Forrester Wave Report on Cloud Cost Management Solutions

This document is a Forrester Wave report evaluating cloud cost management and optimization (CCMO) solutions for Q3 2024. It identifies and analyzes twelve significant vendors in the CCMO market, providing a detailed assessment based on a 25-criterion evaluation. The report outlines how each vendor measures up against the criteria and assists cloud professionals in selecting the most suitable solution for their organizational needs. The report emphasizes the importance of unified visibility, optimization recommendations, and the ability to tie engineering decisions to business targets. It also discusses the growing demand for tools that can integrate costs from various solutions beyond just infrastructure as a service. Additionally, the evaluation categorizes vendors into Leaders, Strong Performers, Contenders, and Challengers, providing insights into their strengths and weaknesses. This assessment serves as a foundational resource for organizations seeking to navigate the evolving CCMO landscape.