IT Operations Analytics Market Size, Share, Growth Analysis, By Type(Visual, Predictive, Behavior, Root Cause.), By Application(Asset Performance Management, Network Management, Security Management, Log Management), By Deployment Type(On-premise, Cloud), By End Use(BFSI, Healthcare, Retail, Manufacturing), By Region - Industry Forecast 2024-2031

The market is consolidated, with well-known players holding sizable shares. Some of the key players include Oracle Corporation, Microsoft Corporation, BMS Software Inc., and IBM Corporation. To maintain their market positions throughout the forecast period, the major players are likely to consolidate in the upcoming years through strategic partnerships, agreements, acquisitions, and mergers. Some of the start-ups expected to pose potential competition in the market include Numerfiy, SignalFx, Wavefront, ControlUp, InfluxDB, and Nexthink. 

In November 2021, SaaS solution provider Apptio, Inc. expanded access to its premium users on reporting platform through self-service analytics. This allowed the users to perform these operations as per their choice and also allowing them to explore and analyse their finance data. Users will also be able to design reports and visualisations that can be easily shared across the enterprise, examine anomalies and trends, and create personalised reports on their financial data. The following are a few of the leading companies in the market for IT operations analytics.

IT Operations Analytics Market Top Player’s Company Profiles

• IBM Corporation
• Splunk Inc.
• Micro Focus International PLC
• SAP SE
• HCL Technologies Limited
• Microsoft Corporation
• Oracle Corporation
• Cisco Systems Inc.
• CA Technologies Inc.
• VMware Inc.
• Hewlett Packard Enterprise Development LP
• ExtraHop Networks Inc.
• Evolven Software Inc.
• Zenoss Inc.
• Corvil Inc.
• Apptio Inc.
• Nexthink SA
• OpsDataStore Inc.
• Sumo Logic Inc.
• SolarWinds Worldwide LLC

IT Operations Analytics Market Recent Development

• In May 2022, AMD acquired Pensando for USD 1.9 billion. According to AMD Pensando’s distributed services platform would expand through AMD’s data center product portfolio with a high-performance data processing unit and software stack.
• In Jan 2021, During the COVID-19 pandemic, Citrix and Microsoft collaborated to offer tools and services that will make it easier and quicker for customers of Citrix's on-premises software to switch to Microsoft Azure. In order to provide a consistent and ideal flexible working environment, the organisations will also develop a connected roadmap.
• In May 2021, Hitachi contracted with Fusionex, an Asian big data and AI technology provider that offers data analytics and AI services. In order to strengthen the SaaS business that reduces user-specific development and customization and realises simple delivery, Hitachi will be able to incorporate Fusionex's AI-enabled data analytics products, services, and subscription-type Software as a Service (SaaS) business expertise into Lumada thanks to the agreement with Fusionex.