IDC Forecasts Enterprise System Management Software Revenue Will Surge to $25 Billion in 2005
FRAMINGHAM, MA – SEPTEMBER 18, 2001 – According to IDC, the enterprise system management software market grew to $13.8 billion in 2000 and is expected to increase to $24.9 billion in 2005. This represents a compound annual growth rate (CAGR) of 12.5% for the forecast period.
Of the 10 functional markets that comprise the enterprise system management software market, performance management software and backup and archive software are the largest, with each grabbing about 19% market share. IDC projects both of these markets will increase at a 12% CAGR over the forecast period.
"The continued growth of ebusiness, widespread use of Web components, and the move toward Web-based tools are all factors that will drive revenue increase in performance management software over the next five years," said Tim Grieser, research director of IDC’s Enterprise System Management Software service. "This represents a growing revenue opportunity for both systems and applications performance management software vendors."
According to IDC, demand for software that can simplify and automate the management of the storage environment will also occur over the forecast period. "The demand for more sophisticated storage management software will accelerate over the next five years as storage networks are more widely deployed to support the continuing, relentless growth of enterprise storage capacity," said Bill North, research director of IDC’s Storage Software service.
IDC believes the following factors may inhibit revenue growth:
· Some vendors are currently altering their software licensing models to a subscription basis, which will have a short-term negative effect on the market.
· A shortage of IT professionals with the necessary expertise needed to deploy and implement tools in complex infrastructure management areas will continue.
IDC’s recently published bulletin Enterprise System Management Software Market Forecast and Analysis, 2001-2005 (IDC #24838) sizes this market in 2000, provides a five-year outlook, and segments revenues by submarket, vendor, region, vendor class, and platform.
The following documents provide forecast and analysis on individual market levels – Performance and Availability Management Software Market Forecast and Analysis, 2001-2005 (IDC #24820), Problem Management Software Market Forecast and Analysis, 2001-2005 (IDC#24847), Systems Operations Software Market Forecast and Analysis, 2001-2005 (IDC#24819), Storage Software Market Forecast and Analysis, 2001-2005 (IDC#25074). Each of these documents provides 2000 market sizing, key trends, vendor revenue shares, and overall five-year forecast though 2005.
To purchase this research, please contact Cheryl Toffel at 1-800-343-4952 extension 4389 or at firstname.lastname@example.org.
IDC delivers dependable, high-impact insights and advice on the future of ebusiness, the Internet, and technology to help organizations make sound business decisions. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies, and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 700 analysts in 43 countries worldwide. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at http://www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
# # #
All product and company names may be trademarks or registered trademarks of their respective holders.