MRFR Year End Sale
IT Operation Analytics Market Research Report – Forecast to 2027

Global IT Operation Analytics Market Research Report: By Technology (Visual Analytics, Machine-Based Learning, Predictive Analytics, User-Behavior Analytics, Root-Cause Analytics), Organization Size, by Deployment, Application, Vertical – Forecast till 2027

ID: MRFR/ICT/4460-HCR | December 2022 | Region: Global | 100 Pages         

Global IT Operation Analytics Market

The global IT Operation Analytics Market size is expected to USD 26 billion by the end of the current period that is 2020-2027

Segmentation

By Technology Visual Analytics Machine-Based Learning Predictive Analytics User-Behavior Analytics Root-Cause Analytics

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.)

Drivers

  • Rapidly changing IT industry followed by the increased complexity of IT environments
  • Help organizations to quickly discover the root cause of IT system performance problems
  • More scalable
  • Cost-effective
Speak to Analyst Request a Free Sample

IT Operation Analytics Market Overview


The global IT Operation Analytics Market size is expected to grow from USD 9.3 billion during the historic forecast period that had ended in 2017 to USD 26 billion by the end of the current period that is 2017-2023, at a Compound Annual Growth Rate (CAGR) of 39% during the forecast period. The proliferation of a huge amount of IT operations data and increasing focus on the adoption of cloud-based ITOA solutions is also expected to drive the IT operation analytics market growth during the period that ends in 2028. IT operational analytics helps in increasing the rate of operational efficiencies, providing better capacity planning, reducing MTTR/MTTI by up to 70%, and also lends it help in growing the overall business efficiency. IT operation analytics market also help 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 the relevant problems faster and improving IT system performance. Operational analytics provides the right and concise information, at the right time. It also allows the target market users to quickly focus their efforts on solving the problems and reducing the time required to do the same.


IT Operation Analytics Market COVID 19 Analysis


In a short period, the novel COVID-19 outbreak has affected markets and customer behavior and is making a substantial impact on many different economies and societies. Physical assistance is taking a toll as the virtual working trends and as there are increasing cases of doctors getting infected with the pandemic despite proper protection and care. The Philippines Medical Association had reported the death of at least nine doctors from the COVID-19. In a similar line, the Italian Doctors Association had stated that in March 2020, at least 50 doctors lost their lives treating COVID-19. It is, therefore, very essential to minimize physical assistance and encourage the concept of tele-health.


The outbreak of the COVID-19 pandemic is impacting global supply chains and logistics as the lockdown has been imposed geographically, and further, the continuity of operations for a majority of industries is adversely impacted. The IT Operation Analytics market facing the most considerable drawbacks are the retail and food industries. Although the demand for essential items is exempted from the lockdown, their availability has been impacted due to the lack of manpower to work on production lines, supply chains, and transportation.


In addition, IoT hardware and sensors are mostly being employed and supplied from China as a result of their low costs, but due to COVID-19 majority of countries have cut off all their imports.


IT Operation Analytics Market Dynamics



  • Drivers


With the rapidly changing IT industry followed by the increased complexity of IT environments, a huge amount of operational data is generated. Earlier, the market enterprises used to rely on traditional data analytics tools that were not efficient and led to less return on the funding and investments for large operational data. With the introduction and implementation of ITOA solutions, organizations could analyze operational data effectively to derive meaningful insights. ITOA solutions help organizations to quickly discover the root cause of IT system performance problems and further, analyze them in a more scalable and cost-effective manner. Organizations can further, deploy these relevant solutions to analyze significant amounts of operational data obtained from different applications.



  • Restraints


However, frequent changes in IT operations and limited investments by the organization to upgrade the prevailing IT system are some factors hindering the IT Operation Analytics Market growth. Organizations are deploying modern IT architecture to make IT infrastructure more dynamic and agile for their audience, using virtualization technologies such as cloud, containers, and virtual machines. Many market organizations have adopted containers, due to which the rate of the adoption of cloud-based solutions is rising, and most companies are migrating their applications on the cloud.



  • Technology Analysis


The various kinds of organizations across the globe as a part of the IT Operation Analytics Market utilize numerous tools to monitor their IT performance and manage their hybrid cloud ecosystems. Most of the relevant performance monitoring tools are domain-centric and help to provide a deep view into a specific domain; hence, they cannot deliver a correlated end-to-end view across IT domains. This creates major problems for the market as cross-domain correlation and end-to-end visibility, are extremely important to track infrastructure issues such as database timeout errors and transaction issues. However, the availability of siloes management tools prevents organizations from making these important connections. In today’s highly integrated IT ecosystem, there is a constant need for ITOA solutions that help to provide organizations with capabilities to analyze and act upon IT and other cross-domain related issues


IT Operation Analytics Market Segment Overview


The IT Operation Analytics Market share has been segmented to meet the rising needs of the global target audience are mentioned as follows:


By Component



  • Solutions

  • Services


By Solution



  • Log Management

  • Application Performance Management (APM)

