target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Forecast - Doc Document number: # US51551424
Worldwide Intelligent CloudOps Software Forecast, 2024–2028
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Abstract
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."