IT Operations Analytics Market Growing at High CAGR by 2022

(IT-NEWSWIRE.COM, April 19, 2019 ) The main objective of this report is to define, describe, and forecast the IT operations analytics market based on solution, deployment type, organization size, vertical and region. The report provides detailed information regarding factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

The report aims to strategically analyze each submarket with respect to individual growth trends and contribution towards the overall market and to analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders.

MarketsandMarkets forecast IT Operations Analytics Market size to grow from an estimated USD 2.78 Billion in 2016 to USD 19.84 Billion by 2022, at a CAGR of 38.7%.

Some of the major vendors of IT operations analytics solutions are:

• Oracle Corporation (U.S.)

• IBM Corporation (U.S.)

• SAP SE (Germany)

• Hewlett Packard Enterprise Company (U.S.)

• Splunk Inc. (U.S.)

• Microsoft Corporation (U.S.)

• Evolven Software Inc. (U.S.)

• ExtraHop Networks Inc. (U.S.)

• VMware Inc. (U.S.)

• Prelert Inc. (U.S.)

Among all industry verticals, the market for media and entertainment is expected to grow at the highest rate during the forecast period. Organizations in this industry struggle with legacy business models, legacy infrastructure, and data, as these organizations attempt to understand the difference between content offered and customer demands. The media and entertainment industry is leveraging the benefits of ITOA solutions to manage infrastructure effectively and analyze huge amounts of IT operations data.

Among applications, the real-time log analytics application segment is expected to hold the largest market share during forecast period. With the consistent increase in log and machine-generated data, organizations need to adopt real-time log analytics applications to provide faster, efficient, and innovative ways of log analysis. Adopting real-time log analytics applications is a high priority for organizations, and several of these have already adopted this application in their IT systems

Among regions, the global ITOA market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is one of the highest revenue generating regions in the 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 the increasing use of mobiles and social media, BYOD in organizations, and the adoption of IoT, among others.

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IT Operations Analytics Market Growing at High CAGR by 2022