July 22, 2005

APM Tools Will Reach $500 Million To $700 Million By 2008

APM Helps CIOs Rationalize Applications And Reduce The Maintenance Burden

This is the first document in the "Modernizing The Practice Of Application Maintenance" series.

by Phil Murphy

with Laurie M. Orlov, John R. Rymer, Michael Goulde, Kimberly Q. Dowling

Executive Summary (This is a document excerpt)

The application portfolio management (APM) tool market grew 280% in 2004 because a small handful of CIOs realized that APM can help them reduce application maintenance burdens and rationalize their application portfolios. Waning application knowledge and overly complex integration options drive higher IT maintenance costs while offshore development and geographically dispersed development teams add risk and complexity to development efforts. With 76% of IT budgets earmarked to maintain existing applications, CIOs desperately need tools that show them what is happening in IT and enable corrective action. As interest in APM grew beyond the initial handful of CIOs in 2004, the market has nearly tripled. As that trend accelerates and as integrated IT management vendors shop for APM vendors as partners, Forrester believes that the APM market will reach $500 million to $700 million by 2008.

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