TECH SUPPLIER Oct 2019 - Market Share - Doc # US45557219
Worldwide IT Operations Analytics Software Market Shares, 2018: Market Growth Accelerates
This IDC study presents IDC's estimate of market sizes and vendor market shares in 2018 for the IT operations analytics (ITOA) software market. The worldwide ITOA software market is estimated to have totaled $2.9 billion in 2018 when calculated in current U.S. dollars. IDC estimates that the 2018 worldwide market grew by 26.1% over 2017. Splunk was the market share leader in 2018, with a 39.9% share on $1.2 billion of revenue, according to IDC estimates. The Americas region, dominated by U.S. sales, represented 65.3% of the market. IDC estimates 15.3% of revenue was delivered via the software-as-a-service (SaaS) public cloud model.
"The IT operations analytics market continued strong growth in 2018," according to Tim Grieser, research VP, Enterprise System Management Software. "Leading vendors gained increased revenue on the strength of their offerings in log management and analysis for troubleshooting complex problems across applications and infrastructure as well as support for machine learning of operational characteristics and predictive solutions for preventing future problems."
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