IT Operations Analytics (ITOA) Market Analysis, Revenue Share,...

IT Operations Analytics (ITOA) Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2026

Posted 2023-04-03 08:54:51

The growth of the market is governed by various factors such as rising technological advancements

The IT Operations Analytics (ITOA) Market is expected to reach USD 70.87 Billion by 2026, according to a new report by Reports and Data. IT operations analytics (ITOA) is a developing technology adopted by various businesses to understand intricate patterns. The systems are intended to clean the massive amount of data utilizing numerical algorithms and other extraction mechanisms to recover vital information. Digitization trend is inspiring the SME's and other large businesses to opt for IT infrastructure, further accelerating the growth in choosing IT operational analytics solutions. Therefore, boosting the increase in revenue of the global market.

The market in the APAC region is expected to witness the highest CAGR of 38.8% during the forecast period. The Asia-Pacific region is supposed to witness growth in the market with emerging countries like China, Japan, and India that are investing in technology hugely coupled with the presence of several manufacturing enterprises which are further expected to expand the market growth. A growing number of data centers and the increasing demand for high-level IT infrastructures are also kindling the growth of the market. Rising adoption of cloud computing in this region presents possibilities for vendors to implement ITOA solutions on the cloud. There has been a rise in the market for ITOA tools that recognize security gaps in network infrastructure and decrease risks.

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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in R&D activities are expected to boost market growth during the forecast period.

Competitive Landscape:

Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.

some leading companies operating in the global Keyword market:

Evolven Software Inc., Oracle Corporation, IBM Corporation, SAP SE, Splunk Inc., Hewlett Packard Enterprise Company, ExtraHop Networks, Prelert Inc., VMware Inc., and Microsoft Corporation.

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The global market is further segmented into type and application:

Deployment Outlook (Revenue, USD Million; 2016-2026)

On-Premise
Cloud

End User Outlook (Revenue, USD Million; 2016-2026)

BFSI
IT and Telecommunication
Media and Entertainment
Government
Others

Application Outlook (Revenue, USD Million; 2016-2026)

Real-time Log Analytics
Application Performance Management
Infrastructure Management
Network and Security Management
Others

Technology Outlook (Revenue, USD Million; 2016-2026)

Root-Cause Analytics
Predictive Analytics
Machine-Based Learning
Visual Analytics
User-Behavior Analytics

Organization size Outlook (Revenue, USD Million; 2016-2026)

Large Enterprises
Small & Medium Enterprises (SMEs)

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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