TECH SUPPLIER Jul 2021 - Market Forecast - Doc # US47996521
Worldwide Intelligent CloudOps Software Forecast, 2021–2025
This IDC study presents a five-year forecast (2021-2025) for the worldwide intelligent CloudOps software market. According to IDC's current forecast, the worldwide market for intelligent CloudOps software will achieve $11.5 billion in 2021 and grow to total $27.1 billion in 2025. This represents a five-year compound annual growth rate (CAGR) of 24.6% based on "as reported" revenue in U.S. dollar current currency.
"Enterprises are increasing investments in cloud infrastructure and services as they reset business priorities and plan ahead for uncertain conditions," according to Stephen Elliot, program vice president, I&O, Cloud Operations, and DevOps. "As more and more mission-critical workloads move to connected cloud architectures that span public, private, hybrid, and multicloud environments, enterprises recognize they need to invest in the tools that will help them to ensure consistent policies and performance across all platforms and end users."
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