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Press Release / Technology / IT Operation Analytics Market is expected to reach a USD 26 Billion by Forecast to 2023

IT Operation Analytics Market is expected to reach a USD 26 Billion by Forecast to 2023

By Kiran on May 22 2018 | 96 Views

Global IT operation analytics Market Research Report: By Technology (Visual Analytics, Machine-Based Learning) – Forecast till 2023

Market Highlights:
The global IT operation analytics market is projected to witness a rapid growth during the forecast period owing to increasing demand for IT operation analytics solutions. Moreover, increasing demand for real-time analytics due to a huge amount of data is one major factor driving the growth of IT operation analytics market.

The global IT Operation Analytics Market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to witness significant growth and hold the largest share of the global market during the forecast period. U.S. and Canada are anticipated to drive the growth of the IT operation analytics market in North America owing to the presence of a large number of established key players such as Oracle Corporation, IBM Corporation, Hewlett Packard Enterprise Company, Splunk Inc., Microsoft Corporation, VMware Inc., and Prelert Inc. among others in this region. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, the region also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to increasing amount of data which requires real-time analysis. Major growth in the generation of data related to IT operations and growing adoption of IoT and BYOD are primarily driving the market growth.

The global IT operation analytics market is projected to reach USD 26 billion at a CAGR of over 39% by the end of the forecast period 2017-2023.

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Major Key Players:
• 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 (U.S.)
• VMware Inc. (U.S.)
• Prelert Inc. (U.S.)

IT operation analytics Market Segmentation:
The global IT operation analytics market is segmented by technology, organization size, deployment, application, and vertical. The deployment segment is classified into the cloud and on-premise. The on-premise sub-segment is expected to hold the largest share of the IT operation analytics market.

This is owing to the primary concern of ensuring privacy and security of the organizational data. Also, migration of data from a legacy system to a different deployment mode is bit troublesome and may result in various problems such as loss of data integrity, loss of data confidentiality, and incompatible data formats among other factors.

Market Research Analysis:
North America is estimated to account for the largest share of the market and is also projected to grow at the fastest rate during the forecast period. The market in North America is witnessing rapid growth due to advancements in technology and rise in the amount of data which requires real-time analysis to gain insights from it. Also, increasing popularity of bringing your device and IoT across different industry verticals in this region is driving the market growth.

North America is followed by Europe and Asia Pacific. The growth in Europe region will largely be driven by Germany owing to the presence of key established players such as SAP SE in the region. Moreover, Asia Pacific ranks third, and the growth in the region is driven by countries like China and Japan. The growth of IT operational data and the increasing demand for next-generation ITOA solutions is majorly driving the growth of IT operation analytics market in the region.

Access Report Details @ https://www.marketresearchfuture.com/reports/it-operation-analytics-market-5916

Intended Audience:
• Technology Investors
• Research/Consultancy Firms
• Government Bodies
• Consulting Service Providers
• IT operations and Technology Leaders
• Analytics Solutions Vendors
• Security and Intelligence Service Vendors
• Investors and Venture Capitalists
• System Integrators
• Cloud Service Providers

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com





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