The change management software market is expected to expand its roots at a steady CAGR of 8.9% during the forecast period. The market is likely to hold a revenue of USD 2.06 billion in 2023 while it is anticipated to cross a value of USD 4.8 billion by 2033.
As the market for artificial intelligence and machine learning grows, so does the expansion of DevOps. The rising use of AI is projected to give change management software providers huge opportunities.
The demand for change management software is likely to grow as digital transformation, automation of IT processes, and applications become more common.
Change management software aids in reducing the negative consequences of IT migrations on an organization. This factor is likely to contribute to the growth of the market.
With the majority of workstations moving to remote locations, the demand for change management software to regularly monitor logs for suspicious activity is rising. Ensure that confidential files are not accessed through log management. This is also expected to boost the sales of change management software in the change management software market during the forecast period.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 8.9% |
| Market Size (2023) | USD 2.06 billion |
| Market Size (2033) | USD 4.8 billion |
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The demand for change management software is anticipated to rise as it allows the traceability of changes as well as the support of the change process in a system.
The fundamental goal of change management software is to ensure that changes are implemented in a safe and controlled manner while also controlling risk. The market is being driven by the growing sales of change management software and the demand for consistent means of change evolution in the IT and telecommunications sectors.
The growing demand for change management software for the governance of change structures in making informed decisions and the need for risk management analysis in organizations.
The growing cyberthreats across businesses has surged the demand for change management software. The rise in cyber threats and cybercrime has heightened the demand for risk mitigation in end-user businesses. The software enable the businesses to overcome risks and combat the threats.
The sales of change management software are rising as it improves the financial and strategic performance of the business, resulting in a higher Return on Investment (ROI).
A social engineering or polishing attack is also a common component of cyber threats. Change management software is used to counteract these attacks, thereby driving the demand of the market during the forecast period. Enterprises can use change management software to understand the risk and the modifications needed to mitigate it.
The growing demand for consumer electronic such as, smartphones, laptops, and tablets has propelled the demand for the market. In addition, the developing IT & Teecom industries is expected to surge the market growth over the forecast period.
The demand for change management software is growing as it helps to eliminate resistance, boost creativity, increase job efficiency, and lower costs. The sales of the software are rising as it is widely used in the IT & Telecom industries.
The International Trade Administration (ITA) stated that 50% of enterprises in the U.S. have deployed Cloud Access Security Broker (CASB) technology for around 1,000 users. The aim of these businesses is to monitor and control their use of software as a service
The rising demand for change management software and cloud computing has increased the vulnerability of cloud networks to attacks. These advantages has boomed the adoption of cloud-based CMS software.
In addition, the usage of CMS technologies in vulnerability assessments is anticipated to fuel the sales of change management software during the forecast period.
Principal Consultant
| Countries | Revenue Share % (2023) |
|---|---|
| United States | 18.1% |
| Germany | 6.5% |
| Japan | 3.2% |
| Australia | 1.6% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 9.6% |
| India | 9.4% |
| United Kingdom | 9.3% |
Over the forecast period, Asia Pacific is anticipated to witness the highest growth in the change management software market. China and India are regarded as high-demand markets for change management software, with CAGRs of 9.6% and 9.4%, respectively.
Businesses strive to provide quick access to accurate records, protect themselves from cybersecurity risks, and perform critical duties. Such as decreasing outages and breaches while lowering costs.
Due to the growth in IT infrastructures in China, numerous businesses have turned their attention to configuration management. The demand for change management software solutions in the region has been driven by the optimization of IT asset maintenance to avoid discrepancies.
According to the Small and Medium Enterprise Agency (SMEA) of Japan, 99.7% of functional industries come under the small and medium enterprise (SME) group. Making Japan an excellent country for configuration management solutions in the APAC region.
SMEs have favored low to medium-cost options, such as change management software, over ERP solutions because of financial constraints and a lack of IT infrastructure.
