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 2023
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 2023”.
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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.
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.
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 HighlightsIT operation analytics assists in improving operations by gathering data from various processes for predicting potential issues and enhancing decision-making.
It allows clients in focusing their efforts and reducing the time to solve problems.
The global IT operation analytics market report by Market Research Future (MRFR) comprises drivers, challenges, opportunities, and trends for the period of 2017 to 2023 (forecast period).
The sudden outbreak of the COVID-19 virus and its impact on the industry are noted in the report.Market ScopeThe global IT operation analytics market is expected to grow at a CAGR of approximately 39% during the forecast period.The large data accumulated owing to internet of things based devices, data management strategies, need for process control and optimization, and focus on gaining the edge in the competition are major drivers of the market.
Operational analytics can focus their efforts in pinpointing the problem and solving it at a rapid pace.The trends of bring-your-own-devices (BYOD) and internet of things (IoT) and consulting services by professionals owing to IT operational analytics among large organizations can bode well for the market.
The global market size can touch USD 26 billion by 2027 owing to being employed by organizations for measuring key performance metrics.
Use your data assets and programs with our advanced operational analytics solutions to gain actionable and impactful insights to achieve operational excellence.
Operational Analytics MarketThe global operational analytics market is predicted to surpass USD 11 billion at 15% CAGR over the estimated years (2018-2023).
Operational analytics simply put is a technological device for industries to improve their efficiency by boosting transactions, increasing competitive spirit, augmenting decision-making capacities and eliminate the risk of fraudulent processes.
Some of the key benefits of using operational analytics include increased profits, better decision making, competitive advantage, customer satisfaction, streamlining data, holistic operations and better employee engagement.There are ample factors that is boosting the growth of the operational analytics market.
The additional factors that are fueling the market growth include limited cross organizational changes, decrease in cost inefficiencies, increasing consumer driven analysis, demographic connectivity, timely and meaningful decisions, valuable based insights, growing number of data centers for gathering inner data to analyze the performance of marketing data, growing utilization of mobile devices and increased IT operations data.
On the contrary, complex analytical processes, organizational change, maintaining data privacy and confidentiality amid organizations, implementation of operational analytics in SMEs (small and medium enterprises) with lack of effective data management services, insufficient skilled technical experts, secure data sharing and easy data availability are factors that may hinder the growth of the operational analytics market over the estimated years.Growth Drivers and Key BarriersOperational intelligence market facilitates automation of the decision-making process, thus improving decision making, enhancing market responses, and also reducing process delays.
Operational intelligence solutions are used by organizations strategically for upgrading business processes and also enhance their performance.
Operational Analytics MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Operational Analytics Market .
The growth sectors of the Operational Analytics Market are identified with precision for a better growth perspective.The global operational analytics market is predicted to surpass USD 11 billion at 15% CAGR over the estimated years (2018-2023).
Operational analytics simply put is a technological device for industries to improve their efficiency by boosting transactions, increasing competitive spirit, augmenting decision-making capacities and eliminate the risk of fraudulent processes.
Analytical techniques utilize tools such as aggregation, mining and data extraction for churning out useful information from raw data.
Some of the key benefits of using operational analytics include increased profits, better decision making, competitive advantage, customer satisfaction, streamlining data, holistic operations and better employee engagement.There are ample factors that is boosting the growth of the operational analytics market.
These factors as stated by the Market Research Future (MRFR) report include network and security management, real time log analytics, business infrastructure management, data security and seamless business integration.
The research offers a trustworthy market share analysis that reveals subtle business patterns and sophisticated operational models, as well as an evaluation of business development strategies, advanced supply chain systems, innovative sales and marketing approaches, and product/project development.
The research also calculates the actual industry valuation, as well as market share and size parameters at the global and country levels.
The Operational Database Management Systems market forecast included in the study illustrates possible market sizes and projected market share, as well as expected growth forecasts.Key players:• International Business Machines Corporation,• SAP SE,• Amazon Web Services,• Google Inc.,• Microsoft Corporation,• Fujitsu,• MarkLogic,• MemSQL,• Oracle Corporation,• MongoDB• EnterpriseOB• Amazon Web Services(AWS)• ArangoDB• RavenDB• DataStax• Redis Labs• Couchbase• MariaDB• SQLite• InterSystems• Neo Technologies, Inc.• MongoDB Inc.Request for free sample:https://www.maximizemarketresearch.com/request-sample/62593Operational Database Management Systems market Segmentation:*** The qualitative components of the Operational Database Management Systems market research piece include market drivers, restraints, major trends, opportunities, and challenges.
The most crucial variables increasing the opportunistic landscape of the Operational Database Management Systems market are correctly enlisted in a complete analysis of the market drivers.
The study examines the important trends that are driving the Operational Database Management Systems market's growth and development throughout the projected period, both current and emerging.The COVID-19 impact analysis is a section of the global Operational Database Management Systems market research report that is mostly summarised.
With limited production capacity and the remaining population already fighting an unknown biological entity, the global Operational Database Management Systems market was negatively damaged, with a precipitous reduction in demand for products and financial capabilities exposed to the unstable infrastructure.Get Report Details:https://www.maximizemarketresearch.com/market-report/global-operational-database-management-systems-market/62593/The purpose of the global Operational Database Management Systems market study is to provide vital information on industry deliverables including market size, valuation projections, and sales volume.
