Grid® for Cloud Cost Management Tools
Cloud Cost Management Tools Definition
Cloud cost management software helps companies control cloud infrastructure spending by monitoring resource usage and computing demands, alerting users to underutilized capacity, automatically scaling usage to optimal rates, and providing reporting features to identify waste and redundancies across cloud environments.
Core Capabilities of Cloud Cost Management Software
To qualify for inclusion in the Cloud Cost Management category, a product must:
- Monitor cloud infrastructure usage
- Track spending as it relates to resource usage
- Identify areas to save by reducing resource usage
Common Use Cases for Cloud Cost Management Software
IT, finance, and DevOps teams use cloud cost management tools to maximize the efficiency of cloud infrastructure investments. Common use cases include:
- Monitoring real-time cloud resource consumption to detect overspending or underutilized capacity
- Automatically scaling cloud usage to match demand and eliminate unnecessary spend
- Generating cost allocation and waste reports to identify optimization opportunities across teams and workloads
How Cloud Cost Management Software Differs from Other Tools
Cloud cost management tools are typically paired with infrastructure as a service (IaaS) offerings to minimize the costs of pay-as-you-go cloud models. They differ from SaaS spend management software, which monitors and manages spending on cloud-based SaaS applications rather than the underlying cloud infrastructure and compute resources.
Insights from G2 on Cloud Cost Management Software
Based on category trends on G2, real-time usage monitoring and automated rightsizing recommendations stand out as the most valued capabilities. These platforms deliver measurable reductions in cloud spend and improved budget visibility as primary outcomes of adoption.
Cloud Cost Management Grid® Scoring Description
Products shown on the Grid® for Cloud Cost Management have received a minimum of 10 reviews/ratings in
data gathered by November 22, 2022. Products are ranked by customer satisfaction (based on user reviews) and market
presence (based on market share, seller size, and social impact) and placed into four categories on the
Grid®:
- Products in the Leader quadrant are rated highly by G2 users and have substantial Market Presence scores. Leaders include: Amazon CloudWatch, IBM Turbonomic, CloudKeeper, Zesty, Hashicorp Terraform, and Nutanix Cloud Manager (NCM)
- High Performing products have high customer Satisfaction scores and low Market Presence compared to the rest of the category. High Performers include: nOps, CAST AI, Anodot, CloudZero, Densify, Economize, Spot Cloud Analyzer, Xosphere Instance Orchestrator, Tenacity, and Pepperdata Cloud Performance
- Contender products have relatively low customer Satisfaction scores and high Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Contenders include: AWS Budgets, IBM Storage Insights, Lumen Cloud Application Manager, and Flexera One
- Niche products have relatively low Satisfaction scores and low Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Niche products include: vRealize Operations, Builder.ai, CoreStack, NetApp Cloud Volumes ONTAP, AWS Cost Explorer, Apptio Cloudability, Yotascale, AWS Cost and Usage Report, and Azure Cost Management and Billing
© 2022 G2, Inc. All rights reserved. No part of this publication may be reproduced or distributed
in any form without G2’s prior written permission. While the information in this report has been
obtained from sources believed to be reliable, G2 disclaims all warranties as to the accuracy,
completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information.
Hunting for software insights?
With over 3 million reviews, we can provide the specific details that help you make an informed software buying decision for your business. Finding the right product is important, let us help.
Your software and services insights are valuable.
Your peers come to G2 to get an inside look at and other business solutions. Adding perspective on will help others pick the right solution based on real user experience.
