TECH SUPPLIER Nov 2021 - Market Forecast - Doc # US48353021
Worldwide Application Performance Management Software Forecast, 2021–2025: Market Pivots to Observability
By: Stephen ElliotGroup Vice President, I&O, Cloud Operations, and DevOps, Rohit MehraGroup Vice President, Network and Telecom Infrastructure, Melinda-Carol BallouResearch Director, Agile ALM, Quality & Portfolio Strategies, Tim GrieserResearch Vice President, Enterprise System Management Software, Mark LearyResearch Director, Research Director, Network Analytics & Automation
This IDC study updates the previous forecast published in Worldwide Application Performance Management Software Forecast, 2020–2024 (IDC #US46891620, October 2020).
"The worldwide application performance management software market achieved an estimated $5.3 billion in 2020 in large part because of increased demand for solutions designed to support DevOps and multicloud infrastructure initiatives," explains Stephen Elliot, group vice president, Infrastructure and Operations, Cloud Operations, and DevOps at IDC. "The APM market is forecast to grow at a CAGR of 11.3% through 2025 by providing value to a much wider range of developers, IT operations, and SRE teams that need constant, current visibility into end-to-end application performance and end-user experience."
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