From GlobeNewswire: 2025-05-12 10:00:00

The IT Operations Management Software Market is projected to grow from USD 52.34 billion in 2023 to USD 134.98 billion by 2032, with a CAGR of 11.17%. Major players like IBM, Microsoft, and ServiceNow are driving growth in the US market, which is expected to reach USD 39.81 billion by 2032.

Large enterprises lead the market, accounting for 74% of revenue share in 2023, while SMEs are expected to experience the fastest CAGR. Cloud deployment dominates with 70% of revenue share, offering scalability and cost efficiency. The IT & Telecom sector dominates, while the retail & e-commerce segment is expected to grow rapidly. IT Operations Management Software helps organizations manage digital storefronts, omnichannel infrastructures, and maintain consistent customer experiences. North America leads the market with 24% revenue share, while Asia-Pacific shows the highest growth potential due to digitalization and IT investments. Recent developments include AI-driven features by ServiceNow and observability tools by Splunk.



Read more at GlobeNewswire: IT Operations Management Software Market to Reach USD