Global CMDB Software
Market Report
2024
The configuration management database software market was valued at USD 15506.95 million in 2022 and will reach USD 28070.62 million by 2030, registering a CAGR of 7.7% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The configuration management database software market was valued at USD 15506.95 million in 2022 and will reach USD 28070.62 million by 2030, registering a CAGR of 7.7% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global CMDB Software Market Sales Revenue 2022 | $ 15507 Million |
Global CMDB Software Market Sales Revenue 2030 | $ 28070.6 Million |
Global CMDB Software Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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CMDB Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
What is configuration management database software?
A configuration management database (CMDB) is a file that often takes the form of a standardized database and contains all pertinent data regarding the hardware and software elements and their interrelationships that are utilized in an organization's IT (information technology) services. For a number of reasons, including tracking changes and configurations and ensuring compliance with strict standards, complex IT systems require careful documentation. IT professionals have always done this manually, which is time-consuming and error-prone. By automating this process, a configuration management database (CMDB) makes it considerably simpler to maintain track of IT assets and configurations. Each asset in a CMDB is fully described, including its background, location, owner, purpose, and connections to other assets. A configuration item (CI) is the term used to describe each tracked object in a CMDB.
Driving factor:
Increasing demand for automated IT operations is driving the market of configuration management database (CMDB) software market
In today's IT environment, automation of IT processes is becoming increasingly significant. Automation facilitates quicker response times, lowers manual mistake rates, and increases operational efficiency. A framework for automating IT operations management (https://www.cognitivemarketresearch.com/it-operations-management-market-report)is offered by CMDB software. By automating the management of IT assets, it makes sure that assets are correctly recorded and monitored throughout their entire cycle. Additionally, it helps to increase the accuracy of asset data, enabling businesses to make more educated choices about their IT assets. Networked enterprise system expansion increases the desire for affordable solutions. Therefore, IT service management is receiving more attention.
Restraining factor:
High expenses and software deployment hinders the growth of the configuration management database (CMDB) software market
Businesses expected to implement CMDB software solutions may be significantly discouraged by the high costs involved with their deployment and maintenance. Software deployment (https://www.cognitivemarketresearch.com/software-deployment-tool-market-report) is due to a lack of important elements that are essential for the development of modern software such as ineffective testing tools, poor coverage, inadequate testing time, and inability to accurately verify the response. Even though cost savings and other advantages frequently outweigh the cost of adopting and maintaining the solutions, it can be a significant barrier for companies with high budgets.
Segment Analysis of the Configuration Management Database (CMDB) Software Market
The CMDB software market is divided based on type, application, and region.
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In July 2020,
Microsoft and ServiceNow announced a strategic partnership.
Microsoft Corporation and ServiceNow announced a more comprehensive strategic alliance that will greatly improve the integration and optimization of the two companies' products, platforms, and cloud computing capabilities. Through this expanded relationship, the firms will make it possible for government customers as well as enterprise customers in some highly regulated industries to accelerate their digital transformation and foster new heights of insight and innovation
https://www.servicenow.com/company/media/press-room/microsoft-and-servicenow-announce-strategic-partnership.html
In August 2020,
ServiceNow acquired Loom Systems
ServiceNow, the industry-leading provider of digital workflow solutions that helped people do their jobs better, said today that it has reached a deal to acquire Loom Systems, an AIOps firm with its headquarters in Israel. The deal will increase ServiceNow's AIOps capabilities and provide customers with a greater understanding of their digital operations, enabling them to stop and address IT issues at scale before they become serious concerns. According to Jeff Hausman, vice president, and general manager of IT Operations Management at ServiceNow, "Today, IT departments struggle to meet performance expectations and keep up with the growth in demand
https://www.servicenow.com/company/media/press-room/servicenow-to-acquire-loom-systems.html
In October 2020,
Microsoft acquired Softomotive in order to expand low-code robotic process automation capabilities
The company behind Win Automation and a global leader in robotic process automation (RPA). Microsoft is further democratizing RPA and enabling anyone to create bots to automate tedious business operations by combining Softomotive's desktop automation with the existing Microsoft Power Automate capabilities for a especially low price. More than 9,000 customers worldwide are presently assisted by Softomotive in automating business operations using both historical and contemporary desktop apps.
https://powerautomate.microsoft.com/en-us/blog/microsoft-acquires-softomotive-to-expand-low-code-robotic-process-automation-capabilities-in-microsoft-power-automate/
Top Companies Market Share in CMDB Software Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America is anticipated to hold the largest market share during the forecast period.
