Worldwide Intelligent CloudOps Software Forecast, 2024-2028

Description

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."

Product Code: US51551424

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