TECH SUPPLIER Dec 2018 - Market Forecast - Doc # US44518718
Worldwide IT Operations Management Software Forecast Update, 2018–2022
This IDC study provides an updated sizing and forecast for the recently defined IT operations management software market, which incorporates software and SaaS solutions previously reported in the performance management and IT event and log management categories. See the Market Definition section and refer to IDC's Worldwide Software Taxonomy, 2018 (IDC #US44220818, September 2018) for further details.
According to IDC estimates, the worldwide IT operations management software market achieved revenue of $8.45 billion in 2017. The market as a whole is forecast to grow at a compound annual growth rate of 8.0% 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, research vice president, Enterprise System Management Software
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