CloudBolt Software, the enterprise cloud management company, has been included in the 2021 Gartner Market Guide for Cloud Management Tooling. The new Gartner report defines the category of cloud management tooling and provides a comprehensive overview of trends, customer needs, and key vendors in the space.
According to Gartner, “[Cloud management tools and platforms enable organisations to manage multicloud (i.e., on-premises, public cloud, and edge) services and resources.” “The cloud management tooling market is worth more than $1.2 billion, with an estimated 20% compound annual growth rate (CAGR) through 2023.”
In the report, Gartner states, “The cloud management tooling market is rapidly evolving. This means expanded options for I&O leaders with enterprise-level requirements for unified management, including automation, governance, life cycle management and brokering across multicloud environments.”
This recognition from Gartner comes after a momentous year for CloudBolt. This includes record growth and geographical expansion, securing $35M in series B funding, and delivering the industry’s most comprehensive set of cloud management solutions fuelled by two major acquisitions – Kumolus, an innovator of cloud cost management, security, and governance solutions, and SovLabs, a leading provider of codeless integrations for IT automation tools.
According to the 2021 Gartner Market Guide, the cloud management tooling market is centred around the following specific cloud management function areas:
- Provisioning and orchestration
- Cost management and resource optimization
- Monitoring and observability
- Identity, security and compliance
- Service enablement
- Inventory and classification
- Cloud migration, backup, and DR
“We believe the inclusion in Gartner’s Market Guide is further validation of our hybrid cloud management vision,” said Jeff Kukowski, chief executive officer of CloudBolt. “As the only vendor mentioned to comprehensively address all seven cloud management capabilities in the report, we envision a cloud world where what’s cutting-edge today becomes table stakes. Self-service IT should be simple and flexibly support new use cases as business demands grow. Optimising cloud costs should be intelligent by automatically informing and remediating problems in real time. Finally, as enterprises invest in more automation tools, integrating all their systems should be easy and scalable, without custom code. As the new cloud order emerges, we couldn't be more thrilled to be included in the 2021 Gartner Market Guide.”