TECH SUPPLIER Dec 2022 - Market Forecast - Doc # US49941722

Worldwide Software Change, Configuration, and Process Management Forecast Update, 2022–2026: DevOps Demand and Hybrid Work Drive Higher Demand


Melinda-Carol Ballou

This IDC study provides a 2022–2026 forecast update for the worldwide software change, configuration, and process management (SCCPM) market. We have increased our forecast CAGR for this market to 20.8% for the five-year CAGR to revenue of $15.96 billion by 2026 (from a 18.8% CAGR for the 2021–2026 time frame published in September 2022 to revenue of $13.92 billion by 2026). This increase is based on dynamic growth in adoption that IDC has observed, surveys including data gathered semimonthly about buying pattern commitments, and visibility into revenue growth as we gather data during 1H22. There has also been a foundational cycle of high double-digit revenue growth for leading vendors resulting from G2000 and SMB investment over the past five years. This resulted from expansion 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 value streams, requirements, code repositories, and SBOMs; and DevOps expenditures in the wake of higher investment. The need for collaboration, code governance, and application delivery drove growth and will continue to do so moving into 2H22–2023 and beyond, as organizations moved with drastic speed to digitize during the pandemic and will increasingly need to address technical debt accrued during that time frame as they move forward.

"We see massively broadening SCCPM engagement given its role for software collaboration, creation, and delivery to enable survival and a foundation for expansion during this time of global volatility. SCCPM solutions for adaptive DevOps execution drove double-digit market growth for the past five years and are an imperative during 2022 as we finish up the year and move into the forecast period's evolution for the journeys to come," says Melinda Ballou, research director, Agile Application Life-Cycle Management, Quality, and Portfolio Strategies at IDC. "With the massively disruptive impact of COVID-19, geopolitical and environmental upheaval and, at the same time, the dramatic shift to digital execution and hybrid work (that demands agile strategies, cooperation, and continuous deployment for DevOps), we expect that a number of factors will continue to contribute to high SCCPM growth during the forecast period, even in the face of financial volatility. This includes the strong emergence of platforms, collaboration, SBOM strategies, smart data analytics, and value stream management to help address demands for distributed development and delivery, increased compliance, and cloud models that enable faster adoption. Indeed, we saw a fifth consecutive year of even higher, extraordinary double-digit revenue growth overall in 2021 for innovative vendors targeting these areas that are again now poised for high revenue increases. We expect the push toward multimodal, multiplatform deployments along with evolving ML and AI and other capabilities to drive stronger SCCPM growth over the forecast period at a higher CAGR of 20.8% to reach revenue of around $15.96 billion by 2026 as platforms consolidate via acquisition and organic expansion and as platform-as-a-service DevOps solutions dominate."



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