Problem Management Software

Global Problem Management Software Market to Reach US$3.4 Billion by 2030

The global market for Problem Management Software estimated at US$2.6 Billion in the year 2024, is expected to reach US$3.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Software, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Services segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$693.9 Million While China is Forecast to Grow at 4.5% CAGR

The Problem Management Software market in the U.S. is estimated at US$693.9 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$544.9 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.3% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Problem Management Software Market - Key Trends and Drivers Summarized

Problem Management Software: Streamlining IT Operations with Efficient Issue Resolution

Problem management software is a specialized IT tool designed to identify, manage, and resolve the root causes of incidents and issues within an organization’s IT infrastructure. Unlike incident management, which focuses on restoring normal service as quickly as possible, problem management aims to prevent incidents from recurring by addressing the underlying problems that cause them. This software provides IT teams with a systematic approach to problem identification, root cause analysis, and the implementation of permanent solutions, thereby improving the overall stability and performance of IT systems. By leveraging problem management software, organizations can reduce downtime, enhance service quality, and improve the efficiency of their IT operations.

How Are Technological Advancements Enhancing Problem Management Software?

Technological advancements have significantly enhanced the capabilities of problem management software, making it a more powerful and integral tool for modern IT operations. The integration of artificial intelligence (AI) and machine learning into problem management platforms has enabled more accurate and efficient root cause analysis, allowing IT teams to identify patterns and correlations that may not be immediately apparent. Automation features have streamlined the problem management process by automating repetitive tasks such as data collection, logging, and reporting, freeing up IT staff to focus on more complex issues. The rise of predictive analytics has further improved the proactive capabilities of problem management software, enabling organizations to anticipate and address potential problems before they lead to incidents. Additionally, the integration of problem management software with other IT service management (ITSM) tools, such as incident and change management, has created a more cohesive and efficient approach to IT operations, ensuring that issues are resolved quickly and effectively. These technological improvements are driving the adoption of problem management software across various industries, helping organizations enhance the reliability and performance of their IT systems.

What Are the Key Applications and Benefits of Problem Management Software?

Problem management software is used across a wide range of industries to enhance IT operations, offering numerous benefits that improve service reliability, reduce downtime, and optimize IT resources. In large enterprises, problem management software is essential for managing the complex IT environments that support critical business operations, ensuring that issues are identified and resolved before they impact users. In the financial services sector, problem management software helps maintain the stability and security of financial systems, reducing the risk of service interruptions and data breaches. The healthcare industry relies on problem management software to ensure the reliability of medical IT systems, preventing disruptions that could affect patient care. The primary benefits of problem management software include improved incident resolution, reduced operational costs, enhanced service quality, and increased IT efficiency. By systematically addressing the root causes of IT issues, organizations can prevent recurring incidents, improve system performance, and deliver better service to their customers.

What Factors Are Driving the Growth in the Problem Management Software Market?

The growth in the problem management software market is driven by several factors. The increasing complexity of IT environments and the growing reliance on digital services are significant drivers, as organizations require more advanced tools to manage and resolve IT issues. Technological advancements in AI, machine learning, and automation are also propelling market growth, as these innovations enhance the capabilities and efficiency of problem management software. The rising focus on IT service quality and reliability is further boosting demand, as organizations seek to minimize downtime and ensure the smooth operation of their IT systems. Additionally, the expansion of industries such as finance, healthcare, and e-commerce, where IT reliability is critical, is contributing to market growth. The growing adoption of ITSM frameworks and the increasing emphasis on proactive IT management are also supporting the growth of the problem management software market. These factors, combined with continuous innovation in software development, are driving the sustained growth of the problem management software market.

SCOPE OF STUDY:

The report analyzes the Problem Management Software market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Software, Services)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Atlassian
• Axios Systems PLC
• BMC Software, Inc.
• Cherwell Software, LLC
• Freshworks Inc.
• Ivanti
• ServiceNow, Inc.
• Soft Expert Software
• SolarWinds Worldwide LLC
• TeamQuest Corporation
• Zendesk, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.