  • Network and Security Management

  • Root Cause Analysis

  • Anomaly Detection

  • Others (Cost Management, Capacity Management, and Business Process Monitoring)


By Services



  • Professional Services


    • Consulting

    • System Integration and Implementation

    • Support and Maintenance


  • Managed Services


By Deployment Mode



  • Cloud

  • On-premises


By Organization Size



  • SMEs

  • Large Enterprises


By End-User



  • BFSI

  • Retail and Consumer Goods

  • Telecom

  • Manufacturing

  • Energy and Utilities

  • Healthcare and Life Sciences

  • Government and Defense

  • Transportation and Logistics

  • Others (Education, Media and Entertainment, and Travel and Hospitality)


By Region



  • North America

  • Europe

  • Asia Pacific (APAC)

  • The Middle East and Africa (MEA)

  • Latin America


IT Operation Analytics Market Regional Analysis


The Asia Pacific region, as a part of the IT Operation Analytics Market, is expected to have the highest market growth rate during the forecast period. The rising existence of a large population, and developing infrastructure, and excellent implementation of technology are the major factors that are contributing to the growth of the ITOA market in APAC. There has been a rapid rise in technology adoption from retail and consumer goods, followed by others like transportation and logistics, and manufacturing industry verticals to enhance customer experience that is projected to contribute to the growth of the IT Operation Analytics Market share in the region. The ITOA adoption across the APAC region continues to grow steadily as governments, municipalities, and enterprises move from proof of concept and tests to live deployments as part of a strategy to help to enhance productivity and efficiency, and also, to build smart city infrastructures, capitalize on new technologies, and embrace digital transformation.


IT Operation Analytics Market Competitive Landscape


The IT Operation Analytics Market is witnessing the excellent emergence of competition and marketing developments owing to the efforts that have been poured in by the following market players. The competitive players of the IT Operation Analytics market are as follows:



  • Broadcom (US)

  • Moogsoft (US)

  • NexThink (Switzerland)

  • Appnomic (US)

  • Sumo Logic (US)

  • XPLG (US)

  • Microsoft (US)

  • Loom Systems (US)

  • SolarWinds (US)

  • Evolven (US)

  • Apptio (US)

  • ExtraHoop (US)

  • Elastic (US)

  • VMware (US)

  • Cisco (US)

  • BMC (US)

  • NetApp (US)


IT Operation Analytics Market Recent Developments



  • Some of the prominent players of the international IT Operation Analytics Market like Microsoft will provide joint tools and services to simplify and speed the transition of on-premises Citrix customers to Microsoft Azure. There are some of the market companies that will also devise a connected roadmap to enable a consistent and optimal flexible work experience.

  • In June 2020, one of the prominent global players of the IT Operation Analytics Market - SAP launched the German government’s Corona Warn App. The Corona warning app commissioned by the German government is being circulated as one of the first European apps based on the current specifications of the Exposure Notification Framework provided by Apple and Google.

  • In April 2020, another market company - Hitachi had signed an agreement with Fusionex, a big data and AI technology company in the Asian region, providing AI and data analytics services. The agreement that has been initiated with Fusionex will enable Hitachi to incorporate Fusionex's AI-enabled data analytics products, services, and subscription type Software as a Service (SaaS) and offer business expertise into Lumada, to strengthen the SaaS business, which helps in the reduction of the user-specific development, customization, and further, realizes easy delivery.

  • In October 2019, Microsoft again took to the international scale announced the general availability of the Desktop Analytics solution. The cloud-connected service helps in the integration with System Center Configuration Manager that helps IT professionals take a data-driven approach to their management of Windows endpoints.


Report Overview


The IT Operation Analytics Market report has been prepared by indulging over the global market trends followed by the dynamics that are available both positively and negatively for the market. The report discusses the impact of the outbreak on the pandemic followed by the segmentation that will help in meeting the global needs of the elaborated target audience.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 26 Billion (2017-2023)
  CAGR   39% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, by Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities   Increasing amount of IT operations data being generated is one major factor responsible for driving the growth of the global market. Also, advancements in bring your device and internet of things applications is further fuelling the growth of IT operation analytics market.
  Key Market Drivers   The growth of the market in North America is attributed to technological advancements and increasing amount of data being generated owing to growing adoption of mobiles and social media, BYOD in organizations, and increasing applications of the internet of things across various industry verticals.


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

IT Operation Analytics Market size is expected to grow to USD 26 billion by the end of the current period that is 2020-2027.

39% is the projected CAGR for the global market during the current period.

The competitive players of the IT Operation Analytics market are as follows:

Broadcom (US), Moogsoft (US), NexThink (Switzerland), Appnomic (US), Sumo Logic (US), XPLG (US), Microsoft (US), Loom Systems (US), SolarWinds (US), Evolven (US), Apptio (US), ExtraHoop (US), Elastic (US), VMware (US), Cisco (US), BMC (US).

The APAC region is likely to hold domination across the global market.