Global IT Operations Analytics Market by Deployment Model Types (On-premises and On-demand), Organization Size Types (Large Enterprises and Small and Medium Enterprises), End User (Retail, Healthcare, Banking and Finance Institutions, Government and Telec

The IT operations analytics market was valued at approximately USD 7Billion in 2019 and is expected to surpass USD 28Billion by 2026, expanding at a CAGR of 18.8% during the forecast period 2020-2026. IT operations analytics (ITOA) is the practice of monitoring systems and gathering, processing, analyzing and interpreting data from various IT operations sources to guide decisions and predict potential issues. Information is gathered from live running infrastructure as well as older logged data from application, service and infrastructure hardware logs. Other sources of data include software agents running in operating systems or hypervisors gathering data relevant to I/O, transactions and resource usage. The results of scripted tests are gathered, along with real-time analysis of running protocols in a network. All or some of the operations data is used to yield a high-level view of infrastructure that can enable better management of IT resources, employees and infrastructure. However, the sheer volume of data gathered can overwhelm the resources to effectively make use of it, which can lead to IT operations management (ITOM) becoming more reactive than proactive.

Market Trends, Drivers, Restraints, and Opportunities:

• Rise in amount of IT operations data has been an aspect that is driving the market. With the rapidly changing IT industry and increased complexity of IT environments, there is a huge amount of operational data that is generated. Earlier, enterprises used to rely on traditional data analytics tools that were not efficient and led to less ROI for large operational data. With the introduction of ITOA solutions, organizations could analyze operational data effectively to derive meaningful insights. ITOA solutions help organizations to quickly discover the root-cause of IT system performance problems and analyze them in a more scalable and cost-effective manner. Organizations can deploy these solutions to analyze significant amounts of operational data obtained from different applications. Furthermore, deploying ITOA solutions with real-time analytical capabilities provides better analytical results.
• The frequent changes in IT operations is an aspect that is restraining this market. Organizations need to consistently keep improving their IT infrastructure and operations to meet the demands of changing business environment. IT operations are comprised of multiple functions. These functions operate on different layers, platforms, and infrastructure. A minor change in any parameter of the functions will have a significant impact on the overall performance of IT operations.
• Factors such as generation of extensive mobile data, increase in IoT and mobile devices, rich connectivity of internet, and increased requirement for data storage in various industries has led to a rise in the number of data centres. Data centres have proven to be effective to organizations in terms of cost saving, risk mitigation, and data delivery speed. Hence, many organizations are backing up their data with data centres. Technologies such as visual analytics, predictive analytics, user-behaviour analytics, root-cause analytics, and real-time log analytics, if implemented on the data stored in data centres can increase the efficiency of an organizations’ IT operations.

Scope of the Report

The report on the IT operations analytics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2020Historic Data2019Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, Middle East and Africa, Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

IT Operations Analytics Market Segment Insights:

Based on deployment mode types, the market is divided into on-premise and on-demand. The on-demand segment of IT operations analytics by deployment type is estimated to grow with the fastest market rate during the forecast period. Organizations are expected to rapidly adopt on-demand or cloud-based deployment for ITOA solutions in near future. Cloud deployment offers multiple benefits to organizations, such as reduced cost on physical infrastructure, anytime accessibility, and effective monitoring of data. In terms of organization size, the market is bifurcated into large enterprises and small and medium enterprises. Large Enterprises hold a highest market share in 2019 and is expected to continue the same in the forecast period. Market share of SMEs is predicted to grow at a steady rate during the forecast period. In terms of end use types, the market is divided into retail, healthcare, banking and financial institutions, government, telecommunications. Banking and financial institutions have the largest market share. This is due to the fact that IT operations has been an important part of these institutions. Data that they generate is analyzed for any discrepancies regarding the transaction by its account holders. There is a steady growth in market share of telecommunications and healthcare and is predicted to continue the same for the forecast period. On the basis of regions, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is one of the highest revenues generating regions in the IT Operation Analytics (ITOA) market. The growth of IT operational data and the increasing demand for next-generation ITOA solutions are the major factors driving the ITOA market in this region. It has been estimated that in North America, the amount of data generated as well as collected by various organizations is increasing tremendously on a daily basis. The primary reason for such growth in data in this region is increasing users of mobiles and social media and adoption of IoT.

Competitive Landscape:

The global IT operations analytics market is fragmented with presence of various regional and global players. Industry participants leading the IT operations analytics market with the significant developments are Oracle Corporation, IBM Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise, ExtraHop Networks, Splunk Inc., Evolven Software Inc., Continuity Software and VMware, Inc. Oracle is one of the leading enterprise software providers. The company’s vast product portfolio is categorized in three parts, namely, computer hardware, products, and services. Oracle serves a diverse client base, which includes mid-sized businesses and large-scale enterprises. In February 2017, Oracle launched updated version of Oracle Management Cloud. Multiple features were added to applications, such as application performance management, infrastructure monitoring, log analytics, IT analytics, agent deployment, and entity management. These new features will improve operational efficiency across the customer enterprise and will be also helpful to derive better insights from operational data.

The Global IT Operations Analytics Market has been segmented on the basis of

Deployment mode types

• On-premise
• On-demand

Organization size types

• Large enterprises
• Small and medium enterprises

End Use Types

• Retail
• Healthcare
• Banking and Finance Institutions
• Government
• Telecommunications

Regions

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America