Cloud Management Platforms & Their Evolving Market

Cloud SME
2 min readJun 27, 2018

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Since cloud computing is currently a vast and extremely dynamic zone of the IT world, it is not surprising to accept the fact that there is an entire well-developed market of products and services that offer cloud management platform (CMP) competences.

The adoption of hybrid cloud has extended the part of IT processes and generated a demand for multipurpose management tools & platforms equipped for supporting the multifaceted nature of hybrid cloud deployments. The market for CMPs can be anticipated to grow alongside the estimated development in the utilization of hybrid cloud environments. The abilities of CMP offerings are likewise anticipated to evolve to meet the increased complexity of the target environments and more advanced necessities from enterprise customers.

To come across the most frequently stated drivers for the adoption of hybrid cloud architectures — cloud cost optimization, the innovation speed, and ‘tomorrow proofing’ — an enterprise CMP additionally needs to incorporate certain functionality and the ability to effortlessly integrate with a scope of enterprise management systems, both inside and outside IT processes.

Cloud management platforms deliver a means for a cloud user to deal with the deployment and execution of applications and related datasets over numerous cloud service infrastructures, including both on-premises cloud infrastructure and the infrastructure of public cloud service provider. In short, CMPs offer management abilities for hybrid cloud environments.

The cloud management platform plays a fundamental part to empower visibility, improve management, and optimize the usage of resources in a multi-cloud ecosystem. The core competences of a CMP are signified by four classifications to be specific: General; Service Management; Financial Management; and Resource Management. Viable and effective management of hybrid cloud environments requires rich CMP competences in every area of the IT world.

To know more about optimizing your cloud costs using a CMP, read the blog.

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