Uploaded on Sep 9, 2024
The AIOps (Artificial Intelligence for IT Operations) market presents significant growth opportunities driven by the increasing complexity of IT environments and the rising adoption of artificial intelligence (AI) and machine learning (ML) in IT operations management.
AIOps Market Landscape: Opportunities, Challenges, and Competitive Analysis
AIOps Market Overview The global AIOps market size was valued at $26.33 billion in 2020, and is projected to reach $644.96 billion by 2030, registering a CAGR of 37.90% from 2021 to 2030. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭 AIOps, or Artificial Intelligence for IT Operations, refers to the use of artificial intelligence and machine learning to enhance and automate IT operations. The core idea behind AIOps is to analyze large volumes of data generated by IT systems and infrastructure, and use this data to identify patterns, detect anomalies, predict issues, and automate routine tasks. The AIOps market is experiencing significant growth, driven by the increasing adoption of AI and machine learning technologies to automate IT operations. AIOps platforms help enterprises manage the complexity of modern IT environments by automating routine tasks, improving anomaly detection, and reducing downtime through predictive analytics. Covid-19 Impact • The emergence of covid-19 positively affected the AIOps Market due to work-from-home policies. • Many businesses invested in AIOps solutions to ease the growing complexity in IT requirements for many business enterprises. DevOps Market Regional Analysis • North America (U.S., Canada) • Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe) • Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, Rest of Asia-Pacific) • LAMEA (Latin America, Middle East, Africa) Leading Market Players • HCL Technologies • Appdynamics • BMC Software • Moogsoft • Fixstream • BM • Splunk • CA Technologies • VMware • Micro Focus AIOps Market Segments By Application By Industry Vertical • BFSI • Real-Time Analytics • Healthcare & Life Sciences • Infrastructure Management • Retail & Consumer Goods • Network & Security • Telecom & IT Management • Manufacturing • Application Performance • Government Management • Media & Entertainment • Others • Others Key Findings of the Study By component, in 2019 the platform segment dominated the AIOps market size. However, the services segment is expected to exhibit significant growth during the forecast period. By application, the infrastructure management segment generated the highest revenue in 2020. However, the real-time analytics segment is expected to witness highest growth rate in the AIOps market. By deployment type, the on-premise segment accounted for the highest revenue in 2020; however, the cloud is expected to witness highest growth rate during the forecast period. By industry vertical, the BFSI segment accounted for the highest revenue in 2020; however, the healthcare and life science segment is expected to witness highest growth rate during the AIOps market forecast period. By Region, the AIOps market analysis was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the upcoming years. Contact Us David Correa 1209 Orange Street Corporation Trust Center Wilmington New Castle Delaware 19801 USA Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Thank You
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