Worldwide Intelligent CloudOps Software Forecast, 2024–2028
This IDC study presents a five-year forecast (2024–2028) for the worldwide intelligent CloudOps software market. Growth in this market represents a five-year CAGR of 16.7%, based on "as reported" revenue in the U.S. dollar current currency. IDC estimates that the worldwide market for intelligent CloudOps software will reach $18.5 billion in 2023 and grow to $40.0 billion in 2028."Companies continue to invest in cloud and hybrid cloud automation driven by tool consolidation and complexity reduction," according to Jevin Jensen, vice president, Intelligent CloudOps at IDC. "As resiliency and proactive incident resolution become top of mind for IT leaders of the digital businesses, this market will continue to expand faster than the broader software market."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Digital Transformation Projects and Cloud Adoption Continue
- Increasing Investments in Cloud-Native Development
- Inflation and Tighter IT Budgets Increase the Focus on Cloud Costs
- Inhibitor
- Ongoing Geopolitical Uncertainty
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Cloud IT Automation and Configuration Management
- Cloud Configuration, Provisioning, and Governance
- Programmable Configuration Automation
- Multicluster Container Management
- Cloud IT Operations Management
- Cloud Observability
- Cloud Cost and Capacity Optimization
- Cloud IT Service Management
- Disruptive Technologies to Watch — Generative AI in IT Automation, Policy as Code, and Event-Drive Automation
- Methodology
- Historic and Forecast Market Values and Exchange Rates
- Related Research
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