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IT Operation Analytics (ITOA) Software Market Size Share - Industry Trends and Forecast 2016 - 2024

11-09-2017 12:33 PM CET | IT, New Media & Software

Press release from: MarketResearchReports.biz

IT Operation Analytics (ITOA) Software Market Size Share -

IT operations analytics (ITOA) software analyze the data generated from IT operations and turn them into relevant information and insights so as to act accordingly. These analytics software utilize cognitive computing capabilities for learning the IT systems behavior over the time and provide quick warnings on any abnormal behavior. The modern digital business suffuses technology in every step of any enterprise’s value chain. This unparalleled use of technology generates challenges for IT Infrastructure, as it becomes difficult to collect as well as organize the excessive data generated by the latest digital business systems. ITOA helps in delivering the right information to the operation management teams at right time. It also allows them to enhance their efforts, reduce the problems solving time, quick identification of issues and optimize system as well as application performance in order to meet business needs.

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There are various applications of ITOA systems used by IT operations teams which include root cause analysis, active service performance and availability control, problem assignment, service impact analysis, real time application behavior learning, and dynamically baselines threshold. Under the root cause analysis applications, the models or structures of IT infrastructure or application stack are monitored by the ITOA systems, which helps the users to locate the unknown root causes of overall system behavior. Similarly, in active service performance and availability control, the ITOA systems can predict upcoming system conditions and the impact of those conditions on the performance. ITOA systems can also determine a problem’s solution, and the results of implications to the appropriate individuals in the enterprise for problem resolution. The ITOA market can be segmented on the basis of types which include unstructured text indexing and inference search (UTISI), log analysis, multidimensional database search and analysis (MDSA), topological analysis (TA), ) statistical pattern discovery and recognition (SPDR) and complex operations event processing (COEP).

The increasing growth of IT data has swelled the demand for analytical solutions to be deployed on IT operations so as to generate benefits. The evolution of big data analytics technology has also attributed significantly toward the ITOA market growth. Today, organizations are facing challenges in solving IT associated problems, which has resulted into high IT data losses. Therefore, organizations have started adopting the advanced ITOA solutions for improving the application performance, quick network identification, and reducing security threats and increasing infrastructural management, further contributing to the market growth. In September 2015, Splunk Inc. launched analytics service for IT operations so as to enhance its machine learning tools. The company's IT service intelligence tool provides visualization as well as analytics for tracking the technology infrastructure. Asia Pacific is in the significant growth phase in the global ITOA market as there is an increasing demand for advanced analytical solutions across all IT operations as well as growing data centers numbers in this region. According to the Cisco Global Cloud Index estimates, Asia Pacific would be the fastest growing region in terms of data center workloads during the coming years.

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The major participants in the ITOA software market include Oracle Corporation, IBM Corporation, Hewlett Packard Company, Splunk, Inc., SAP SE, Evolven Software, Microsoft Corporation, VMware, Inc., ExtraHop Networks, Inc., AccelOps, Inc., Nexthink, Bay Dynamics, Sumo Logic and AppDynamics, Inc.

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The study is a source of reliable data on:

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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