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Worldwide Software Configuration, Change, and Process Management Forecast, 2020-2024: Agile Execution and Continuous Deployment Underpin Growth from COVID-19 Onward -- 2Q20

Worldwide Software Configuration, Change, and Process Management Forecast, 2020-2024: Agile Execution and Continuous Deployment Underpin Growth from COVID-19 Onward -- 2Q20

  • July 2020
  • 14 pages
  • ID: 5948997
  • Format: PDF
  • IDC

Summary

Table of Contents

This IDC study provides the 2019-2024 forecast for the worldwide software configuration, change, and process management (SCCPM) market. Revenue growth for leading vendors resulting from G2000 and SMB 2018 investment led to revenue growth of 16.0% to reach $4 billion (as compared with 15.6% growth to reach $3.45 billion in 2018). This resulted from some growth on the part of some major vendors across areas of innovation in this broad market and massive, rapid growth on the part of others; investment by organizations seeking to gain agile automation and management for requirements; and DevOps expenditures in the wake of higher investment during 2019. The need for governance began to drive growth, and it will continue to do so in 2019-2020, though not at such highly sustainable levels over the forecast period longer term."Broadening engagement and investment despite some volatility in the world economy and the position of software as a competitive driver drove the need for effective management, resulting in growth for the 2019 SCCPM market, at 16%, as companies sought to drive innovation and manage complex IT initiatives," says Melinda Ballou, IDC research director, Agile Application Life-Cycle Management, Quality and Portfolio Strategies. "With the massively disruptive impact of COVID-19, and at the same time, the dramatic shift to digital execution and remote work (that demands agile execution, collaboration, and continuous deployment for DevOps), we expect that a number of factors will continue to contribute to SCCPM growth during the forecast period of 2020-2024, including the strong emergence of platforms, collaboration, and value stream management to help address demands for distributed development, increased compliance, and cloud models that enable faster adoption. Indeed, we saw a third consecutive year of very high double-digit revenue growth overall in 2019 and for innovative vendors targeting these areas. We expect the push toward multimodal, multiplatform deployments (including mobile, social media applications, and embedded with big data analytics) to drive growth over the forecast period with a high CAGR of at least 6.1% to reach revenue of around $5.4 billion by 2024 as platforms consolidate via acquisition and organic evolution and as platform-as-a-service DevOps solutions emerge over time."

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