collection of software and technologies designed to monitor and manage data, application and services that are residing on cloud. Cloud management tools and software ensure optimal performance, continuity and efficiency of data in a virtualized environment.
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Enterprises around the globe are facing challenges in managing their cloud environment. As enterprise are moving towards multi-cloud environment, systems have become more complex. Complexity in the systems has increased the burden of management. In order to lighten the burden of management, various cloud management tools and solutions are present in the market that effectively control the multi cloud environment.
The cloud management as a service market is driven by growing need to efficiently manage complex cloud environment among organizations, specifically among small and medium size enterprises. Organizations around the world are shifting towards cloud based solutions. Moreover, companies are strongly adopting hybrid cloud model.
As per the research studies, majority of the businesses around the globe utilize some form of cloud services. Bulk of them store some or nearly all the sensitive data in public cloud. The aforementioned factors clearly show the strength of cloud solutions and their adoption. The cloud services’ adoption will therefore require its management which will in turn boost the market for cloud management as service.