Market Forecast by Countries (United States, Canada), By Components (Software , Services), By Organization Size (SME, Enterprises), By Deployment (Cloud, On-premise), By Vertical (BFSI (Banking, Financial Services and Insurance), Healthcare and Life Science, Education, Government and Public Sector, Telecom and IT, Retail and Consumer Packaged Goods, Others) And Competitive Landscape
Product Code: ETC4621177 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Change and Configuration Management Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 1728.2 million By 2031 |
CAGR | 14.4% |
Growing Sector | Banking |
North America Change and Configuration Management Market report thoroughly covers the market By Countries, By Component, By Organization Size, By Deployment Mode and By Vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Change and Configuration Management Market was valued at USD 950 million and is expected to reach USD 1728.2 million , growing at a CAGR of around 14.4% from 2025-2031. The constant advancements in technology, increasing emphasis on digitalization and automation, and the need for efficient change management processes are some of the major factors driving the growth of the North America Change and Configuration Management market. Additionally, growing concerns about data security and compliance regulations are also contributing to the market growth.
North America Change and Configuration Management market is witnessing a significant surge, owing to the increasing demand for streamlined and efficient change management processes in various sectors such as banking, IT, healthcare, manufacturing, and retail. Change and configuration management helps businesses to track changes made to their systems or applications and ensures that these changes are properly tested and approved before being implemented. This not only improves efficiency but also reduces the risk of errors or system failures.
According to 6Wresearch, the North America Change and Configuration Management Market size is projected to grow, reaching at a CAGR of 14.4% during the forecast period of 2025-2031. In addition to the factors mentioned above, the rising adoption of cloud-based solutions and increasing investments in IT infrastructure are also expected to drive the market growth. Additionally, the increasing use of DevOps and Agile methodologies in software development is also creating a demand for effective change and configuration management tools.
The North America Change and Configuration Management Market is witnessing several novel trends, such as the integration of Artificial Intelligence (AI) and Machine Learning (ML) in change management processes. AI and ML technologies can help businesses to automate certain tasks, predict potential issues, and even suggest solutions for change management. This can greatly improve efficiency and reduce the need for manual intervention.
Another trend seen in the market is the adoption of integrated change and configuration management tools that combine both functions into one platform. This allows businesses to have a more streamlined process, with all necessary data and information in one place.
The North America Change and Configuration Management Market offers a range of investment opportunities, especially in the banking sector. With banks constantly updating and upgrading their systems to keep up with digital transformation and meet customer demands, there is a high demand for efficient change management processes. Additionally, the healthcare industry is also expected to provide investment opportunities as it increasingly adopts technology for better patient care.
Apart from these sectors, there are also opportunities for investments in the development of AI-powered change and configuration management tools or integration platforms that can cater to multiple industries.
Some of the leading players in the North America Change and Configuration Management Market include IBM Corporation, Microsoft Corporation, ServiceNow Inc., BMC Software Inc., Micro Focus International PLC, Cherwell Software LLC, CA Technologies (Broadcom), among others. These companies are continuously expanding their market share through product innovations, partnerships, and strategic acquisitions.
In order to ensure the smooth functioning of businesses and protect sensitive data, governments in North America have implemented various regulations related to change and configuration management. For example, in the United States, there are strict regulations in place for financial institutions under the Sarbanes-Oxley Act (SOX) and Health Insurance Portability and Accountability Act (HIPAA). These regulations require companies to have proper change management processes in place to ensure compliance.
Similar regulations exist in Canada and Mexico, making it imperative for businesses to invest in effective change and configuration management tools to remain compliant.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, US is anticipated to dominate the North America Change and Configuration Management Market owing to the high adoption of advanced technologies in various industries, well-established IT infrastructure, and presence of major market players. Additionally, increasing investments in cybersecurity solutions to protect against data breaches and cyber attacks are also expected to drive the growth of the US market.
Based on components, the software segment is expected to dominate the market during the forecast period. This can be attributed to the increasing demand for automated solutions to manage change and configuration processes, as well as the rising adoption of cloud-based software.
