TECH SUPPLIER Oct 2021 - Market Forecast - Doc # US48251621

Worldwide IT Operations Analytics Software Forecast, 2021–2025: Data Volumes and AIOps Capabilities Drive Growth

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 2021. This study updates the previous forecast published in Worldwide IT Operations Analytics Software Forecast, 2020-2024 (IDC #US46958720, November 2020).

"According to IDC estimates, the worldwide IT operations analytics software market achieved $3.7 billion in 2020 in large part because of growing data volumes and velocity and increased availability of easier-to-use, lower-cost, and easier-to-deploy solutions," explains Tim Grieser, research vice president, Enterprise System Management Software. "Looking ahead, after a slowdown from the worldwide pandemic, IDC expects that this market will grow at a CAGR of 9.8% during the 2021–2025 forecast period and exceed $5.9 billion by 2025."


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