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Role Of IT Operations Management Software In Addressing Rising Cybersecurity Concerns Driver: Leading Transformation in the Information Technology (IT) Operations Management Software Market in 2025
Information Technology (IT) Operations Management Software
The increasing concern over cybersecurity is expected to fuel the growth of the IT operations management software market. Cybersecurity threats, including data breaches and cyberattacks, are escalating due to the rise in digital activities and the shortage of skilled professionals. IT operations management software enhances cybersecurity by improving threat detection, response capabilities, and infrastructure resilience. For example, the Australian Cyber Security Centre reported a 13% increase in cybercrime reports in 2022. Consequently, the rise in cybersecurity concerns is driving the IT operations management software market.
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What Is the projected market size and growth rate for the information technology (it) operations management software market?
The IT operations management software market is expected to grow from $2.46 billion in 2024 to $2.61 billion in 2025 at a CAGR of 6.0%, supported by cloud adoption, e-commerce expansion, banking sector growth, and increasing data center infrastructure.
The IT operations management software market is expected to reach $3.28 billion by 2029 at a CAGR of 5.8%, driven by investments in advanced data centers, BYOD/CYOD adoption, cloud management demand, IT infrastructure expansion, and automation needs. Trends include real-time system monitoring, virtualization technologies, and rapid tech improvements.
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What new trends are reshaping the information technology (it) operations management software market and its opportunities?
Companies in the IT operations management software market are focusing on developing IoT platform software to integrate with connected devices, offering comprehensive monitoring, management, and security solutions. For instance, in April 2022, MASS Group, a US-based software company, launched ScannerIO, an IoT platform software. This platform automates the creation of digital work instructions for manufacturing processes, allowing seamless data collection from various devices, including Bluetooth, barcode scanners, and RFID readers.
What major market segments define the scope and growth 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.
Which key market leaders are driving the information technology (it) operations management software industry growth?
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
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What Is Covered In The Information Technology (IT) Operations Management Software Global Market Report?
•Market Size Forecast: Examine the information technology (it) operations management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the information technology (it) operations management software market for a structured understanding.
•Key Players Overview: Analyze major players in the information technology (it) operations management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the information technology (it) operations management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the information technology (it) operations management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the information technology (it) operations management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the information technology (it) operations management software market.
•Competitive Landscape: Review strategic developments in the information technology (it) operations management software market, including expansions, agreements, and new product launches.
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