IT operations analytics is an approach to report, retrieve, and analyze data for IT operations. IT operations analytics extracts essential information from the raw data collected by monitoring technologies and alters them into actionable business insights. In ongoing work, IT operations analytics offers more effective and more efficient support for business processes. The employment of this technology makes the IT organizations adaptable and more versatile. The accessibility of IT resources is also greatly enhanced, leading to fewer malfunctions and fewer delays.
MARKET SCOPE
The "Global IT Operations Analytics Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the IT operations analytics market with detailed market segmentation by application, technology/tool, deployment model, organization size, vertical, and geography. The report provides key statistics on the market status of the leading IT operations analytics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the market is segmented real-time log analytics, application performance management, infrastructure management, network and security management, and others
- Based on technology/tool, the market is segmented into visual analytics, machine-based learning, predictive analytics, user-behavior analytics, and root-cause analytics
- Based on deployment model, the market is segmented into on-premises and on-demand
- Based on organization size, the market is segmented into SMEs and large enterprises
- Based on vertical, the market is segmented into BFSI, healthcare and life sciences, retail and consumer goods, manufacturing, travel and hospitality, IT and telecommunication, media and entertainment, government, and others.
Drivers
- The incredible growth of IT operation data, adoption of bringing your own devices (BYOD), and IoT in the organizations across the industries are some of the major factors driving the growth of the IT operations analytics market. rising advancement in the IT industry is anticipated to boost the growth of the IT operations analytics markets.
- Frequent operational changes in IT organizations are considered to be the major factor which may restrain the growth of the IT operations analytics market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IT operations analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the IT operations analytics market in these regions.
IMPACT OF COVID-19 ON IT OPERATIONS ANALYTICS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IT operations analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the IT operations analytics market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IT operations analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BMC Software, Inc.
- Evolven Software.
- ExtraHop Networks
- IBM
- Micro Focus
- Microsoft
- Oracle
- SAP SE
- Sisense Inc.
- Splunk Inc.