VMware, Inc. announced that leading analyst firm IDC has ranked VMware No. 1 in worldwide cloud cost transparency software based on IDC calculations of calendar year 2020 revenues.(1) As cloud adoption continues, cloud spending and transparency are top focus areas for enterprises. This recognition demonstrates VMware’s commitment to helping enterprises find cost-effective ways to maximize cloud usage and efficiency.
“Worldwide Cloud Cost Transparency Software Market Shares, 2020: Product Innovation Drives Rapid Growth”
“The rapid adoption of public cloud has introduced many opportunities, but it has also resulted in unexpected costs, for companies. Greater transparency can help companies invest in the right multi-cloud strategy and technology to drive better business outcomes,” said Purnima Padmanabhan, senior vice president and general manager, Cloud Management Business Unit, VMware. “At VMware, cloud spend is a first-class metric and KPI. We empower businesses with deep cost visibility and insights to help them make better business decisions as well as help them optimize and save on their multi-cloud bills.”
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“Cloud cost transparency products will enable enterprises to adopt modern organizational models more quickly, including FinOps. In addition, having a single tool to optimize current cloud spending and better surface and forecast new projects will allow enterprises to realize the benefits of the cloud model fully,” said Jevin S. Jensen, Research Vice President, Intelligent CloudOps Market, IDC.
Leading in Cloud Cost Transparency
The IDC report, “Worldwide Cloud Cost Transparency Software Market Shares, 2020: Product Innovation Drives Rapid Growth,” analyzes 2020 vendor shares and activity across worldwide product offerings, while providing a competitive view of leading vendors. According to the report, in 2020, VMware led in the worldwide cloud cost transparency software competitive space.
IDC noted that VMware acquired CloudHealth and its 3,000+ existing customers in 2018. According to IDC, VMware successfully matched CloudHealth’s customer base with its enterprise relationships. The report also noted VMware’s investment in improving the ease of use and reducing the effort enterprises need to implement cost-saving recommendations from the solution.
CloudHealth, a VMware Cross-Cloud service, is a robust cloud management platform that helps customers simplify financial management, streamline operations, and improve cross-organizational collaboration. Today, thousands of organizations worldwide rely on CloudHealth to continuously optimize and control their cloud spend. Customers can leverage VMware’s deep insight and experience in public cloud management to grow their own cloud expertise using a proven framework to progress through their cloud management maturity journey.
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