Change and configuration management is being implemented by organizations to guide the long term health of their assets and products. An organization’s ability to respond quickly to product opportunities depends at least partly on its ability to manage an inventory of assets and rapidly configure and produce products from that inventory.
The change and configuration management market is further gaining traction across various end-user industries. The increased adoption of configuration management is mainly attributed to multiple benefits such as a significant reduction in cost as it decreases redundant duplication, provides faster problem solutions, thereby offering a better quality of service. It provides powerful development for large enterprises, cloud service providers, and midmarket clients.
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– Every organization needs to define its own conventions for unique identification. One general convention most often is not enough; typically, a number of conventions are necessary for various classes of configuration items, such as certificates, documents, and code. Owing to this, several market incumbents are collaborating to cater to the specified market demand.
Key Market Trends
Increasing Demand of Auto- Scaling and Endpoint security in BFSI sector is Fueling the Growth
– Several banks are leveraging cloud concepts like auto-scaling groups that can automatically respond to load by scaling the number of machines up or down. Unlike the snowflake server setup, provisioning these new machines is automatic using the scripts. Configuration management can run faster than a sysadmin manually entering commands, reducing latency of spinning up a new machine.
– In May 2020, Red Hat, Inc., the provider of open source solutions, announced that Asiakastieto Group, a Helsinki-based fintech company, is using Red Hat solutions to build its new account information service, Account Insight, on an open banking platform. The firm uses Red Hat OpenShift for faster time to market and Red Hat Integration to centrally manage data sharing with business customers to deliver the most relevant, timely offerings to end consumers.
– Red Hat 3scale API Management provided Asiakastieto with a centralized, more secure interface to connect banks and credit grantors and to enable test and launch of changes via configuration, removing the need to build and redeploy code, which was disruptive to business.
Change and Configuration Management Market
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