In terms of organization size, the enterprise segment is expected to dominate the market in terms of component. This can be attributed to the larger budgets and resources available for enterprises to invest in more advanced change and configuration management tools. However, with the increasing adoption of cloud-based solutions, SMEs are also expected to see a significant growth in their usage of change and configuration management software. Overall, both SMEs and enterprises are contributing to the growth of the North America Change and Configuration Management Market.
Based on deployment, the cloud segment is expected to dominate the market during the forecast period. This can be attributed to the benefits of cloud-based solutions such as scalability, cost-effectiveness, and ease of access. With the increasing adoption of remote work and virtual teams, cloud-based deployment is becoming a popular choice for businesses looking to streamline their change and configuration management processes.
Based on vertical, the BFSI (Banking, Financial Services and Insurance) segment is expected to dominate the market in terms of component. This can be attributed to the high demand for efficient change and configuration management processes in the constantly evolving banking industry, as well as increasing investments in technology and cybersecurity solutions. However, other sectors such as healthcare, education, government and public sector, telecom and IT, and retail and consumer packaged goods are also expected to see significant growth in their adoption of change and configuration management tools. As businesses across all industries continue to digitize and automate their operations, the demand for effective change management processes is expected to increase in all verticals.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Change and Configuration Management Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Change and Configuration Management Market Revenues & Volume, 2021 & 2031F |
3.3 North America Change and Configuration Management Market - Industry Life Cycle |
3.4 North America Change and Configuration Management Market - Porter's Five Forces |
3.5 North America Change and Configuration Management Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Change and Configuration Management Market Revenues & Volume Share, By Components , 2021 & 2031F |
3.7 North America Change and Configuration Management Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
3.8 North America Change and Configuration Management Market Revenues & Volume Share, By Deployment , 2021 & 2031F |
3.9 North America Change and Configuration Management Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 North America Change and Configuration Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Change and Configuration Management Market Trends |
6 North America Change and Configuration Management Market, 2021 - 2031 |
6.1 North America Change and Configuration Management Market, Revenues & Volume, By Components , 2021 - 2031 |
6.2 North America Change and Configuration Management Market, Revenues & Volume, By Organization Size , 2021 - 2031 |
6.3 North America Change and Configuration Management Market, Revenues & Volume, By Deployment , 2021 - 2031 |
6.4 North America Change and Configuration Management Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 United States Change and Configuration Management Market, 2021 - 2031 |
7.1 United States Change and Configuration Management Market, Revenues & Volume, By Components , 2021 - 2031 |
7.2 United States Change and Configuration Management Market, Revenues & Volume, By Organization Size , 2021 - 2031 |
7.3 United States Change and Configuration Management Market, Revenues & Volume, By Deployment , 2021 - 2031 |
7.4 United States Change and Configuration Management Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Canada Change and Configuration Management Market, 2021 - 2031 |
8.1 Canada Change and Configuration Management Market, Revenues & Volume, By Components , 2021 - 2031 |
8.2 Canada Change and Configuration Management Market, Revenues & Volume, By Organization Size , 2021 - 2031 |
8.3 Canada Change and Configuration Management Market, Revenues & Volume, By Deployment , 2021 - 2031 |
8.4 Canada Change and Configuration Management Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 North America Change and Configuration Management Market Key Performance Indicators |
10 North America Change and Configuration Management Market - Opportunity Assessment |
10.1 North America Change and Configuration Management Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Change and Configuration Management Market Opportunity Assessment, By Components , 2021 & 2031F |
10.3 North America Change and Configuration Management Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
10.4 North America Change and Configuration Management Market Opportunity Assessment, By Deployment , 2021 & 2031F |
10.5 North America Change and Configuration Management Market Opportunity Assessment, By Vertical, 2021 & 2031F |
11 North America Change and Configuration Management Market - Competitive Landscape |
11.1 North America Change and Configuration Management Market Revenue Share, By Companies, 2024 |
11.2 North America Change and Configuration Management Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |