Cloud Management Platform Market to Grow at 17.3% CAGR Through 2030, Fueled by AI-Driven Automation and SME Expansion

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TechMarket Experts, a unit of Industry Experts, Inc., has published its latest market research report, "Cloud Management Platform - A Global Market Overview," projecting that the global market will expand from an estimated US$21 billion in 2024 to US$54.8 billion by 2030, advancing at a compound annual growth rate (CAGR) of 17.3%. According to this report, rising cloud complexity, widespread multi-cloud and hybrid adoption, and growing SME demand for scalable cloud solutions are fueling strong growth across sectors and geographies.

Cloud management platforms (CMPs) are emerging as indispensable tools for enterprises navigating distributed cloud environments. With nearly 90% of organizations embracing multi-cloud strategies, the need to unify operations across AWS, Azure, GCP, and on-premise systems is driving robust demand for centralized management, automation, and cost optimization. Cloud-native innovations such as AIOps, predictive analytics, and zero-trust security frameworks are being integrated into CMP software to streamline operations, reduce manual effort, and enhance compliance. While North America remains the largest regional market in 2024 with a 35.5% share, Asia-Pacific is expected to be the fastest-growing region, recording a CAGR of 21.4% between 2024 and 2030, spurred by rapid digital transformation across China, India, and Southeast Asia.

Cloud Management Platform Market

The BFSI sector is the leading end-use market for CMPs, projected to account for 21.6% of global demand in 2024, driven by high data volumes, regulatory requirements, and the need for secure, scalable infrastructure across public and private cloud environments. Meanwhile, retail and ecommerce are expected to register the fastest growth, expanding at a CAGR of 21.9% through 2030 as digital commerce surges and elastic cloud provisioning becomes mission-critical. By deployment type, public cloud dominates usage with an estimated 50.1% share in 2024, though hybrid and multi-cloud environments are gaining rapid traction due to their ability to balance control, cost, and agility, particularly in regulated and globally distributed industries.

The report segments the global Cloud Management Platform market by component (software/platform and services), deployment model (public, private, hybrid/multi-cloud), company type (large enterprises, SMEs), application (provisioning & orchestration, cost optimization, security & compliance, governance, monitoring), and industry sector. Geographic coverage spans five regions and includes detailed data for 29 individual countries. It profiles over 35 leading vendors, including AWS, Microsoft, Google, VMware, IBM, Flexera, CloudBolt, Morpheus Data, and Apptio, highlighting innovations in AIOps, FinOps, edge integration, and zero-trust frameworks.

For sample pages or purchase options, contact +1-320-497-3787 or visit Cloud Management Platform Market Report Page

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT-enabled services industries. We provide forward-looking insights and strategic data to empower corporate decision-makers, analysts, and innovators navigating the dynamic global tech landscape. For more information, visit https://techmarketexperts.com or contact us at +1-320-497-3787.

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