Prominent Information Technology (IT) Operations Management Software Market Trend for 2025: Integration Of IoT Platform Software In IT Operations Management: Enhancing Monitoring, Management, And Security Solutions

What Are the Projected Growth and Market Size Trends for the Information Technology (IT) Operations Management Software Market?
The market size of software used in information technology (IT) operational management has seen robust growth in the past few years. The market, projected to be $2.46 billion in 2024, is expected to increase to $2.61 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%. Factors that contributed to this remarkable growth during the historic period include the increased adoption of cloud computing technologies by enterprises, substantial growth of the banking sector, e-commerce, and services based on cloud, heightened use of cloud-based video streaming services, and expansion of data center infrastructure.

The market size for software used in managing information technology (IT) operations is projected to register a robust expansion in the coming years, escalating to $3.28 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. The surge predicted for the forecast period is likely due to the rising investment in state-of-the-art data centers, IT firms adopting BYOD and CYOD systems, a growing requirement for cloud management services, the adoption of multi-cloud platforms, and amplified expenditure on IT infrastructure. Furthermore, escalating demand for process automation also contributes to this growth. Key trends during the forecast period are expected to consist of rapid advancements in technology, real-time monitoring of systems, expeditious and efficient issue resolution, the stimulus for continuous operations and innovation, and the application of virtualization technologies.

What Factors Are Fueling Growth in the Information Technology (IT) Operations Management Software Market?
The surge in concerns around cybersecurity is projected to be a key factor propelling the expansion of the IT operations management software market. Cybersecurity issues encompass the risks and challenges of safeguarding digital properties, information, systems, and networks from unauthorized intrusion, data breaches, cyberattacks, and other harmful actions. This apprehension around cybersecurity is escalating due to the increasing incidence of cyber threats, inadequacy of qualified cybersecurity professionals, the transition to remote working, and the implementation of advanced technologies. IT operations management software is crucial in fortifying cybersecurity defenses, boosting threat detection and response capabilities, and maintaining the robustness of IT infrastructure against cyber threats and intrusions. For example, in February 2023, the Australian Cyber Security Centre, a cybersecurity agency based in Australia, reported that the receipt of cybercrime reports in 2022 increased to 76,000, marking a 13% growth from the previous year. Thus, the mounting concerns about cybersecurity are fueling the growth of the IT operations management software market.

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Which Leading Companies Are Shaping the Growth of the Information Technology (IT) Operations Management Software Market?
Major companies operating in the information technology (IT) operations management software market are Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Hewlett-Packard Company, International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Efecte Oyj, Adobe Systems Inc., ServiceNow Inc., Autodesk Inc., OpenText Corporation, Citrix Systems Inc., SAP SE, Atlassian Corporation Plc, Splunk Inc., BMC Software Inc., IFS AB, Zendesk Inc., Zoho Corporation, LogMeIn Inc., Ivanti Inc., Elastic N.V., SolarWinds Worldwide LLC, SymphonyAI Corporation, Freshworks Inc., EasyVista Inc., Binmile LLC

What Are the Major Trends Shaping the Information Technology (IT) Operations Management Software Market?
Key players in the IT operations management software market are concentrating their efforts on designing innovative software such as IoT platform software. This software serves as a bridge, connecting Internet of Things (IoT) devices and furnishing thorough surveillance, regulation, and protection solutions for connected networks and devices. IoT platform software is tailor-made to oversee the management, scrutiny, and manipulation of IoT devices and applications within an enterprise's IT framework. Take, for example, the USA's MASS Group, a software solutions entity, that launched an avant-garde IoT software platform solution, ScannerIO, in April 2022. This technology syncs flawlessly with their manufacturing execution system (MES) offering, enabling it to automatically generate digital work directions for manufacturing protocols. ScannerIO is capable of amassing data from diverse gadgets, inclusive of Bluetooth, barcode scanners, RFID readers, and IoT devices.

What Are the Key Segments of the Information Technology (IT) Operations Management Software Market?
The information technology (IT) operations management software market covered in this report is segmented -

1) By Type: Cloud Based, On-Premise
2) By Application: Large Enterprises, Small And Midsize Enterprises (SMEs)
3) By End-User: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Government, Healthcare, Other End-Users

Subsegments:
1) By Cloud-Based - Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premise - Local Servers, Infrastructure

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Which Region Dominates the Information Technology (IT) Operations Management Software Market?
North America was the largest region in the IT operations management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (IT) operations management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Information Technology (IT) Operations Management Software Global Market Report?

- Market Size Analysis: Analyze the Information Technology (IT) Operations Management Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Information Technology (IT) Operations Management Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Information Technology (IT) Operations Management Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Information Technology (IT) Operations Management Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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