16 February 2016 blogs 4 min read
The IT Operations Analytics (ITOA) market keeps growing, and according to market research recently published, by 2020, it is expected to grow to $9.79 billion (from the $2.17 billion estimated for 2015). This means a 35.2% compound annual growth rate (CAGR) for the 5 years analyzed. This proves without a shadow of a doubt that ITOA has reached the maturity point. It is no longer a small market waiting “to make it big”. These numbers prove that ITOA is here to stay, and that it will soon help reach business goals all over the world.
To put this growth into perspective; an IDC report helps show that the big data technology and services market will grow to $41.5 billion by 2018 at a 26.4% CAGR. This growth rate is six times the one of the overall information technology market. It goes without saying that big data and ITOA are interdependent: that latter gives the first one meaning and business relevance. It is, thus, absolutely normal for them both to grow at a very similar pace.
What drives the ITOA market growth?
During the 2015-2020 period, two key components of ITOA are forecasted to grow at the highest CAGR: networks & security management, and real-time log analytics. In fact, the latter is expected to have the largest market share, proving once again that quick response, actionable insights and time-to-market are deemed as crucial business values.
The first catalyst of the ITOA market growth is the mass adoption of the cloud as an indispensable business solution. Even more, companies have started to embrace new technologies as a means to gain more insight into their customers’ needs and demands.
Organizations are under pressure to modernize their IT infrastructure in order to operate more efficiently. They need more resources to innovate in order to keep up with the pace of the business. Unfortunately, most of their budget is lost trying to keep the lights on.
Most large organizations still have a very siloed IT service delivery, where every silo uses its own tools to monitor and manage the set of components they are responsible for, and are often being forced to purchase multiple, overlapping tools to fill feature gaps. They end up having over a dozen tools to monitor, each collecting a piece of the ‘truth’ across their already disparate infrastructure. It doesn’t help that the interdependencies between the infrastructure and applications are also becoming complex, making them difficult to identify and visualize. This explosion of machine-generated data over the coming years will create new market for predictive analytic tools to provide operational and business insights.
ITOA helping companies become mature
This is where ITOA comes into place: by helping organizations analyze data quickly and churn out exactly the results they need in record time. To be more efficient, organizations need to mature their IT service delivery process. Key points here are to become more aligned with the business, be more pro-active and start working as a team.
As market innovator in Business Service and Cloud Management solutions, Savision is proud to be part of the worldwide ITOA revolution. At Savision, we help to unify business and IT by correlating this machine-generated data into services that are delivered to the organization. This is why we are always striving to be one step ahead of all market trends and provide our customers with the edge every business needs, making it our mission to deliver the solutions our clients need in order to optimize their IT operations processes. Live Maps, our globally acclaimed solution is being constantly updated with new features designed to help bridge the gap between IT and business.
Would you like to learn more about Live Maps? You can request a free trial key: