IT Operations Analytics Market Set to Soar Past USD 51.57 Billion by 2030 | Skyquest Technology
The global IT Operations Analytics market size is expected to reach USD 51.57 billion by 2030 and exhibit a CAGR of 7% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing data-driven decision-making, proactive IT management, operational efficiency, automation, real-time insights, predictive analytics, cost optimization, performance optimization, incident resolution, and scalability fuel the Market’s growth.
Westford, USA, Aug. 24, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the IT Operations Analytics market, advanced visualization and reporting, prescriptive analytics, intelligent automation, event correlation and root cause analysis, vendor consolidation and platform convergence, proactive monitoring and alerting, proactive capacity planning, cloud adoption, artificial intelligence, machine learning, automation, hybrid IT environments, real-time monitoring, predictive analytics, self-service analytics, anomaly detection, containerization are the trends that aid in the market’s growth.
Browse in-depth TOC on “IT Operations Analytics Market”
- Pages – 165
- Tables – 121
- Figures – 77
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Prominent Players in IT Operations Analytics Market
- Amazon Fresh
- Walmart Grocery
- Instacart
- Kroger
- Aldi
- Costco
- Target
- FreshDirect
- Peapod
- Shipt
- Thrive Market
- HEB
- Publix
- Safeway
- Wegmans
- Albertsons
- Trader Joe’s
- Fairway Market
- Whole Foods Market
- Amazon Prime Now
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Cloud-based Model Demand to Grow Substantially in the Forecast Period
Cloud-based deployment model dominated the global market owing to its scalability and flexibility. It also eliminates the need for organizations to invest in costly hardware, infrastructure, and maintenance. Instead, they can leverage cloud service providers’ infrastructure, paying only for the resources they consume. This pay-as-you-go model reduces upfront costs and allows organizations to allocate their IT budgets more efficiently.
Performance Monitoring and Management is the Leading Application Segment
In terms of application, the performance monitoring and management is the leading segment due to the growing emphasis on performance optimization. In addition, With the adoption of hybrid IT environments, including a combination of on-premises infrastructure, cloud services, and third-party applications, the complexity of managing IT operations has significantly increased. Performance monitoring and management solutions help organizations gain visibility into the entire IT ecosystem, enabling them to monitor and optimize the performance of diverse systems and applications across different environments.
North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The organizations have been early adopters of IT operations analytics solutions. They have recognized the value of leveraging data analytics and monitoring tools to optimize IT operations, enhance performance, and ensure the smooth functioning of their IT infrastructure. This early adoption has provided North American companies with a competitive advantage and established a strong foothold in the market.
A recent report thoroughly analyzes the major players operating within the IT Operations Analytics market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for IT Operations Analytics.
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Key Developments in IT Operations Analytics Market
- AMD acquired Pensando for USD 1.9 billion. According to AMD Pensando’s distributed services platform would expand through AMD’s data center product portfolio with a high-performance data processing unit and software stack.
Key Questions Answered in IT Operations Analytics Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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