Capacity management is a business practice that involves ensuring that the resources available to an organization are used in the most optimal way to meet business requirements cost-effectively. This can include managing the capacity of IT resources, such as servers and networks, as well as managing the capacity of human resources, such as employees and contractors. The goal of capacity management is to maximize a business’s potential activities and production output at all times, under all conditions. This can involve planning actions to ensure that a business infrastructure has adequate resources to maximize its capacity and efficiency, as well as monitoring and maintaining those resources to ensure they are being used optimally. Capacity management solutions are designed to improve patient throughput and quality of care by managing patient capacity, flow, and diversion rates in hospitals and other healthcare settings.
The global Capacity Management Market is expecting market sum of USD 5.63 billion and CAGR is 19.80% during 2022-2030
The need to strategically manage resources of a company is identified as the chief driver of the worldwide market of capacity management. Resources management is essential to meet organizational requirements. It aids in planning, implementation, and maintenance of resources in strategic methods that will result in maximum productivity. The rise in need to increase an organization’s productivity is surging the adoption of capacity management services and solutions across verticals.
This is expected to escalate its market growth. Capacity management offers safeguarding solutions for resources at a reasonable price, which is expected to encourage growth for the market. Continuous developments that are taking place in the IT infrastructure is also likely to gain considerable traction for the market. As competition among companies intensifies, they are inclining towards capacity management solutions to provide best services by making maximum productivity from resources available to them. This is expected to rise the profit margin for the market. On the contrary, small and medium enterprises (SMEs) are observed to adopt capacity management solutions slowly. This is because of the high installation price of cloud-based services.
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The capacity management market is segmented by deployment type, organization size, component, and verticals.
By component, the market is segmented into services and solutions. The solutions segment is sub-segmented into storage capacity management, network capacity management, and application capacity management. By services, the market is segmented into testing and implementation, support and maintenance, consulting, and training and education.
By organization size, the market is segmented into large enterprise and small and medium enterprise.
By deployment type, the market is divided into on-cloud and on-premise.
By verticals, the market is segmented into hospitality, information technology (IT) and telecom, government, transportation, BFSI, manufacturing, healthcare, retail, and others. The others segment comprises education, energy and utility, and oil & gas.
The regional study of the capacity management market is done across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
The North America capacity management market is expected to head the growth curve in the forecast period. The residence of prominent solutions and providers of capacity management, such as IBM, VMware, BMC Software, and others are likely to act as drivers for the regional market. In addition, the region being technically advanced and the availability of rich IT resources are factor that are expected to surge the North America market in the years to come.
The Asia Pacific capacity management market likely to show a rapid growth across the assessment period. Developing economies of the region are deploying capacity management across industries, which is likely to support the growth of the APAC market. Innovations that are being introduced to enhance performance of capacity management solutions is identified as a significant factor that is likely to boost the capacity management market expansion of in Europe. Thus, it can be concluded that the overall growth of the global capacity management market during the review period is decent.
Prominent key players of the capacity management market are; BMC Software (US), IBM (US), Riverbed Technology (US), VMware (US), CA Technologies (US), Nlyte Software (US), NetApp (US), HelpSystems (US), Aspire Technology (Ireland), and Syncsort (US). These eminent players are investing in innovations. The market is appearing to be highly competitive, as all the need to provide best quality solutions and services by them is intensifying.
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Capacity Management Market Research Report, By Component (Solutions, Services), Organization Size (Small & Medium Enterprise and Large Enterprise), Deployment Type (On-Cloud, On-Premise), Verticals (IT, Hospitality, Others) — Global Forecast till 2023
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