IT Operations Analytics Market worth $45.1 billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

The technological advancements and digitization in countries, such as China and India will keep up the demand of ITOA in major end users, such as healthcare and life sciences, retail and consumer goods, and BFSI. The adoption of ITOA solutions and services is expected to rise in MEA and Latin America, due to the growing need to enhance IT operational performance and optimize IT infrastructure. Countries in these regions are also utilizing IT operational data to increase operational efficiency and reduce problem recovery time.

The log management solution to hold a larger market size during the forecast period

The IT Operations AnalyticsMarket by solution has been segmented into log management, APM, root cause analysis, anomaly detection, network and security management, and other solutions, such as cost management, capacity management, infrastructure management, and business process monitoring. The log management segment is expected to grow at a rapid pace in the coming years in the ITOA market. Log management helps IT teams to provide insights into the health and compliance of systems and applications. It also can be used to detect one of the key sources of data for security analytics, including threat detection, intrusion detection, compliance, and network security.

The BFSI end user to hold the largest market size during the forecast period

The IT Operations AnalyticsMarket is segmented based on end user. The end user includes BFSI, government and defense, healthcare and life sciences, telecom, manufacturing, retail and consumer goods, energy and utilities, transportation and logistics, and others (education, media and entertainment, and travel and hospitality). The BFSI segment is expected to hold the largest market size during the forecast period in the ITOA market. The growth of the BFSI end user can be attributed to the concern of financial and banking industries to stay profitable, understand customer needs and preferences to proactively reduce risk, and enhance network security of data. ITOA solutions enable the BFSI end user to detect any service faults and bring it to the notice of the bank for handling the issue by offering proactive services. Apart from the banking and financial industry, these solutions also offer the insurance industry network and security management solutions, and risk management services.