Market Size of IT Operation Analytics (ITOA) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 28.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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IT Operation Analytics Market Analysis
IT Operation Analytics (ITOA) Market is expected to register a healthy CAGR of over 28% during the forecast period (2021 - 2026). With growing complexity, developers spend approximately 25% of their time investigating the main reason for application issues that are related to hybrid IT infrastructures. Implementation of ITOA platforms offers the facility to connect, distribute, ingest, normalize, contextualize and govern large IT operations data across cloud and data centres.
- IT operational intelligence solution leverage machine data to help identify insights hidden in system silos to resolve the root cause of failures faster and improve operational performance through predictive analytics.
- There has been a rapid rise in the demand for ITOA tools that identify security gaps in network infrastructure as well as web & mobile applications and help reduce risks. Organizations are deploying high-end ITOA solutions to analyze the huge chunks of IT operational data to extract valuable insights with the shift of technologies from on-premises to cloud and the demand for the sustenance of market positions.
- The ITOA industry is leveraging on the emergence of PaaS DevOps. PaaS as a delivery model for IT helpdesks and infrastructure monitoring has typically helped in the incorporating log management, website monitoring, server monitoring and cloud management across complex, high-scale, and hybrid environment.
