Enterprises struggle to define, measure, realize, and refine value from their cloud investments, leading to increased dissatisfaction among cloud-consuming businesses. The gap between cloud promises and reality highlights fragmented cloud cost management and misaligned strategies. Consequently, FinOps has become a key enterprise imperative for navigating the cloud-centric IT landscape as it ensures optimizing budgets through data-driven decisions and maximizing RoI.

Enterprises seek FinOps products that enable business-driven cost decisions, offer strong financial visibility, role-based access, guaranteed savings, promote cross-team collaboration, and cost intelligence. In response, FinOps cloud cost management providers are improving their product functionalities and investing in next-generation technologies to enhance capabilities across cloud cost reporting, optimization, automation, governance, and security.

This compendium provides comprehensive and fact-based snapshots of 13 providers, highlighting their capabilities in the FinOps cloud cost management products market. Each profile offers a comprehensive picture of the provider’s operational overview, capabilities, recent developments, and market success. The research will enable buyers to select the best-fit provider for their needs and allow providers to benchmark themselves against the competition.

Scope

• All industries and geographies
• This assessment is based on Everest Group’s annual RFI process for the calendar year 2024, interactions with leading FinOps cloud cost management product providers, client reference checks, and an ongoing analysis of the FinOps market

Contents

This report features a detailed assessment of 13 providers that focus on the FinOps cloud cost management products market.

Membership(s)

Cloud and Infrastructure Services

Sourcing and Vendor Management