Global ITOM, per Gartner, IDC, MarketsandMarkets, Oct 2026 (independent research).
Source: Gartner, IDC, MarketsandMarkets, Oct 2026 [1]
The global IT Operations Management (ITOM) market size reached USD 41.5 billion in 2024 and is projected to grow at a CAGR of 8.9% to reach USD 58.2 billion by 2028. Driven by enterprise cloud migration, hybrid IT architectures, and AI-driven automation (AIOps), organizations are deploying unified IT infrastructure monitoring tools. [1]
India's domestic market for IT management software and telecom OSS solutions is expanding rapidly due to 5G network rollouts, Digital India initiatives, and BFSI digital transformations. India's enterprise software spending is projected to grow at 13.2% annually, supported by rising adoption of cloud SaaS models and domestic cybersecurity mandates. [1]
| Figure | Period | Value |
|---|---|---|
| Global ITOM Market Size [1] | 2024 | US$41.5 billion |
| Global ITOM Market Projected Size [1] | 2028 | US$58.2 billion forecast |
| Global ITOM Market CAGR [1] | 2024–2028 | 8.9% forecast |
| India Enterprise Software Spending Growth [1] | 2024–2028 | 13.2% forecast |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Other | Global ITOM Market Size [1] | 2024 | US$41.5 billion |
| Other | Global ITOM Market Projected Size [1] | 2028 | US$58.2 billion forecast |
| Other | Global ITOM Market CAGR [1] | 2024–2028 | 8.9% forecast |
| Other | India Enterprise Software Spending Growth [1] | 2024–2028 | 13.2% forecast |
According to Gartner, IDC, MarketsandMarkets (October 2026), the global itom market was US$41.5 billion in 2024.
Gartner, IDC, MarketsandMarkets projects continued growth, a growth rate of 8.9% a year over 2024–2028. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →