IT Operations Analytics (ITOA) Market Will Reach USD 70.87 Million By 2026 with CAGR 37.7% | include Evolven Software, Oracle Corporation, IBM Corporation, SAP SE, Splunk, Hewlett Packard Enterprise Company

The IT Operations Analytics (ITOA) Market is expected to reach USD 70.87 Billion by 2026, according to a new report by Reports and Data. IT operations analytics (ITOA) is a developing technology adopted by various businesses to understand intricate patterns. The systems are intended to clean the massive amount of data utilizing numerical algorithms and other extraction mechanisms to recover vital information. Digitization trend is inspiring the SME's and other large businesses to opt for IT infrastructure, further accelerating the growth in choosing IT operational analytics solutions. Therefore, boosting the increase in revenue of the global market.

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The Key players in the IT Operations Analytics (ITOA) Market include Evolven Software Inc., Oracle Corporation, IBM Corporation, SAP SE, Splunk Inc., Hewlett Packard Enterprise Company, ExtraHop Networks, Prelert Inc., VMware Inc., and Microsoft Corporation.

The market in the APAC region is expected to witness the highest CAGR of 38.8% during the forecast period. The Asia-Pacific region is supposed to witness growth in the market with emerging countries like China, Japan, and India that are investing in technology hugely coupled with the presence of several manufacturing enterprises which are further expected to expand the market growth. A growing number of data centers and the increasing demand for high-level IT infrastructures are also kindling the growth of the market. Rising adoption of cloud computing in this region presents possibilities for vendors to implement ITOA solutions on the cloud. There has been a rise in the market for ITOA tools that recognize security gaps in network infrastructure and decrease risks.

For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, End User, Application, Technology, Organization, and region:

Deployment Outlook (Revenue, USD Million; 2016-2026)
o On-Premise
o Cloud

End User Outlook (Revenue, USD Million; 2016-2026)
o BFSI
o IT and Telecommunication
o Media and Entertainment
o Government
o Others

Application Outlook (Revenue, USD Million; 2016-2026)
o Real-time Log Analytics
o Application Performance Management
o Infrastructure Management
o Network and Security Management
o Others

Technology Outlook (Revenue, USD Million; 2016-2026)
o Root-Cause Analytics
o Predictive Analytics
o Machine-Based Learning
o Visual Analytics
o User-Behavior Analytics

Organization size Outlook (Revenue, USD Million; 2016-2026)
o Large Enterprises
o Small & Medium Enterprises (SMEs)

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Regional Outlook (Revenue, USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o The IT Operations Analytics (ITOA) Market is estimated to reach USD 70.87 Billion by 2026, at a CAGR of 37.7% during the forecast period.
o The root-cause analytics technology accounted for the largest share of 21.1% of the market in 2018.
o The cloud deployment is anticipated to grow at a higher rate of 38.3% during the forecast period.
o It and Telecommunication end user segment is anticipated to grow at the highest rate of 37.9% during the forecast period.
o The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 37.8% during the forecast period.
o North America region accounted for the largest share of 30.2% of the market in 2018. The booming IT industry in the region and the emergence of IoT, cloud, and big data will generate further opportunities for visual analytics.
o Various players are developing strategies to mark their presence in the industry.
o Evolven Software Inc. announced in June 2018 that New York Community Bank (NYCB) practices Evolven. This allows a proactive approach to IT service management, IT operations, and release management. NYCB believes it can produce the best possible assistance to its customers with Evolven.

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5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

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