Global IT Operations Analytics Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
IT operations analytics is a type of business analytics focuses on improving existing operations. This associate with various data mining, data aggregation tools to enhance more transparent information for business planning. IT operational analytics support the idea of enterprise resource planning across a complex enterprise.
Global IT Operations Analytics Market Segments Size & Growth:
Global IT operations analytics market is accounted for $3.86 billion in 2017 and estimated to grow at a CAGR of 38.7% during the forecast period of 2019-2025 to reach $53.33 billion by 2025. Rising penetration of cloud services, integration in IT data volume, continuous advancements in IoT & BYOD and effective use of IT operations are the major factors contributing the growth to IT operations analytics market. However, frequent changes in the IT environment, scarcity in skilled IT staff and lack of investments are the factors that would restrain the growth of the market. Emerging numerous data centres, deploying IT across organisations and need of big data analytics is expected to boost demand for IT operations analytics market.
Global IT Operations Analytics Market Segments Share:
Regarding component, emerging of advanced tools, data quality and integrating data volumes for enhancing productivity by organisations are expected to witness significant demand for software component over the forecast period. Based on deployment mode, IT operations analytics market is classified
Global IT Operations Analytics Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
into the cloud, and on premises. By organisation size, IT operations analytics market is segmented into small and medium sized enterprises, large enterprises. From the segment of technology, predictive analytics is dominant due to integration in managing physical assets, enabling real time assets and tracking equipment performance. Based on application, real time log analytics growing significantly this has the capability of providing humanly readable from system log files. In the end user segment, BFSI is dominating the market owing to the factors includes accessing a large volume of data, enhancing customer experience and analysing the decision making process.
By Geography, North America accounted for the major share in the global IT operations analytics market as the region has the highest revenue generation, increasing demand for next generation ITOA solutions and enhancing the core businesses. The Asia Pacific is expected to witness tremendous growth over the forecast period based on factors includes implementation of motivated polices by the government, rapid development in digitalisation and emerging major players in the IT sector.
Global IT Operations Analytics Market Segments Trends:
- In March 2018, IBM Corporation announced that they would like to focus on AI by consulting Elite team to gain competitive advantage and increase productivity.
- In July 2018, Microsoft Corporation announced a partnership with Campbell to
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Global IT Operations Analytics Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
boost IT advancements on Azure enabling it to be faster, agile and deliver near real time access to information.
Global IT Operations Analytics Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
The major key IT operations analytics market leaders are:
- IBM Corporation
- VMware, Inc.
- SAP SE
- Microsoft Corporation
- HPE Company
Along with these companies, there were many other companies considered/cited in the report while analyzing the global IT operations analytics market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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