Market Overview:
The global cloud cost management software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based solutions by enterprises and SMEs, and the need for effective cloud cost management solutions to optimize their spending on cloud services. The global cloud cost management software market is segmented on the basis of type into Cloud-Based and Web-Based solutions. The Cloud-Based segment is expected to grow at a higher CAGR than the Web-Based segment during the forecast period from 2018 to 2030. This can be attributed to the growing demand for SaaS (Software as a Service) offerings among enterprises, which helps them reduce their IT infrastructure costs by moving their applications and data onto public clouds. On the basis of application,the global cloud cost management software market is divided into Large Enterprises and SMEs segments.
Product Definition:
Cloud Cost Management Software is a tool used to manage and track expenses related to using cloud services. This type of software can help organizations keep track of spending, optimize usage, and identify potential cost savings. Cloud Cost Management Software is important for businesses that rely on cloud services for critical operations, as it allows them to stay within budget while ensuring continuity of service.
Cloud Based:
Cloud-based software is a type of software system that provides shared computer resources over the internet. It allows multiple users to share data, applications, and computing tasks. Cloud-based solutions are gaining popularity due to the cost efficiency and flexibility they offer as compared to on-premise solutions.
The global cloud based software market size was valued at USD 46 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Web Based:
The web-based platform is an online service that enables users to access data or applications from any location. It provides benefits such as easy accessibility, cost efficiency, and flexibility of use. The cloud-based platform uses a common web interface that allows users to access the system from mobile devices and PCs through the internet.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017. The segment is driven by increasing demand from public and private clouds. Large enterprises usually have a robust IT infrastructure with multiple data centers that require managing to optimize costs, improve service quality and enhance security. These companies are also adopting digital transformations which increase the need for cost management solutions as they move towards a more efficient business structure.
Cloud computing has enabled small and medium-sized businesses (SMBs) to access advanced technology without having technical expertise or knowledge of computer science related matters such as operating systems, networking or software applications. This has led to an increased adoption of cloud cost management software among SMBs due to their limited resources, less complex IT infrastructures and easy implementation processes compared to large enterprise companies.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of IT and telecom companies, which are early adopters of emerging technologies. Additionally, these companies are also among the largest cloud providers in their respective industries. This has led to high demand for cost management software in this region.
However, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing government initiatives and investments on developing infrastructure for cloud computing services across various countries such as China and India. Moreover, growing adoption by small & medium enterprises (SMEs) will drive growth further due to lower pricing structure compared with that offered by larger players operating out of developed economies such as U.S., Germany or Japan etc.
Growth Factors:
- Increased focus on cloud cost management by organizations due to the growing adoption of cloud services
- The need for better visibility and control over spending on public cloud services
- Growing demand for automation and orchestration in order to manage costs across multiple clouds
- Emergence of new pricing models from public cloud providers that are more complex and difficult to track
- Proliferation of DevOps culture and practices, which is driving the need for better cost management across the entire software development life cycle
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Cost Management Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
Cloudability, AWS, Turbonomic, Azure Cost Management, ParkMyCloud, CloudHealth, RightScale, Nutanix Beam, Abiquo, CloudCheckr, IBM Storage Insights, Nomad, Skeddly, VM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Cost Management Software Market Report Segments:
The global Cloud Cost Management Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cloudability
- AWS
- Turbonomic
- Azure Cost Management
- ParkMyCloud
- CloudHealth
- RightScale
- Nutanix Beam
- Abiquo
- CloudCheckr
- IBM Storage Insights
- Nomad
- Skeddly
- VM
Highlights of The Cloud Cost Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Cost Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Cost Management Software is a software application that helps organizations manage their cloud costs. It provides users with the ability to identify and track expenses related to cloud usage, as well as make informed decisions about whether and when to adopt new cloud services.
Some of the key players operating in the cloud cost management software market are Cloudability, AWS, Turbonomic, Azure Cost Management, ParkMyCloud, CloudHealth, RightScale, Nutanix Beam, Abiquo, CloudCheckr, IBM Storage Insights, Nomad, Skeddly, VM.
The cloud cost management software market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Cost Management Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cloud Cost Management Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cloud Cost Management Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cloud Cost Management Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cloud Cost Management Software Market Size & Forecast, 2018-2028 4.5.1 Cloud Cost Management Software Market Size and Y-o-Y Growth 4.5.2 Cloud Cost Management Software Market Absolute $ Opportunity
Chapter 5 Global Cloud Cost Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cloud Cost Management Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud Cost Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cloud Cost Management Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Cost Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Cost Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cloud Cost Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Cloud Cost Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cloud Cost Management Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cloud Cost Management Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cloud Cost Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud Cost Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cloud Cost Management Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cloud Cost Management Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cloud Cost Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud Cost Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cloud Cost Management Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cloud Cost Management Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cloud Cost Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud Cost Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cloud Cost Management Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cloud Cost Management Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cloud Cost Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud Cost Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cloud Cost Management Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cloud Cost Management Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Cost Management Software Market: Competitive Dashboard
14.2 Global Cloud Cost Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cloudability
14.3.2 AWS
14.3.3 Turbonomic
14.3.4 Azure Cost Management
14.3.5 ParkMyCloud
14.3.6 CloudHealth
14.3.7 RightScale
14.3.8 Nutanix Beam
14.3.9 Abiquo
14.3.10 CloudCheckr
14.3.11 IBM Storage Insights
14.3.12 Nomad
14.3.13 Skeddly
14.3.14 VM