Global IT Operations Analytics Market

IT Operations Analytics Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Data Source (Machine Data, Wire Data), By Technology (Descriptive Analytics, Predictive Analytics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45B2093 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 121 | Figures: 77

IT Operations Analytics Market Dynamics

IT Operations Analytics Market Drivers

Data pooling and data analytics to drive the market demand

  • An enormous amount of operational data is produced as a result of the fast- evolving IT sector and the growing complexity of IT environments. Enterprises formerly relied on conventional data analytics technologies, which were ineffective and produced lower ROI for huge operational data.
  • Organizations might analyse operational data effectively to produce valuable insights after adoption of ITOA solutions. ITOA solutions assist enterprises in swiftly identifying the underlying causes of IT system performance issues and conducting a more scalable and cost-effective analysis of those issues. These technologies can be used by organisations to examine large volumes of operational data from many applications. Better analytical outcomes are obtained by deploying ITOA solutions with real-time analysis capabilities.
  • ITOA solutions provide organizations with capabilities to analyze and act upon IT and other cross-domain related issues. ITOA provides real time analysis of system performance. However, an organization uses various tools to monitor their IT performances and manage their systems. Most of these tools are domain centric and provide a detailed view of specific domains. These technological advancements will help in fuelling the market demand.

IT Operations Analytics Market Restraints

Complexities involved in IT architectures to challenge IT deployments

  • Through virtualization techniques such as cloud, containers, and virtual machines, organisations are implementing the IT architecture to increase the flexibility and dynamic nature of IT infrastructure. 
  • Due to the widespread usage of containers, cloud-based solutions are becoming more popular, and most businesses are moving their applications to the cloud. 
  • Cloud-based and analytics technology' flexibility has allowed companies to adapt to the changing resource requirements. However, because workflows and workloads are separated from the businesses' current physical IT infrastructure, this has made organisations less visible. Finding potential problems becomes difficult as a result. 
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global IT Operations Analytics Market size was valued at USD 25.1 billion in 2022 and is poised to grow from USD 34.31 billion in 2023 to USD 418.40 billion by 2031, growing at a CAGR of 36.70% during the forecast period (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.  'IBM ', 'Cisco ', 'Oracle ', 'OpenText ', 'Microsoft ', 'Dynatrace ', 'Hitachi ', 'Broadcom ', 'SolarWinds ', 'BMC Software ', 'NetApp ', 'Elastic ', 'Nexthink ', 'HCL Technologies ', 'ServiceNow ', 'Dell Technologies ', 'HPE ', 'Cloud Software Group ', 'BigPanda ', 'ExtraHop Networks'

An enormous amount of operational data is produced as a result of the fast- evolving IT sector and the growing complexity of IT environments. Enterprises formerly relied on conventional data analytics technologies, which were ineffective and produced lower ROI for huge operational data.

Increase in use of cloud computing: The global IT Operations Analytics market is expected to develop significantly throughout the estimated period as a result of rising cloud computing use, declining data storage costs, high data growth rates, and rising acceptance of advanced call routing technologies. when expected. 

Due to the early adoption of IT operations analytics solutions, North America accounted for a significant revenue share of around 38% in 2022. Companies situated in the United States have the most advanced and successful operational analytics programmes. Since 17 of the top 20 big data companies are based in the US, this country is primarily responsible for the regional market growth. The American government also plays a crucial role in the domain's actual decisions. Six federal agencies and more than US$ 200 million were committed to the Big Data Research and Development Initiative, which was announced by the United States in 2021. Additionally, compared to 28% in Europe, more than 45% of US-based businesses have integrated analytics into their core decision-making procedures.Businesses in China and India are becoming more aware of operational analytics the regional markets in Asia Pacific is predicted to witness the highest CAGR during the projected period. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global IT Operations Analytics Market

Report ID: SQMIG45B2093

$5,300
BUY NOW GET FREE SAMPLE