This IDC study provides a detailed description of IDC's worldwide vertical industry and company size methodology and taxonomy. It should be used as a companion piece for IDC's Worldwide ICT Spending Guide by Industry and Company Size and all of IDC's worldwide vertical research. Technology suppliers may utilize this approach and structure...
The AIOps Market is expected to grow at a CAGR of 26.2% during the forecast period 2021 to 2026. Large volumes of alerts, significant IT noise, and signals distributed across disparate tools hold back DevOps professionals. Meanwhile, teams’ requirement to improve performance across IT infrastructure and more accurately solve and resolve incidents...
MarketsandMarkets estimates the global enterprise architecture tools market size would grow from 989 million in 2020 to USD 1,283 million by 2026, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing adoption of the business-driven enterprise...
The managed application services market was valued at USD 3.08 billion in 2020, at a CAGR of 18.23% over the forecast period from 2021 - 2026. The rise in demand for end-to-end application hosting services will increase the market in the forecast period. The managed application services allow the organization to outsource certain aspects of...
The global IT outsourcing market was valued at USD 318.5 billion in 2020, and it is expected to reach USD 425.19 billion by 2026, registering a CAGR of 4.5%, during the forecast period (2021 - 2026). With digital transformation, organizations have become dependent on the success of creative applications and extensions that IT could provide....
The Global Managed Services Market (henceforth, referred to as the market studied) was valued at USD 152.05 billion in 2020, and it is expected to reach USD 274.20 billion by 2026, registering a CAGR of 11.2%, during the forecast period (2021-2026). Since the outbreak of COVID-19, the demand for cloud-based solutions has seen a significant...
The global Enterprise Asset Management (EAM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.3 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global...
In terms of revenue, the global USB Devices market was valued at US$ 30869.1 million in 2019 and it is projected to reach US$ 59266.8 million by 2027; it is expected to grow at a CAGR of 8.7% during the forecast period from 2020 to 2027. Universal serial bus (USB) or USB key or USB stick devices store data in flash memory with a USB-integrated...
This IDC Market Perspective provides an overview of the potential impact on the digital market of the Trade and Cooperation Agreement between the U.K. and Europe. The key elements of the deal and their effects on ICT spending are discussed, providing a picture of the consequences on firms and the most exposed technology areas. To better understand...
The Global Field Service Management Market (henceforth referred to as the market studied) was valued at USD 2.85 billion in 2019, and it is expected to reach USD 7.10 billion by 2026, registering a CAGR of 15.4%, during the period, 2021-2026. Field service management firms are experiencing immense pressure to effectively lead teams...