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TECH SUPPLIER Oct 2019 - Market Forecast - Doc # US45569519

Worldwide IT Operations Analytics Software Forecast, 2019–2023

By: Tim GrieserResearch Vice President, Enterprise System Management Software

Abstract

This IDC study presents a five-year forecast for the worldwide IT operations analytics software market as of September 2019. This study updates the previous forecast published in Worldwide IT Operations Analytics Software Forecast, 2018–2022 (IDC #US44478718, December 2018).

"According to IDC estimates, the worldwide IT operations analytics software market grew to $2.9 billion in 2018, in large part, because of growing data volumes and increased availability of easier-to-use, lower-cost, and easier-to-deploy solutions," explains Tim Grieser, research vice president, Enterprise System Management Software. "IDC expects that this market will grow at a CAGR of 9.5% during the 2019–2023 period and exceed $4.5 billion by 2023."


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