IT operational analytics helps in increasing operational efficiencies, providing better capacity planning, reducing MTTR/MTTI by up to 70% and also helps in growing the overall business efficiency. IT operations analytics helps in automating the process of collecting, organizing, and identifying patterns in highly distributed, diverse and fast-changing service and application data. This aids in identifying problems faster and improving IT system performance. Operational analytics provides the right information, at the right time. It also allows the users to quickly focus their efforts on solving the problems and reducing the time required to do the same.
The application segment comprises of real-time log analytics, application performance management, infrastructure management, network and security management, and others. Real-time analytics sub-segment is expected to hold the largest share of the global IT operation analytics market. This market share is owing to the consistent increase in the log and machine-generated data which needs real-time analysis to provide faster, efficient, and innovative ways of log analysis. Adoption of real-time log analytics applications possesses a high priority for organizations to improve efficiency and reduce operation time.
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.
Major Key Players:
- 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.)
- Prelert Inc. (U.S.)
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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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- Technology Investors
- Research/Consultancy Firms
- Government Bodies
- Consulting Service Providers
- IT operations and Technology Leaders
- Analytics Solutions Vendors
- Security and Intelligence Service Vendors
- Investors and Venture Capitalists
- System Integrators
- Cloud Service Providers
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
List of Tables
Table 1 Global It Operation Analytics Market: By Region, 2017-2023
Table 2 North America It Operation Analytics Market: By Country, 2017-2023
Table 3 Europe It Operation Analytics Market: By Country, 2017-2023
List of Figures
Figure 1 Global It Operation Analytics Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global It Operation Analytics Market
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