For the change and configuration management sector, the Asia Pacific region is quickly becoming one of the fast-growing regions. Change management is emerging as a solution to help global companies cope with frequent challenges that come when dealing with worldwide teams. New expansion regions, and an influx of data as they expand their reach into the Asia Pacific and boost their investments in IT initiatives.
| Category | By Deployment Mode |
|---|---|
| Leading Segment | On-Premises |
| Market Share (2022) | 58.7% |
| Category | By component Type |
|---|---|
| Leading Segment | Software |
| Market Share (2022) | 63.4% |
In the change management software market, cloud-based deployment is gaining traction at 11.9%. Though, the on-premise segment leads the market as it held a market share of 58.7% in 2022. The ability to swiftly expand business demands and the shift of customers to the cloud as a result of reduced IT overcapacity are the key reasons driving the growth of cloud-based deployment.
Many public cloud providers are configuring change management on the cloud since they have various tools for installations. Leading to the deployment of cloud-based change management software by many enterprises.
Due to the increased use of cloud networking and expanding internet penetration internationally, the use of cloud-based subscriptions such as Software-as-a-Service (SaaS) has expanded. These factors are propelling the demand for change management software forward.
Due to the increase in small and medium businesses in developing countries, SMEs are dominating the change management software market. Furthermore, small businesses are using cloud-based networking for their business operations. Such as asset management, blockchain, and others, which is boosting the sales of change management software.
Due to the use of cloud computing, small and medium businesses are dominating the market for change management software, necessitating the demand for change management software in these businesses.
According to the World Bank, small and medium-sized businesses account for 90% of all businesses. Small and medium-sized businesses (SMEs) generate 40% of national income (GDP) in emerging economies. Furthermore, the CMS's increased agility in business operations contributes to the growth of small and medium enter.
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More than half of the market is controlled by a few leading players. The expansion of these firms in the field of cloud technologies coupled with artificial intelligence (AI), IoT, and other technologies is reflected in the analysis of significant market share for these companies.
Key players in the change management software market are concentrating their efforts on completing various business models to provide advanced change management solutions
Market Developments
The market is estimated to secure a valuation of USD 2.06 billion in 2023.
The market is in high demand, expanding at a CAGR of 8.9%.
Increasing commonality of automated IT processes and digital transformation.
Escalated cyber-attacks are expected to push the sales of change management software.
China has high growth rate, expanding at a CAGR of 9.6%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Software
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment Type, 2023 to 2033
6.3.1. On-Premise
6.3.2. Cloud-based
6.4. Y-o-Y Growth Trend Analysis By Deployment Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Deployment Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Organization Size , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size , 2023 to 2033
7.3.1. SMEs
7.3.2. Large Enterprises
7.4. Y-o-Y Growth Trend Analysis By Organization Size , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Organization Size , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry Type
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Industry Type, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry Type, 2023 to 2033
8.3.1. BFSI
8.3.2. Healthcare and Life Science
8.3.3. Education
8.3.4. Government and Public Sector
8.3.5. Telecom and IT
8.3.6. Retail and Consumer Packaged Goods
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By Industry Type, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Industry Type, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. South Asia
9.3.5. East Asia
9.3.6. Oceania
9.3.7. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. The USA
10.2.1.2. Canada
10.2.2. By Component
10.2.3. By Deployment Type
10.2.4. By Organization Size
10.2.5. By Industry Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Deployment Type
10.3.4. By Organization Size
10.3.5. By Industry Type
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Component
11.2.3. By Deployment Type
11.2.4. By Organization Size
11.2.5. By Industry Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Deployment Type
11.3.4. By Organization Size
11.3.5. By Industry Type
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Component
12.2.3. By Deployment Type
12.2.4. By Organization Size
12.2.5. By Industry Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Deployment Type
12.3.4. By Organization Size
12.3.5. By Industry Type
12.4. Key Takeaways
13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Malaysia
13.2.1.3. Singapore
13.2.1.4. Thailand
13.2.1.5. Rest of South Asia
13.2.2. By Component
13.2.3. By Deployment Type
13.2.4. By Organization Size
13.2.5. By Industry Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Deployment Type
13.3.4. By Organization Size
13.3.5. By Industry Type
