Enjoy complimentary customisation on priority with our Enterprise License!
The IT operation analytics (ITOA) market share is expected to increase by USD 45.21 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 37.21%.
This IT operation analytics (ITOA) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IT operation analytics (ITOA) market segmentation by deployment (cloud and on-premise) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The IT operation analytics (ITOA) market report also offers information on several market vendors, including Broadcom Inc., Cisco Systems Inc., Elastic NV, Evolven Software Inc., ExtraHop Networks Inc., Hitachi Ltd., International Business Machines Corp., iOPEX Technologies Inc., Micro Focus International Plc, Microsoft Corp., Moogsoft Inc., Nastel Technologies Inc., NetApp Inc., Nexthink SA, Oracle Corp., Resolve Systems LLC, SAP SE, SAS Institute Inc., Splunk Inc., and XpoLog Ltd. among others.
Download Report Sample to Unlock the IT Operation Analytics (ITOA) Market Size for the Forecast Period and Other Important Statistics
The recent developments is notably driving the IT operation analytics (ITOA) market growth, although factors such as increasing complexities and dynamic nature of its architecture may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT operation analytics (ITOA) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key IT Operation Analytics (ITOA) Market Driver
One of the key factors driving growth in the IT operation analytics (ITOA) market is the recent developments. In July 2020, SolarWinds expanded its IT operations management product to meet the demands of IT professionals working in hybrid IT environments and respond to economic concerns. In July 2020, Citrix and Microsoft collaborated to create hybrid IT environments during the COVID-19 pandemic. Citrix and Microsoft announced the collaboration of their products and services to help Citrix clients migrate from on-premises to Microsoft Azure. In addition, the organizations will develop a linked roadmap to ensure a consistent and optimal flexible work experience. In June 2020, SAP announced the launch of the Corona Warn App for the German government. The app commissioned by the German government is one of the first European applications based on Apple and Google's current Exposure Notification Framework criteria. Such developments are expected to fuel the growth of the market in focus.
Key IT Operation Analytics (ITOA) Market Trend
The growing demand for holistic 360-degree visibility is an IT operation analytics (ITOA) market trend that is expected to have a positive impact in the coming years. Organizations globally are using numerous technologies to monitor their IT performance and manage their hybrid cloud ecosystems. Most of these performance monitoring solutions are domain-centric and provide a deep perspective into a specific domain, as a result, they lack the ability to provide a linked end-to-end view across IT domains. Holistic 360-degree visibility of ITOA solutions enables firms to study and act on IT and other cross-domain challenges in the increasingly integrated IT environment. These solutions enable firms to cluster and correlate issues as well as cooperate on procedures. ITOA provides real-time analysis, lowering mean time to recovery or mean time to restore (MTTR) and increasing efficiency. Such factors are expected to drive the growth of the global IT operation analytics market.
Key IT Operation Analytics (ITOA) Market Challenge
The increasing complexities and dynamic nature of IT architecture will be a major challenge for the IT operation analytics (ITOA) market during the forecast period. Organizations are using modern IT architecture to make their IT infrastructure more dynamic and adaptable by leveraging virtualization technologies such as cloud, containers, and virtual machines. As most organizations have adopted containers, the acceptance of cloud solutions is increasing, and most businesses are transferring their applications to the cloud. Owing to the sheer dynamic nature of cloud and analytics technology, firms now respond to variable resource demand. However, this has led to a decrease in visibility for organizations, as workflows and workloads are far from their existing physical IT infrastructure. Such factors are expected to hamper the growth of the market in focus.
This IT operation analytics (ITOA) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global IT operation analytics (ITOA) market as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IT operation analytics (ITOA) market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the IT operation analytics (ITOA) market encompasses successful business strategies deployed by the key vendors. The IT operation analytics (ITOA) market is fragmented and the vendors are deploying growth strategies such as focusing on innovation to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The IT operation analytics (ITOA) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the IT operation analytics (ITOA) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
32% of the market’s growth will originate from North America during the forecast period. The US is the key market for IT operation analytics (ITOA) in North America. Market growth in this region will be faster than the growth of the market in the European region.
As a pioneer in the adoption of advanced technologies across industries, such as transportation, telecommunication, and retail, North America is an attractive market for ITOA solutions. This will facilitate the IT operation analytics (ITOA) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The expanding IT sector in the region needs high-level analytics, owing to the COVID-19 pandemic, which propelled the growth of the ITOA market in the region in 2020 as well as 2021. The industrial sector in the region is developed and technologically mature. The development of the sector is expected to lead to the adoption of technology at a faster rate. The prevalence and penetration of major vendors also supplemented market growth in the region in 2021.
To gain further insights on the market contribution of various segments Request PDF Sample
The IT operation analytics (ITOA) market share growth by the cloud segment will be significant during the forecast period. The cloud model is preferred by vendors as it offers effective quality control, intuitiveness, and easy maintainability. Some of the most widely used cloud solutions offerings include log management, application performance management (APM), network and security management, root cause analysis, and anomaly detection. SMEs and startups are the major contributors to the growth of the cloud segment of the market in focus as they are more price-sensitive.
This report provides an accurate prediction of the contribution of all the segments to the growth of the IT operation analytics (ITOA) market size and actionable market insights on the post-COVID-19 impact on each segment.
IT Operation Analytics (ITOA) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 37.21% |
Market growth 2022-2026 |
$ 45.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
34.7 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 32% |
Key consumer countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Broadcom Inc., Cisco Systems Inc., Elastic NV, Evolven Software Inc., ExtraHop Networks Inc., Hitachi Ltd., International Business Machines Corp., iOPEX Technologies Inc., Micro Focus International Plc, Microsoft Corp., Moogsoft Inc., Nastel Technologies Inc., NetApp Inc., Nexthink SA, Oracle Corp., Resolve Systems LLC, SAP SE, SAS Institute Inc., Splunk Inc., and XpoLog Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.