How big is the IT Operations Management Market?

The IT Operations Management Market size is expected to reach USD 31 billion in 2024 and grow at a CAGR of 9% to reach USD 50 billion by 2029. Read More

What is the current IT Operations Management Market size?

In 2024, the IT Operations Management Market size is expected to reach USD 31 billion. Read More

Who are the key players in IT Operations Management Market?

ServiceNow, BMC Software, Inc, SolarWinds Worldwide, LLC, Splunk Inc (Cisco Systems Inc) and IBM are the major companies operating in the IT Operations Management Market. Read More

Which is the fastest growing region in IT Operations Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IT Operations Management Market?

In 2024, the North America accounts for the largest market share in IT Operations Management Market. Read More

What years does this IT Operations Management Market cover, and what was the market size in 2023?

In 2023, the IT Operations Management Market size was estimated at USD 28.21 billion. The report covers the IT Operations Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IT Operations Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IT Operations Management Market Size & Share Analysis - Industry Research Report

IT Operations Management (ITOM) Market Size & Share Analysis - Growth Trends & Forecast (2024 - 2029)

The IT Operations Management (ITOM) Market Report is Segmented by Solutions Type (Network and Infrastructure Management, Application Performance Management, Configuration Management, Cloud and Hybrid IT Management, IT Operations Analytics, and Automation and Orchestration), by Deployment (On-Premises, Cloud Based, and Hybrid), End User Vertical (BFSI, IT and Telecom, Healthcare, Retail, Manufacturing, Government and Public Sector, and Energy and Utilities) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

IT Operations Management Industry Overview

The IT operations management market is fragmented, with numerous established players and new entrants offering a wide range of solutions. The rapid adoption of cloud computing, digital transformation, and the growing complexity of IT environments drives the competition. Key vendors like ServiceNow, BMC, IBM, etc, dominate, while smaller and specialized providers compete through niche offerings or innovative features like AI-driven automation.

• In July 2024, LS Digital unveiled DigiVerse 2.0, an operations management platform tailored to bridge the essential gaps in digital business transformation. This platform addresses current needs and gears brands for an AI-centric future. DigiVerse 2.0 captures data in an organized manner and preserves historical data. This ensures brands access to high-quality, structured data that is vital for AI applications and future preparedness.

• In March 2024, RAH Infotech Teams Up with EverestIMS to Deliver IT operations management solutions. EverestIMS Technologies Pvt. Ltd, a prominent software firm, specializes in IOTM, AIOps, and Telecom OSS solutions. RAH Infotech stands as India's premier value-added distributor, providing technology products, and spearheading digital transformation services.