Scope of the Study
Cloud expense management software helps companies control their cloud service spending by monitoring a company's resource usage and computing needs. These tools are typically combined with Infrastructure as a Service (IaaS) software to minimize the cost of their pay-as-you-go model. Cloud charge management software helps companies reduce waste by alerting users to lower demand or automatically scaling usage to optimal rates. Organizations also use these tools to increase the efficiency of their cloud service usage. Cloud charge management solutions often offer reporting capabilities to describe waste and redundancies. Cloud expense management software has some overlap with SaaS expense management software. However, the latter is used to monitor and manage to spend on cloud applications instead of cloud infrastructure.
The market study is being classified by Type (Web-Based and On-Premise), by Application (Billing & Provisioning, Cost Management and Multi-Cloud Management) and major geographies with country level break-up.
Cloudability Inc. (United States), AWS (United States), Turbonomic (United States), VMware (United States), IBM Storage Insights (United States), Microsoft Corporation (United States), ParkMyCloud (United States), CloudHealth Technologies (United States), RightScale (United States), Nutanix Beam (United States), Abiquo (United Kingdom), CloudCheckr (United States), Nomad (United States) and Skeddly (Canada) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Cost Management Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Cloud Cost Management Software market by Type, Application and Region.
On the basis of geography, the market of Cloud Cost Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Need to Accurately Estimate the Cost of Projects in Order to Reduce Related Expenses
- The Rising Cloud Management Post-COVID-19 across the Globe
- Introduction of New Technologies for Cloud Cost Management Software
- Facilitating Simplified Management of Complex and Heterogeneous Cloud Environments
- Growing Intricacy of Malware Threats
- Growing Number of Cyber-Attacks and Security Breaches
- Increasing Demand for Cloud Cost Management Software Across the Globe
- Increasing Investments in AIOps Technology
In May 2020, Microsoft announced Microsoft Cloud for Healthcare to address COVID-19 challenges. Microsoft introduced industry-specific cloud offerings for healthcare organizations, improved workflow efficiency, and optimized interactions. Microsoft Cloud for Healthcare includes data analysis for structured and unstructured data. and In April 2020, VMware launched the vRealize Operations Cloud. The vRealize Operations Cloud is a unified operating platform for managing the VMware Cloud and multiple clouds. It offers benefits such as reducing unplanned downtime, lowering costs, providing faster time to value, and mitigating risk.
Key Target AudienceProviders of Cloud Cost Management Software, End-Users, Potential Investors, Market Research Firms and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase