A new forecast by TechNavio says the cloud system management market will increase at a compound annual growth rate (CAGR) of 32.51 percent during the five year period from 2013 to 2018. The forecast comes in a study that looks at trends in the cloud system management market.
Cloud management involves software and technologies designed for operating and delivering applications and computing services to enterprises and end-users.
The IT research firm pointed to several trends driving the space, including hybrid cloud computing and a shifting focus to platform-as-a-service (PaaS) solutions among enterprises.
"This hybrid infrastructure is creating some unique challenges for the market," senior Technavio analysts stated in the report.
They added: "Cloud system management software solutions facilitate easy and efficient integration of the cloud infrastructure with existing computing infrastructure, which is driving the global cloud system management software market."
In order to address the increasing complexity of platforms in the market, enterprises have been moving to PaaS solutions, the report stated.
More enterprises have also been developing their own applications. This is creating a need for a common platforms such as Microsoft Azure, Red Hat Open Shift, Salesforce Heroku, and Cloud Foundry to support the various applications and services, the report revealed.