Worldwide Intelligent CloudOps Software Forecast, 2023-2027

Description

This IDC study presents a five-year forecast (2023-2027) for the worldwide intelligent CloudOps software market. Growth in this market represents a five-year CAGR of 18.5%, which is based on "as reported" revenue in the U.S. dollar current currency. IDC estimates that the worldwide market for intelligent CloudOps software will reach $14.7 billion in 2022 and grow to $34.3 billion in 2027."Investments in the automation of their cloud infrastructure is top of mind for many enterprises," according to Jevin Jensen, vice president of Intelligent CloudOps at IDC. "As rising inflation puts IT budgets under increasing pressure and higher interest rates bring potential recession, enterprises recognize the need to invest in the tools that will help them automate, optimize cloud spend, and deliver business value."

Product Code: US51029823

IDC Market Forecast

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors
- Drivers
  - Cloud Adoption Accelerates
  - Increasing Investments in Cloud-Native Development
  - Inflation and Tighter IT Budgets Increase the Focus on Cloud Costs
- Inhibitors
  - Ongoing Macroeconomic 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 - Multiple Cloud Management Control, Serverless Computing, AI, and Functions as a Service