SUMMERY:
Market Research Future published a research report on “IT Operation Analytics Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Highlights:
The global IT operation analytics market is projected to witness a rapid growth during the forecast period owing to increasing demand for IT operation analytics solutions. Moreover, increasing demand for real-time analytics due to a huge amount of data is one major factor driving the growth of IT operation analytics market.
The global IT operation analytics market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to witness significant growth and hold the largest share of the global market during the forecast period. U.S. and Canada are anticipated to drive the growth of the IT operation analytics market in North America owing to the presence of a large number of established key players such as Oracle Corporation, IBM Corporation, Hewlett Packard Enterprise Company, Splunk Inc., Microsoft Corporation, VMware Inc., and Prelert Inc. among others in this region. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, the region also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to increasing amount of data which requires real-time analysis. Major growth in the generation of data related to IT operations and growing adoption of IoT and BYOD are primarily driving the market growth.
The global IT operation analytics market is projected to reach USD 26 billion at a CAGR of over 39% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “IT operation analytics Market Research Report-Forecast to 2027”.
Key Players:
Some of the prominent players in the global IT operation analytics market: Oracle Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Hewlett Packard Enterprise Company (U.S.), Splunk Inc. (U.S.), Microsoft Corporation (U.S.), Evolven Software Inc. (U.S.), ExtraHop Networks (U.S.), VMware Inc. (U.S.), and Prelert Inc. (U.S.) among others.
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IT operation analytics Market Segmentation
The global IT operation analytics market is segmented by technology, organization size, deployment, application, and vertical. The deployment segment is classified into the cloud and on-premise. The on-premise sub-segment is expected to hold the largest share of the IT operation analytics market. This is owing to the primary concern of ensuring privacy and security of the organizational data. Also, migration of data from a legacy system to a different deployment mode is bit troublesome and may result in various problems such as loss of data integrity, loss of data confidentiality, and incompatible data formats among other factors.
Market Research Analysis
North America is estimated to account for the largest share of the market and is also projected to grow at the fastest rate during the forecast period. The market in North America is witnessing rapid growth due to advancements in technology and rise in the amount of data which requires real-time analysis to gain insights from it. Also, increasing popularity of bringing your device and IoT across different industry verticals in this region is driving the market growth.
North America is followed by Europe and Asia Pacific. The growth in Europe region will largely be driven by Germany owing to the presence of key established players such as SAP SE in the region. Moreover, Asia Pacific ranks third, and the growth in the region is driven by countries like China and Japan. The growth of IT operational data and the increasing demand for next-generation ITOA solutions is majorly driving the growth of IT operation analytics market in the region.
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Global IT operation analytics Market Research Report: By Technology (Visual Analytics, Machine-Based Learning, Predictive Analytics, User-Behavior Analytics, Root-Cause Analytics), Organization Size, by Deployment, Application, Vertical – Forecast till 2027Market Analysis The IT operation analytics industry will touch USD 26 billion at a 39% CAGR in the forecast period 2020- 2027, as per the new Market Research Future analysis.
In the field of IT, IT operational analytics is a method or approach to retrieve, report, and analyze data for IT operations.
As per the recent MRFR market estimates, such factors include the increasing need for IT operation analytics solutions, growing need for real-time analytics owing to huge amount of data, the proliferation of huge amount of IT operations data, increasing focus on adoption of cloud-based IT operation analytics, frequent changes in IT operations, limited investments by the organization to upgrade the prevailing IT system, the growing dependence on software for operations, increasing use during the COVID-19 pandemic post relaxation of lockdown, rising consumption of big data, and growing number of data centers.
On the contrary, increasing complexities, dynamic nature of IT architecture, and limited investments by organizations to upgrade the prevailing IT system may limit the global IT operation analytics market growth over the forecast period.
Regional Analysis By region, the global IT operation analytics market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW).
The presence of a huge population, developing infrastructure and technology, rapid rise in technology adoption from manufacturing industry verticals, transportation and logistics, and consumer goods and retail to improve customer experience, is adding to the global IT operation analytics market growth in the region.
The IT Operations Analytics market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the IT operations analytics market include Apptio, Inc., BMC Software, Inc., ExtraHop Networks, Glassbeam Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Splunk Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global IT Operations Analytics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/it-operations-analytics-market/download-sampleMarket DynamicsIncreased adoption of cloud-based network and service, and an increasing need to get real-time insights into IT data are the key drivers of the global ITOA market.
Increased digitalization in all sectors is encouraging small and medium enterprises to choose ITOA solutions for efficient performance.
The other significant factors that are supporting the market include a massive rise in IT operational data, growing demand for next-generation ITOA solutions, increased internet penetrations, growing preference for BYOD (Bring your device) and IoT based devices.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
