The Forrester Wave™: Cloud Cost Management And Optimization Solutions, Q3 2024
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were added in this report.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were dropped in this report.
The cloud cost management and optimization (CCMO) market continues its meteoric growth driven by three areas: 1) public cloud is a necessary part of an enterprise infrastructure strategy, 2) slowed economic growth has prompted cost-cutting measures and demands justification for any spend, 3) the contraction of the hybrid cloud management world, shifting focus from heavy, complex hybrid cloud management solutions to simpler, less expensive CCMO solutions. Tooling vendors ranging from traditional vendors such as CCMO and hybrid cloud management to adjacent cloud management areas like cloud security, observability and monitoring, and multicloud container platform vendors are either introducing or deepening their CCMO capabilities.
A: Vendors marked as nonparticipating vendors in the Forrester Wave graphic met the defined inclusion criteria but declined to participate in or contributed only partially to the evaluation. These vendors are scored in accordance with Forrester's vendor participation policy and their positioning is published along with those of the participating vendors.