IT Operations Analytics Market worth $45.1 billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, Sept. 22, 2020 /PRNewswire/ -- According to a new research report "IT Operations Analytics Market by Component (Solutions and Services), Solution (Log Management, Network and Security Management, Anomaly Detection), Service, Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global ITOA market size to grow from USD 9.3 billion in 2020 to USD 45.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 37.2% during the forecast period.

Browse in-depth TOC on "IT Operations Analytics Market"

279 - Tables
58 - Figures
335 - Pages

Various factors such as the reduction in IT operational costs, better customer experiences, improved network security and privacy capabilities, enhanced visibility into processes and operations, improved real-time decision-making, and use of operational analytics to mitigate the risk of COVID-19 are the key business and operational priorities that are expected to drive the growth of ITOA market.

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The IT Operations AnalyticsMarket is expected to witness a slowdown in 2020 due to the global lockdown. The lockdown is impacting global manufacturing, and supply chains and logistics as the continuity of operations for various sectors is badly impacted. The sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and consumer goods. The availability of the essential items has been impacted due to the lack of manpower to work on production lines, supply chains, and transportation although the essential items are exempted from the lockdown. The condition is expected to come under control by early 2021 while the demand ITOA solutions and services expected to increase, which is due to the increased demand for log management, Application Performance Management (APM), root cause analysis, network and security management, and anomaly detection.

Several end users are already planning to deploy a diverse array of ITOA solutions and services to enable digital transformation initiatives that address mission-critical processes, improve operations, and differentiate customer relationships. The reduction in IT operational costs, better customer experiences, improved network security and privacy capabilities, enhanced visibility into processes and operations, and improved real-time decision-making are the key business and operational priorities that are expected to drive the adoption of the ITOA market.