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Global configuration management software market: 6.3% CAGR growth expected between 2012-2016

Press Release   •   Aug 21, 2013 16:33 BST

The Global Change and Configuration Management Software market is to grow at a CAGR of 6.31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to adhere to regulatory compliances. The Global Change and Configuration Management Software market has also been witnessing increased adoption of cloud-based solutions. However, lack of experienced professionals could pose a challenge to the growth of this market.

Enterprises across the globe are witnessing increased adoption of cloud computing and other cloud-based services to meet their increasing needs. Enterprises have realized the cost benefits associated with adopting cloud-based services. Advantages of cloud-based services, such as rapid scalability, easy access, uninterrupted service, and flexibility, are also responsible for its increased adoption. This is causing organizations to slowly move the IT infrastructure to the cloud. Organizations now prefer cloud model for the deployment of licensed versions of different software. Therefore, the adoption of cloud-based solutions is a major trend being noticed in the market.

One of the major drivers is the need to comply with regulatory requirements. Enterprises have to comply with numerous regulatory compliances that include increased risk compliance, financial compliance, and governance compliance. It is, therefore, increasingly important for enterprises to understand the importance of compliance and to invest in change and configuration management solutions to reduce the risk factors noticed in business operations.

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