IT Operations Market Expected Growth at 37.2% CAGR from 2020–2025

Although the global IT operations analytics (ITOA) market is expected to slow down during 2020 due to the COVID-19 pandemic, its size could reach $45.1 billion by 2025. A reduction in operational costs and the desire for improved security, privacy measures, and better customer experiences could drive the market up at a CAGR of 37.2%.

ITOA Market by Region

North America is already witnessing significant developments in the ITOA market, and the US, in particular, is expected to remain the largest revenue contributor for the forecast period.

ITOA Market by Solution

The ITOA market is segmented, for the purpose of the forecast, into log management, application performance management (APM), network and security management, and other solutions that include cost, capacity management, infrastructure management, and business process monitoring.

ITOA Market by End User

End-users for the ITOA market include banking, financial services and insurance (BFSI), government and defense, manufacturing, healthcare and life sciences, retail and consumer goods, telecom, energy and utilities, transportation and logistics, and others.

ITOA Market Players

Among the major vendors in the global IT Operations Analytics Market are IBM (powered by IBM Watson®, IBM Netcool®, IBM Cloud Event Management and IBM Cloud Management for hybrid development), BMS Software, Microsoft Corporation, and Oracle Corporation. Several startups are also expected to pose potential competition in the market.

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