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Component
14.2.3. By Deployment Type
14.2.4. By Organization Size
14.2.5. By Industry Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Deployment Type
14.3.4. By Organization Size
14.3.5. By Industry Type
14.4. Key Takeaways
15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. Australia
15.2.1.2. New Zealand
15.2.2. By Component
15.2.3. By Deployment Type
15.2.4. By Organization Size
15.2.5. By Industry Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Deployment Type
15.3.4. By Organization Size
15.3.5. By Industry Type
15.4. Key Takeaways
16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Component
16.2.3. By Deployment Type
16.2.4. By Organization Size
16.2.5. By Industry Type
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Component
16.3.3. By Deployment Type
16.3.4. By Organization Size
16.3.5. By Industry Type
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2022
17.1.2.1. By Component
17.1.2.2. By Deployment Type
17.1.2.3. By Organization Size
17.1.2.4. By Industry Type
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2022
17.2.2.1. By Component
17.2.2.2. By Deployment Type
17.2.2.3. By Organization Size
17.2.2.4. By Industry Type
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2022
17.3.2.1. By Component
17.3.2.2. By Deployment Type
17.3.2.3. By Organization Size
17.3.2.4. By Industry Type
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2022
17.4.2.1. By Component
17.4.2.2. By Deployment Type
17.4.2.3. By Organization Size
17.4.2.4. By Industry Type
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2022
17.5.2.1. By Component
17.5.2.2. By Deployment Type
17.5.2.3. By Organization Size
17.5.2.4. By Industry Type
17.6. United Kingdom
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2022
17.6.2.1. By Component
17.6.2.2. By Deployment Type
17.6.2.3. By Organization Size
17.6.2.4. By Industry Type
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2022
17.7.2.1. By Component
17.7.2.2. By Deployment Type
17.7.2.3. By Organization Size
17.7.2.4. By Industry Type
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2022
17.8.2.1. By Component
17.8.2.2. By Deployment Type
17.8.2.3. By Organization Size
17.8.2.4. By Industry Type
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2022
17.9.2.1. By Component
17.9.2.2. By Deployment Type
17.9.2.3. By Organization Size
17.9.2.4. By Industry Type
17.10. India
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2022
17.10.2.1. By Component
17.10.2.2. By Deployment Type
17.10.2.3. By Organization Size
17.10.2.4. By Industry Type
17.11. Malaysia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2022
17.11.2.1. By Component
17.11.2.2. By Deployment Type
17.11.2.3. By Organization Size
17.11.2.4. By Industry Type
17.12. Singapore
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2022
17.12.2.1. By Component
17.12.2.2. By Deployment Type
17.12.2.3. By Organization Size
17.12.2.4. By Industry Type
17.13. Thailand
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2022
17.13.2.1. By Component
17.13.2.2. By Deployment Type
17.13.2.3. By Organization Size
17.13.2.4. By Industry Type
17.14. China
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2022
17.14.2.1. By Component
17.14.2.2. By Deployment Type
17.14.2.3. By Organization Size
17.14.2.4. By Industry Type
17.15. Japan
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2022
17.15.2.1. By Component
17.15.2.2. By Deployment Type
17.15.2.3. By Organization Size
17.15.2.4. By Industry Type
17.16. South Korea
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2022
17.16.2.1. By Component
17.16.2.2. By Deployment Type
17.16.2.3. By Organization Size
17.16.2.4. By Industry Type
17.17. Australia
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2022
17.17.2.1. By Component
17.17.2.2. By Deployment Type
17.17.2.3. By Organization Size
17.17.2.4. By Industry Type
17.18. New Zealand
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2022
17.18.2.1. By Component
17.18.2.2. By Deployment Type
17.18.2.3. By Organization Size
17.18.2.4. By Industry Type
17.19. GCC Countries
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2022
17.19.2.1. By Component
17.19.2.2. By Deployment Type
17.19.2.3. By Organization Size
17.19.2.4. By Industry Type
17.20. South Africa
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2022
17.20.2.1. By Component
17.20.2.2. By Deployment Type
17.20.2.3. By Organization Size
17.20.2.4. By Industry Type
17.21. Israel
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2022
17.21.2.1. By Component
17.21.2.2. By Deployment Type
17.21.2.3. By Organization Size
17.21.2.4. By Industry Type
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Component
18.3.3. By Deployment Type
18.3.4. By Organization Size
18.3.5. By Industry Type
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. BMC Software
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. IBM Corporation
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Broadcom Inc.
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. Cherwell Software, LLC.
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. Ivanti
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. ServiceNow
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. EasyVista
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. Micro Focus and Zoho
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. Axios Systems
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. CA Technologies
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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Change Management Software Market