In North America, the configuration management database (CMDB) software market is expanding rapidly. The requirement for businesses to manage their IT infrastructure and the rising demand for IT services are to blame. Some of the biggest IT organizations in the world have their headquarters in this area, and as a result, the market for CMDB software is expanding. Additionally, the region is experiencing a surge in the use of cloud-based CMDB solutions, which are gaining popularity because of their affordability and scalability. Additionally, the necessity for enterprises to eliminate manual procedures and the rising need for automation are propelling the growth of the CMDB software market in North America. During the projection period, the North American region is anticipated to have a sizable stake. The regional market is fueled by elements including the dominance of well-established competitors and rising demand from the healthcare industry, which is primarily fueled by rising medical tourism activity for procedures, etc. This is owing to the region's transformation into a high-potential growth location for this kind of solution as a result of an increase in businesses investing extensively in IT infrastructure, which is fostering total sales chances.
The current report Scope analyzes CMDB Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global CMDB Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing CMDB Software Industry growth. CMDB Software market has been segmented with the help of its Type, Application , and others. CMDB Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The basic($19-49/User/Month) segment is anticipated to hold the largest market share during the forecast period.
Due to cost advantages, the basic ($19-49/User/Month) sector led the market as a whole in terms of revenue share in 2021. While the subscription-based license model for CMDB systems is called Standard ($49–79/User/Month). Although there are no constraints on usage in terms of time or capacity, this application version allows users to carry out more operations on the software and contains a number of new features. In a similar vein, Senior ($79-99/User/Month) is the most expensive plan with significant consumption. Therefore, basic ($19-49/User/Month) is expected to increase the market of configuration management database management.
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The financial services segment is anticipated to hold the largest market share during the forecast period.
Financial services companies store and manage data about resources, infrastructure, etc. using CMDB software. It assists in compiling a list of data on these IT assets, including their parts, traits, and characteristics like location, kind, and capacity. A database containing all information (such as descriptions) on each asset, such as network devices or systems, that is present on the organization's premises can also be created by organizations using CMDB. Banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing are all part of the financial services industry. Financial products are the financial instruments that specialists offer to their clients, whereas financial services are frequently the exclusive domain of businesses and professionals.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global CMDB Software Market is witnessing significant growth in the near future.
In 2023, the Basic $19-49/User/Month segment accounted for noticeable share of global CMDB Software Market and is projected to experience significant growth in the near future.
The Healthcare segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies iTop , Micro Focus and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Basic $19-49/User/Month, Standard $49-79/User/Month, Senior $79-99/User/Month |
Application | Healthcare, Education, Government, Financial Services, Manufacturing, Other |
List of Competitors | iTop, CMDBuild, Micro Focus, ServiceNow, Ralph, BMC Atrium CMDB, IBM, HPE, Comindware, Synetics, Freshworks, Combodo, BMC Software, Device42, Fossil, Alloy Software, Pointel, RISC Network, SolarWinds, SunView Software, Virima Technologies |
This chapter will help you gain GLOBAL Market Analysis of CMDB Software. Further deep in this chapter, you will be able to review Global CMDB Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global CMDB Software market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Basic $19-49/User/Month have a significant impact on CMDB Software market? |
What are the key factors affecting the Basic $19-49/User/Month and Standard $49-79/User/Month of CMDB Software Market? |
What is the CAGR/Growth Rate of Healthcare during the forecast period? |
By type, which segment accounted for largest share of the global CMDB Software Market? |
Which region is expected to dominate the global CMDB Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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