Western Europe Public Cloud System and Service Management Software Market Forecast, 2018-2023
This report provides a detailed view of the Western Europe public cloud system and service management software spending and growth in the next five years; Figure 1 shows annual market revenue and growth percentages and breaks down revenues by functional market. Overall, the Western Europe public cloud SSM software market is now estimated to achieve a revenue of $1.3 billion in 2019 and is forecast to grow to $3.4 billion in 2023 with a six-year compound annual growth rate (CAGR) of 22.8%. This IDC Market Forecast discusses the Western Europe public cloud system and service management software market and illustrates how the IT industry will evolve during the next five years. It includes market growth among the different IT segments and details how enterprises should face new technology changes in the cloud industry."IT automation and configuration management software solutions continue to be critical building blocks to deploy and run cloud infrastructure. ITACM software is consequently the fastest-growing segment," said Carla Arend, senior program director, IDC European Cloud Research.