Observability Stats You Need to Know in 2023
Anyone doing research on observability has seen that it’s in the early stages of formation: definitions are unclear, with vendors staking their claim on the market by bending the definition to showcase their solution. There is a degree of “observability-washing” as software and service providers use the term to describe elements of it, such as logging or automated alerts. Then there are the organizational aspects to clarify: Who owns it? Who does it? Who pays for it?
Even more fundamental is the disagreement over what we are observing–applications, infrastructure, data, network, or all of the above. One thing is clear though, observability is a top area for technology investments in the coming years.
As we try to understand observability and see what it means for our own organizations, taking a look at some of the facts and stats will shed some much-needed light on this evolving and essential area.
Areas we are highlighting here include:
- Adoption
- Impact
- Organizational Structure
- Technology
Observability Stats on Adoption in the Enterprise
- The observability market is forecasted to reach $2B by 2026, growing from $278M in 2022 (650 Group, 2022)
- 90% of IT professionals believe observability is important and strategic to their business, but only 26% said their observability practice was mature. 50% are currently implementing observability. (New Relic, 2021)
- 91% of IT decision makers see observability as critical at every stage of the software lifecycle, citing the biggest benefits to planning and operations. (New Relic, 2021)
- Most ETR study respondents said they used application performance monitoring tools, with database monitoring tools coming a distant second. Digital experience monitoring was the least common use case. (ETR, 2021)
Observability Statistics on Business Impact
- Advanced observability deployments can cut downtime costs by 90 percent, keeping costs down to $2.5M annually versus $23.8 million for observability beginners. (Enterprise Strategy Group, 2022)
- These are the perceived benefits…
Continued on CloudDataInsights.com
