TECH SUPPLIER Feb 2018 - Market Forecast - Doc # US43535118
Worldwide IT Operations Management Software Forecast, 2018–2022: First Look
This IDC study provides the first sizing and forecast for the newly defined IT operations management software market, which incorporates software and SaaS solutions previously reported in performance management and IT event and log management categories. See the Market Definition section and refer to IDC's Worldwide Software Taxonomy, 2017 (IDC #US42961816, August 2017) for further details. The worldwide IT operations management software market achieved revenue of $8.26 billion in 2017 according to IDC estimates. The market as a whole is forecast to grow at a compound annual growth rate of 7.2% during the 2017–2022 period, with the public cloud–based segment growing at a much higher double-digit rate.
"The market is being driven by the need to monitor, manage, and optimize systems, infrastructure, applications, and end-user experience across increasingly complex on-premise, hybrid, public cloud, and multicloud deployments." — Tim Grieser, program vice president, Enterprise System Management Software
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