Press release
IT Operations Analytics Market: Rising Adoption of Cloud Computing Networks at a Highest CAGR of 39.6% with Top Competitors and Global Forecast to 2024
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global IT operations analytics market accounted for USD 2.83billion in 2016 growing at a CAGR of 39.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
• IBM,
• SAP SE,
• Splunk Inc.,
• Hewlett Packard Enterprise Development LP,
• Oracle,
• Nexthink, Sumo Logic,
• Prelert Inc,
• VM ware Inc,
• Extra Hop Networks,
• App Dynamics, Evolven Software,
• BAY DYNAMICS, Microsoft among others.
Major Market Drivers & Restraints:
• Increasing Adoption of Cloud Computing Networks
• Increasing Digitization
• Heavy Investments
• Continuous Updating of IT Operations Requires High Cost
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Market Segmentation: Global IT Operations Analytics Market
The global IT operations analytics market is segmented on the basis application into:-
• Real-Time Log Analytics,
• Application Performance Management,
• Infrastructure Management,
• Network and
• Security Management and others.
On the Basis of Technology/Tool, the global IT operations analytics market is Segmented Into:-
• Visual Analytics,
• Machine-Based Learning,
• Predictive Analytics,
• User-Behavior Analytics and
• Root-Cause Analytics.
By Deployment Model, the global IT operations analytics market is segmented into:-
• On-Premises and
• On-Demand.
By Organization Size, the global IT operations analytics market is segmented into:-
• Large Enterprises and
• Small and
• Medium Sized Enterprises.
On the Basis of Vertical, the global IT operations analytics market is further segmented into:-
• BFSI (Banking, Financial services and Insurance),
• Healthcare and Life Sciences,
• Retail and Consumer Goods,
• Manufacturing, Travel & Hospitality,
• It & Telecommunication media & Entertainment,
• Government and others.
On the basis of Geography, global IT operations analytics market report covers data points for 28 countries across multiple geographies such as:-
• North America,
• South America,
• Europe,
• Asia-Pacific, and
• Middle East & Africa.
Market Definition: Global IT Operations Analytics Market
The IT operations analytics is an analysis technique retrieve, analyze, and report data for IT operations. The process involves collection of data from various sources and identifying problems in advance of their occurrence. With the help of IT in analytics data is collected from various sources and key insights are extracted from this data such as log files, performance metrics, events and trouble tickets among others. The increasing adoption of cloud computing networks, increasing digitization is some of the factors boosting the growth of this market whereas heavy investments may hinder the growth.
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