IT operation analytics market is estimated to grow at a CAGR of approximately 38.17% during the forecast period 2023-2032

Market Research Future published a half-cooked research report on the IT Operation Analytics Market

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 124.8 Billion at a CAGR of over 38.17% by the end of the forecast period 2023-2032.

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 2032”.

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.

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.