Cloud Asset Management Market to Grow with a CAGR of 17.12% Globally through to 2028
Cloud Asset Management is increasing due to the rising
adoption of cloud computing and hybrid cloud strategies across industries in
the forecast period, 2024-2028.
According to TechSci Research report, “Global Cloud
Asset Management Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028 Global Cloud
Asset Management market has witnessed tremendous growth in recent years,
reaching a valuation of USD 3.97 billion in 2022. The market is projected to
continue its strong upward trajectory, posting a CAGR of 17.12% from 2024 to
2028.
Global Cloud Asset Management market has witnessed
significant growth in recent years, fueled by its widespread adoption across
various industries globally. Critical sectors such as financial services, real
estate, private equity and pensions have come to recognize Cloud Asset
Management solutions as vital tools for managing assets, optimizing investment
portfolios and improving customer experiences.
Stricter regulations around fiduciary duties,
disclosure requirements and ESG practices have compelled financial institutions
to invest heavily in advanced investment management technologies. Companies
worldwide rely on Cloud Asset Management platforms to ensure regulatory
compliance and extract maximum value from their investment strategies.
Cloud Asset Management providers are partnering
closely with asset managers to develop customized solutions catering to their
specific needs around governance, compliance, portfolio management and
reporting. These collaborations have resulted in integrated systems enabling
applications like robo-advisory, alternative data analytics and predictive
portfolio modeling. Advanced Cloud Asset Management equipped with AI/ML
capabilities allow for data-driven decision making and enhanced oversight of
investment portfolios.
The development of innovative data integration,
compatibility with new FinTech technologies and sustainability-focused
solutions is also fueling market demand. Such solutions help businesses improve
a broader range of metrics including investment performance, operational
efficiency, and ESG impact.
Integration of Cloud Asset Management with digital
wealth management platforms, alternative data networks and automated trading
systems is poised to revolutionize how the financial industry manages assets
and optimizes capital allocation. This growing convergence of technologies
promises improved risk-adjusted returns, higher customer satisfaction, and
analytics-driven operations.
Government policies promoting sustainability, green
finance principles and cybersecurity best practices will continue driving
investments in innovative investment management technologies. As key industries
increasingly rely on data analytics throughout the investment lifecycle, demand
for advanced Cloud Asset Management solutions is projected to rise
substantially over the coming years..
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spread through XX Pages and an in-depth TOC on "Cloud Asset Management Market.”
The global Cloud Asset Management market
is segmented based on deployment model, solution type, and industry vertical.
Based on deployment model, the hybrid
cloud segment dominates as it allows workloads to span on-premises and
private/public clouds. Hybrid cloud provides flexibility while addressing
compliance and security needs.
Based on solution type, cloud cost
management leads as reducing cloud costs is a key priority. However, cloud
security management is the fastest growing segment to address risks in
multi-cloud environments.
Based on industry vertical, IT,
healthcare, and financial services capture the largest shares due to their
heavy reliance on cloud infrastructure and sensitivity of data processed.
Meanwhile, the government segment is poised to witness the highest growth on
account of increasing digital transformation of public services.
Overall, the hybrid cloud deployment
model, cloud cost management solution, and growing government vertical present
most promising opportunities. As cloud adoption grows across industries, demand
is surging for integrated solutions that provide visibility, governance and
optimization across diverse cloud assets on public and private infrastructures.
This is driving innovations around interoperability, automation, security and
analytics in cloud asset management.
Major companies operating in Global Cloud Asset
Management Market are:
- IBM Corporation
- Oracle Corporation
- Amazon Web Services Inc.
- BMC
- Hewlett Packard Enterprise
- Cisco Systems Inc.
- Flexera Software LLC
- Snow Software
- ServiceNow Inc.
- Micfo Inc.
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“The global Cloud Asset Management market has
witnessed rapid growth fueled by increasing digital transformation across
various industries. Critical sectors such as manufacturing, retail, healthcare
and transportation have increasingly relied on advanced Cloud Asset Management
solutions to optimize operations, improve customer experiences and strengthen
supply chain resilience.
Cloud Asset Management platforms provide real-time
access to centralized metrics on asset performance, inventory levels,
operational costs, analytics dashboards, and customer profiles. This allows
organizations to generate predictive insights, automate processes, ensure
regulatory compliance and extract more value from their investments. Such
solutions help customize strategies, streamline workflows and governance, and
facilitate cross-functional collaboration.
Leading companies have partnered with major Cloud
Asset Management vendors to digitally transform their infrastructure and
analytics capabilities. The integrated systems offer improved visibility,
situational awareness through customized interfaces, and support achievement of
strategic goals.
Cloud Asset Management providers continue advancing
capabilities in areas like predictive maintenance, demand forecasting,
automation and sustainability reporting. This ensures secure, scalable and
interoperable solutions for diverse needs across global operations. Ongoing
innovation and growing reliance on data-driven decision making indicate Cloud
Asset Management will play an increasingly important role in optimizing
operational efficiency and resilience.
Partnerships with technology providers and alignment
with industry standards are expected to sustain the high momentum of this
market. The long-term outlook for data-driven optimization and sustainability
powered by Cloud Asset Management remains positive as digital transformation
continues to reshape operational models.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Cloud
Asset Management Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
By Deployment Model (Public cloud, Private cloud,
Hybrid cloud) By Solution
Type (Cloud
discovery and inventory, Cloud cost management, Cloud security management,
Cloud governance and compliance, Cloud optimization) By Industry Vertical (IT,
Healthcare, Financial services, Retail, Manufacturing, Media and entertainment,
Government, Others)
By Region, By Competition”, has evaluated
the future growth potential of Global Cloud Asset Management Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Cloud Asset Management Market.
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