$9.2 bn for Global Information Technology Operations Analytics Market by 2020
Zion Market Research has published a new report titled “Information Technology Operations Analytics Market by Software Solution (Visual Analytics, Machine-Based Learning, Predictive Analytics, User-Behavior Analytics and Root-Cause Analytics), for Real-Time Log Analytics, Application Performance Management, Infrastructure Management, Network and Security Management and Others Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand for IT operations analytics was valued at USD 2.5 billion in 2014, and is expected to reach USD 9.2 billion in 2020, growing at a CAGR of 23.7% between 2015 and 2020.
IT operations analytics helps to gather, organize, and discover patterns in highly diverse, distributed and fast-changing application and services data. This helps to recognize problems faster and enhance IT system performance. In current digital business, data is the currency that drives and guides all actions and decisions. IT operational analytics software solutions convert disconnected data points into actionable information.IT operations analytics applied to the modern IT infrastructure and operations in order to troubleshoot and foresee problems in the service and application infrastructure using analytics incorporated with existing IT operations management practices and tools.
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Real-time log analytics, application performance management, infrastructure management and network & security management are the major applications of IT operations analytics market. Real-time log analytics was the largest segment that accounted around 35% share of the market. This application updates real-time log activities. Hence it is in demand by large and small enterprises. In addition, network and security management application is a promising application due to increasing demand of integration and data securtiy.
Based on software solution, IT operations analytics market is segmented into visual analytics, machine-based learning, predictive analytics, user-behavior analytics and root-cause analytics. Among all, root-cause analytics was the leading segment of the IT operations analytics market. It accounted for over 25% share of the entire market in 2014. Predictive analytics and user-behavior learning are also promising software solution segments and expected to grow at strong CAGR over the estimated period.
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On-Premise mode of delivery was the foremost deployed mode of delivery for the year 2014. More than 75% share of the entire market was accounted by on-premise mode of delivery. Based on organization size, large enterprises lead the segment and it accounted for over 60% of share of the market in 2014. Further it is expected to continue this trend during the years to come.
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IT and communications was dominating end-use industry that accounted for around 25% shares of the total revenue generated in 2014. Further, it is predicted to remain largest segment during the forecast period. This growth is attributed to growing demand of latest technology such as cloud computing that is capable of monitoring big data analytics.
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With the largest share, North America was a leading regional market for IT operations analytics in 2014. Europe is the second highest regional market of IT operations analytics. Asia Pacific is the fastest growing market due to emerging economies such as China and India andlikely to have significant growth till 2020.
Some of the key participants involved in IT operations analytics market includes Oracle Corporation, IBM Corporation, SAP SE, Hewlett-Packard (HP), Splunk Inc., Microsoft Corporation and VMware amongst others.
The report segments the global IT operations analytics market as:
IT Operations Analytics Market: Application Segment Analysis
- Real-time log analytics
- Application performance management
- Infrastructure management
- Network and security management
IT Operations Analytics Market: Software Solution Segment Analysis
- Visual analytics
- Machine-based learning
- Predictive analytics
- User-behavior analytics
- Root-cause analytics
IT Operations Analytics Market: Mode of Delivery Segment Analysis
IT Operations Analytics Market: Organization Size Segment Analysis
- Large enterprises
- Small and medium enterprises (SME)
IT Operations Analytics Market: End-User Segment Analysis
- Healthcare and life sciences
- Retail and consumer goods
- Travel and hospitality
- IT and telecommunication
- Media and entertainment
IT Operations Analytics Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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