Problem Management Software

PUBLISHED: August 29, 2024

PAGES: 194 Pages

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Description

Global Problem Management Software Market to Reach US$3.4 Billion by 2030

The global market for Problem Management Software estimated at US$2.5 Billion in the year 2023, is expected to reach US$3.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. Problem Management Software, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Problem Management Services segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$656.6 Million While China is Forecast to Grow at 4.5% CAGR

The Problem Management Software market in the U.S. is estimated at US$656.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$544.9 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Problem Management Software Market - Key Trends and Drivers Summarized

Problem Management Software: Streamlining IT Operations with Efficient Issue Resolution

Problem management software is a specialized IT tool designed to identify, manage, and resolve the root causes of incidents and issues within an organization’s IT infrastructure. Unlike incident management, which focuses on restoring normal service as quickly as possible, problem management aims to prevent incidents from recurring by addressing the underlying problems that cause them. This software provides IT teams with a systematic approach to problem identification, root cause analysis, and the implementation of permanent solutions, thereby improving the overall stability and performance of IT systems. By leveraging problem management software, organizations can reduce downtime, enhance service quality, and improve the efficiency of their IT operations.

How Are Technological Advancements Enhancing Problem Management Software?

Technological advancements have significantly enhanced the capabilities of problem management software, making it a more powerful and integral tool for modern IT operations. The integration of artificial intelligence (AI) and machine learning into problem management platforms has enabled more accurate and efficient root cause analysis, allowing IT teams to identify patterns and correlations that may not be immediately apparent. Automation features have streamlined the problem management process by automating repetitive tasks such as data collection, logging, and reporting, freeing up IT staff to focus on more complex issues. The rise of predictive analytics has further improved the proactive capabilities of problem management software, enabling organizations to anticipate and address potential problems before they lead to incidents. Additionally, the integration of problem management software with other IT service management (ITSM) tools, such as incident and change management, has created a more cohesive and efficient approach to IT operations, ensuring that issues are resolved quickly and effectively. These technological improvements are driving the adoption of problem management software across various industries, helping organizations enhance the reliability and performance of their IT systems.

What Are the Key Applications and Benefits of Problem Management Software?

Problem management software is used across a wide range of industries to enhance IT operations, offering numerous benefits that improve service reliability, reduce downtime, and optimize IT resources. In large enterprises, problem management software is essential for managing the complex IT environments that support critical business operations, ensuring that issues are identified and resolved before they impact users. In the financial services sector, problem management software helps maintain the stability and security of financial systems, reducing the risk of service interruptions and data breaches. The healthcare industry relies on problem management software to ensure the reliability of medical IT systems, preventing disruptions that could affect patient care. The primary benefits of problem management software include improved incident resolution, reduced operational costs, enhanced service quality, and increased IT efficiency. By systematically addressing the root causes of IT issues, organizations can prevent recurring incidents, improve system performance, and deliver better service to their customers.

What Factors Are Driving the Growth in the Problem Management Software Market?

The growth in the problem management software market is driven by several factors. The increasing complexity of IT environments and the growing reliance on digital services are significant drivers, as organizations require more advanced tools to manage and resolve IT issues. Technological advancements in AI, machine learning, and automation are also propelling market growth, as these innovations enhance the capabilities and efficiency of problem management software. The rising focus on IT service quality and reliability is further boosting demand, as organizations seek to minimize downtime and ensure the smooth operation of their IT systems. Additionally, the expansion of industries such as finance, healthcare, and e-commerce, where IT reliability is critical, is contributing to market growth. The growing adoption of ITSM frameworks and the increasing emphasis on proactive IT management are also supporting the growth of the problem management software market. These factors, combined with continuous innovation in software development, are driving the sustained growth of the problem management software market.

Select Competitors (Total 42 Featured) -

Atlassian
Axios Systems PLC
BMC Software, Inc.
Cherwell Software, LLC
Freshworks Inc.
Ivanti
ServiceNow, Inc.
Soft Expert Software
SolarWinds Worldwide LLC
TeamQuest Corporation
Zendesk, Inc.

Product Code: MCP14212

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Problem Management Software - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Problem Management Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 2: World Historic Review for Problem Management Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 3: World 16-Year Perspective for Problem Management Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 5: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 6: World 16-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 8: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 9: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 10: World Problem Management Software Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 11: USA Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 12: USA Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: USA 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: Canada Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: Canada 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
JAPAN
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 17: Japan Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: Japan Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: Japan 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
CHINA
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 20: China Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: China Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: China 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
EUROPE
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 23: Europe Recent Past, Current & Future Analysis for Problem Management Software by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 24: Europe Historic Review for Problem Management Software by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: Europe 16-Year Perspective for Problem Management Software by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
FRANCE
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 29: France Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 30: France Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: France 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
GERMANY
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 32: Germany Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: Germany Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: Germany 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
ITALY
- TABLE 35: Italy Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: Italy Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: Italy 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
UNITED KINGDOM
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 38: UK Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: UK Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: UK 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
REST OF EUROPE
- TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: Rest of Europe Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: Rest of Europe 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
ASIA-PACIFIC
- Problem Management Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Asia-Pacific Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: Asia-Pacific 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030
REST OF WORLD
- TABLE 47: Rest of World Recent Past, Current & Future Analysis for Problem Management Software by Segment - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of World Historic Review for Problem Management Software by Segment - Software and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of World 16-Year Perspective for Problem Management Software by Segment - Percentage Breakdown of Value Sales for Software and Services for the Years 2014, 2024 & 2030