IT Operation Analytics Market Highlights:
Market Research Future (MRFR) in its new “IT Operation Analytics Market” report, reveals that the global market of IT operations analytics is expected to expand at a CAGR of about 15% across the forecast years of 2017 to 2025. IT operational analytics increases operational efficacy of IT systems. MRFR identifies this is, as the major factor that is likely to surge the global IT operational analytics market. MRFR predicts that the market is expected to attain a valuation of about 11 billion by the end of the evaluation period.
IT operational analytics enhances capacity planning and reduces MTTR/MTTI by 70%. These applications of IT operational analytics aid in the overall development of business efficiency. It is expected to propel the market growth. The fast-paced expansion of the IT operations analytics market can also be attributed to the ability of IT analytics to cause automation of IT operations, such as collection, organization, and identification of patterns in complicated and highly distributed work environment. With IT Operation Analytics Market, handling diverse data and coping with fast-changing applications and services is seamless.
This ability of IT operation analytics to solve problems faster is likely to improve IT system performance, which, in turn, is expected to propel the growth of the IT operation analytics market. Operational analytics provides organizations with correct information, at the right time. This enables users to concentrate their efforts on solving issues and in the reduction of time required to do the same. Hence, the adoption of the method is noted to escalate across different enterprises. This is anticipated to surge the IT operational analytics market. In addition, the presence the eminent companies operating in the market is expected to boost its growth across the years of assessment.
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IT Operation Analytics Market Key Players:
MRFR listed a few prominent contenders that are functioning in the global IT operation analytics market. They are; IBM Corporation (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Splunk Inc. (U.S.), ExtraHop Networks (U.S.), Evolven Software Inc. (U.S.), Prelert Inc. (U.S.), VMware Inc. (U.S.), and others.
Market Segmental Study:
The IT operation analytics market is segmented by organization size, technology, application, vertical, and deployment.
- By technology, the market is segmented into machine-based learning, visual analytics, user-behavior analytics, predictive analytics, and root-cause analytics. By size of organization, the market is segmented into large enterprises and SMEs.
- By deployment, the market is sectioned into on-premise and the cloud.
- By application, the market is sectioned into application performance management, real-time log analytics, network and security management, infrastructure management, and others.
- By vertical, the market is segmented into healthcare, BFSI, retail, manufacturing, media & entertainment, IT & telecommunication, government, and others.
Detailed Regional Analysis:
The IT operations market in the North America is expected to make high profit due to continuous technological advancements and surge in the amount of data generated. The rise in adoption of smartphones, increase in use of social media, growing BYOD culture in organizations, and increase in applications of IoT across multiple verticals are factors that are anticipated to promote the market in North America.
As per MRFR’s study, the market of operational analytics in North America is likely to stay ahead of the growth curve. Continuous technological upgradations and rise in the amount of data requiring real-time analysis are observed to contribute to the expansion of the regional market across the years of review. The growth of the IT operation analytics market in Europe is expected to be driven by Germany due to the existence of well-known players in the region.
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
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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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