San Francisco, California, February 09, 2018 – The performance of IT resources is one of the important factors for every company. Owing to the complexity in IT scenarios, the maintenance of the performance has been the major issue which needs to be resolved through proper IT operations analytics. A recently published report by TMR Research, titled, “IT Operations Analytics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” sheds light on the various USPs of IT operations analytics and the assesses its overall size and future prospects. It also segments the market based on different parameters to uncover which one’s will progress at a greater speed than others.
The report states that incorrect handling of IT resources can lead to loss of income as a result of client disappointment, baffled end-users, and increased workload for the IT offices. Various advancements in technology are emerging to detect and tackle various issues and take required actions on them. IT Operations Analytics (ITOA) is one such way to deal with performance issues in IT industry. IT operations analytics helps in retrieving, analyzing, and reporting the data for IT operations. It figures out significant data from the raw information gathered by monitoring innovations and turns them into noteworthy business information. This makes IT operations analytics viable for business procedures.
IT operations analytics (ITOA) is a rising field utilized by a many organizations to comprehend complexities of the performances. The frameworks are intended to sort out the huge amount of data and information utilizing scientific algorithms and other extraction procedures to glean the important data. Visual analytics, user behavior analytics, machine-based learning, and root-cause analytics, and predictive analytics are some of the key tools that end users use in the IT operations analytics market. The rise in IT sector in several parts of the world, since past few years is among the major factor contributing in the growth of global IT operations analytics market. Utilization of ITOA in several regions has brought about decline in operational expenses of organizations and improved income too.
The different end user sectors of IT operations analytics are life sciences and healthcare, manufacturing, consumer goods and retail, BFSI, media and entertainment, travel and hospitality, government, IT and telecom, and others. Analysts predict the BFSI segment will likely lead in the next couple of years in order to enhance their IT operations and bring about a more digitized operations. For example, mobile banking is relied upon to offer opportunities in the BFSI sector.
The global IT operations analytics market is divided based on organization size, component, end-user, region, and application. On the basis of component, the market is categorized broadly into service, software, and hardware. Furthermore, the service segment is sub-divided into integration, consulting and others. Based on organization size, it is classified into large enterprise and small and medium enterprises (SME). As per the application segmentation, the market is sectioned into availability and proactive control of service performance, root cause analysis, real time application behavior learning, real time application behavior learning, along with problem allotment and so on. The end-user segment is further divided into retail and consumer goods, Banking, Financial Services and Insurance (BFSI), transportation, healthcare, manufacturing, and so on. Geographically, the regions are broadly segmented into Asia Pacific, North America, Europe, South America, and the Middle East and Africa.
IBM Corporation, VMware, Inc., Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise, SAP SE, ExtraHop Networks, Evolven Software Inc., Splunk Inc., Continuity Software are among the leading players in global IT operations analytics market.
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