Global IT Operations Analytics Market to Reach $62.4 Billion by 2027
Amid the COVID-19 crisis, the global market for IT Operations Analytics estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$62.4 Billion by 2027, growing at aCAGR of 36.1% over the period 2020-2027. On-Premises, one of the segments analyzed in the report, is projected to record 35.9% CAGR and reach US$39.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 36.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 35% CAGR
The IT Operations Analytics market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2027 trailing a CAGR of 35% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.4% and 31.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.5% CAGR.We bring years of research experience to this 8th edition of our report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Evolven Software
- Extrahop Networks
- Hewlett Packard Enterprise Development LP (HPE)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Splunk, Inc.
- VMware, Inc.