HP, VMware, IBM and Microsoft are dominating the global change and configuration management market, according to Research and Markets.
BMC Software, Dell, Oracle and Symantec are also prominent vendors in this market.
According to the report ‘Global Change and Configuration Management Software Market 2015-2019’ the market will grow at a CAGR of 6.82% over the forecast period.
Increased adoption of cloud-based services worldwide is one of the emerging trends in this market, the analysts say.
Organisations increasingly prefer these services to reduce their overall IT infrastructure costs and deploy business applications rapidly.
According to the report, growing demand for customised products has led to an increase in the complexity of product configuration, which, in turn, has resulted in changes in product design.
Organisations seek solutions that enable them to maintain consistency to cope with frequent changes in product design.
Change and configuration management software helps them achieve better reliability and reduces the product development life cycle considerably.
Further, the report states that complexities associated with management of product configuration details have increased.
Inaccurate information could hamper development of customised products; it makes product configuration cumbersome in different stages of the product life cycle, says Research and Markets.
Organisations therefore need to maintain a single source to collate the information required for the configuration management process.