IT Operations Analytics (ITOA) Market

The IT operations analytics market is expected to grow from USD 26.8 billion in 2024 to USD  127.4 billion in 2029, at a CAGR of 36.6%  during the forecast period. The IT Operations Analytics (ITOA) market is driven by the increasing amounts of IT operations data that need to be captured and analyzed using higher level analytics. Increased use of multiple clouds increases the need to consolidate analytical solutions to accommodate multiple clouds and the need for real-time and automated analysis drives the enhancement and integration of ITOA technologies.

Key players operating in the IT operations analytics market across the globe are Microsoft (US), IBM (US), Oracle (US), Cisco (US), OpenText (Canada), Hitachi (Japan), Dynatrace (US), Broadcom (US), SolarWinds (US), BMC Software (US), NetApp (US), Elastic (US), Nexthink (Switzerland), HCL Technologies (India), New Relic (US), ServiceNow (US), Dell Technologies (US), HPE (US), Cloud Software Group (US), Veritas Technologies (US), BigPanda (US), ExtraHop Networks (US), Squadcast (US), ScienceLogic (US), Apica (Sweden), Diamanti (US), MCG (Denmark), Evolven (US), XPLG (US), HEAL Software (US), Sumo Logic (US), Devo (US), meshIQ (US), and CloudFabrix (US). These companies employ various approaches, both organic and inorganic, including introducing new products, forming strategic partnerships and collaborations, and engaging in mergers and acquisitions, to expand their presence and offerings within the ITOA market.

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Cisco is one of the largest networking company dealing in products along with solutions in networking related fields such as routing, switches, home networking, IP telephony, optical networking, security, storage area networking, and wireless technology. Cisco's The company's offerings are divided into two main segments: Product & Service. The Product segment comprises infrastructure platforms, applications, security and other products while the Service segment offers technical support services and advisory services. The applications category comprises UC, Cisco conferencing, the Internet of Things, and AppDynamics analytics. Cisco’s latest acquisition of Splunk improves its ITOA platform and is a turning point for the vendor in its efforts to reinvent networking and security. Splunk’s top-performing analytics is integrated into Cisco to provide a comprehensive visibility in the organization’s digital process and system.

IBM is a multinational technology and consulting corporation that operates through four major business segments: Software, consulting, infrastructure as well as financing. Its clients come from Aerospace and Defense, Education, Healthcare, Oil & Gas, Automotive Electronics, Insurance, Retail & Consumer Products, Banking & Finance, Energy & Utilities, Life Sciences, Telecommunications, Media & Entertainment, Chemical, Government & Manufacturing, Travel & Transportation, Construction & Metals & Mining. The company has a strong presence in the Americas, Europe, the Middle East, Africa, and Asia Pacific and has clients in more than 175 countries. IBM offers ITOA solutions through the IBM Concert, IBM Instana Observability, IBM Z Service Management Suite, and IBM SevOne that help customers harness the volume of operational data to provide keen insights into the operational trends and potential problems needing attention.

Oracle is one of the global leaders, providing a wide range of platforms, applications and infrastructure that could meet the demands of the corporate information technologies. The company’s clientele base comprises of enterprises, governmental bodies, schools and colleges, and other re-sellers. Oracle’s software solutions include an autonomous database, developer tools, engineering systems, IT, Java, and middleware. In the ITOA market, the company provides Oracle IT Analytics that allow users to identify systematic problems, understand resource consumption by the application tier, and predict future demand for IT services based on usage patterns. Oracle leverages the state of the art technologies to build smart and contextually relevant solutions for its IT-savvy clients. The company utilizes analytical tools, and using this aspect, the ITOA companies can provide customers with behavior patterns and an engaging digital environment to their competitors.

Related Reports:

IT Operations Analytics (ITOA) Market by Technology (Prescriptive analytics, Predictive analytics), Application (Root Cause Analysis, Application Performance Monitoring (APM), Security & Event Management, Network Management, BPM) - Global Forecast to 2029

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