IT Operations Analytics Market 2024 - By Size, Share, Growth, Analysis, Trends And Forecast To 2033

The new report published by The Business Research Company, titled ""IT Operations Analytics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the it operations analytics market size has grown exponentially in recent years. It will grow from $14.69 billion in 2023 to $19.09 billion in 2024 at a compound annual growth rate (CAGR) of 29.9%. The it operations analytics market size is expected to see steady growth in the next few years. It will grow to $21.65 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%.

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Growing Number Of Data Centers Is Anticipated To Fuel IT Operations Analytics Market
The increasing number of data centers is expected to propel the IT operations analytics market going forward. A data center refers to a specific building, room, or facility designed to house IT infrastructure, facilitate the deployment and operation of applications and services, and store the data. IT operations analytics offers a real-time cloud-based analytics platform for monitoring and optimizing data center infrastructure. For instance, in January 2022, according to the Campfil Group, a US-based air filter company, the number of data centers in the US reached 2,751 in 2022. Moreover, there are 484 data centers situated in Germany, 458 in the UK, 447 in China, and 324 in Canada. Therefore, the increasing number of data centers is driving the IT operations analytics market.

AI-Driven Auto-Remediation Revolutionizes IT Operations Analytics
Major companies operating in the IT operations analytics market are using artificial intelligence (AI) and machine learning (ML) for operations analytics, such as AI-driven auto-remediation solutions, to extend their global reach in the market. AI-driven auto-remediation solutions refer to automated systems that use artificial intelligence (AI) capabilities to identify, analyze, and remediate issues or incidents within an IT environment. For instance, in April 2023, PagerDuty Inc., a US-based digital operations management company, launched the PagerDuty AIOps solution. This offers comprehensive automation, from event ingesting to auto-remediation, ensuring swift processing of vast data quantities and event resolutions. By harnessing machine learning and unique AI capabilities, PagerDuty AIOps enhances its core data model. This streamlines operations further automate incident handling, and wards off potentially expensive issues. A notable feature of PagerDuty AIOps is its visibility console. It provides operational teams with a centralized monitoring dashboard, enabling swift incident management to prevent severe business, IT, and financial impacts.

The it operations analytics market covered in this report is segmented -

1) By Type: Predictive Analytics, Visual Analytics, Root Cause Analytics, Behavior Analytics,
2) By Deployment, On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Organizations
4) By Application: Asset Performance Management, Network Management, Security Management, Log Management
5) By End Use: Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, Manufacturing, Government, IT And Telecom, Other End Users

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Major companies operating in the it operations analytics market report are Microsoft Corporation, Hitachi Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation , Broadcom Inc., SAP SE, Vmware Inc., NetApp Inc., SAS Institute Inc., Micro Focus International plc, Splunk Inc., BMC Inc., Elastic N.V., iOPEX Technologies, SolarWinds Inc., Appnomic Systems Pvt. Ltd., Sumo Logic Inc., Devo Inc., Nexthink SA, Digitate, ExtraHop Networks Inc., Moogsoft Inc., Optanix Inc., OpsRamp Inc., Nastel Technologies Inc., XpoLog Ltd., StackState Inc., Loom Systems Ltd., Evolven Software Inc.

Contents of the report:
1. Executive Summary
2. IT Operations Analytics Market Report Structure
3. IT Operations Analytics Market Trends And Strategies
4. IT Operations Analytics Market - Macro Economic Scenario
5. IT Operations Analytics Market Size And Growth
…..
27. IT Operations Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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