Worldwide IT Operations Analytics Software Forecast, 2020-2024

Worldwide IT Operations Analytics Software Forecast, 2020-2024

  • November 2020 •
  • 11 pages •
  • Report ID: 5084630 •
  • Format: PDF
This IDC study presents a five-year forecast for the worldwide IT operations analytics (ITOA) software market as of October 2020. This study updates the previous forecast published in Worldwide IT Operations Analytics Software Forecast, 2019-2023 (IDC #US45569519, October 2019)."According to IDC estimates, the worldwide IT operations analytics software market grew to $3.6 billion in 2019 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 8.2% during the 2020-2024 forecast period and exceed $5.3 billion by 2024."
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