AIOps Market is valued at USD 2.22 Billion in 2018 and expected to reach USD 14.33 Billion by 2025 with the CAGR of 30.50% over the forecast period.
AIOps Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. The rising implementation of regulatory standards and the increasing adoption of cloud-based IT solutions and increasing modes of online payments, utilization of AI for enhanced customer support services are key factors for the growth of global AIOps markets.
AIOps is the application stands for artificial intelligence in IT operations. It is popular for monitoring and managing modern IT environments that are hybrid, dynamic, distributed and componentized. It refers to multi-layered technology platforms that automate and enhance IT operations through big data platform, predictive analytics, and machine learning (ML). Therefore, the organization is adopting cognitive solutions for enhancing productivity and performance. AIOps is used to integrating big data and machine learning functionality to analyze the ever-increasing volume, variety and velocity of data generated by IT in response to digital transformation. It is used to automate the identification and resolution of common information technology (IT) issues.
AIOps market report is segmented on the basis of type, deployment, end user industry and by regional & country level. Based upon type, global aiops market is classified into solutions and services. Based upon deployment, global aiops market is sub-classified into on-premise and cloud. Based upon end user industry, global aiops market is classified into media and entertainment, IT and telecom, retail, BFSI and others.
The regions covered in this aiops market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of aiops is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
AIOps market report covers prominent players are,
News: June, 13, 2019, Wipro Limited and Moogsoft announced a partnership. Wipro will further leverage Moogsoft’s industry-leading platform to deliver next-generation artificial intelligence for IT operations (AIOps) solutions for its customers. Moogsoft’sAIOps platform helps IT teams in the real-time detection and remediation of IT incidents across applications, networks and IT infrastructure, ensuring continuous service delivery for customers. Wipro will provide end-to-end capabilities in AIOps transformation. This joint venture will help customers dramatically improve the business availability of IT through unified alert management, root cause analysis, proactive anomaly detection and predictive capabilities. It will allow Wipro to accelerate its customers’ digital transformation journey, and deliver increased business agility, developer productivity, and improved user experience.
The rising implementation of regulatory standards and the increasing adoption of cloud-based IT solutions and increasing modes of online payments, utilization of AI for enhanced customer support services are key factors for the growth of global AIOps markets. Also, increase in the demand for the internet and a cloud-based system across several industries is expected to boost the growth of the market in forecast period. As per World Bank, from 2006 to 2016, the number of internet users has increased by nearly 28% from 206.01 million to 286.94 million in the U.S. Moreover, rise in digital transformation in telecom industry, media and entertainment, the education sectors around the world is expected to drive the market. However, lack of awareness among enterprises, lack of skilled professionals and rapid changes in IT operations will hamper the growth of market. Moreover, adoption of technological advancements, raising awareness regarding the innovative cloud technologies is predicted to create wide opportunities for the players operating in the aiops market during forecast period.
North America is dominating the AIOps market with the highest rate due to rising digital transformation, rise in the use of fast-emerging digital technologies, such as data analytics, AI, IoT, block chain, cloud computing and all Internet-based services, presence of leading provider in the region. According to recent report of United Nations Conference on Trade and Development, IoT devices were an estimated to grow from 9.9 billion in 2019 to 21.5 billion in 2025 and the United States accounts for around 50% of global IoT spending on the devices. According to World Bank, almost 287 million internet users accessed the web from United States. For instance, May 05, 2020, IBM has launched Watson AIOps which uses AI to automate how enterprises self-detect, diagnose and respond to IT anomalies in real time.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period with due to developing strong internet infrastructure, increasing government initatives towards artificial intelligent , adoption of automation in various business functions across verticals and adoption innovative technology in developing countries such as China and India. Moreover, rise in demand for AI-powered solutions and services due to the rapid generation of large volumes of data fueling the market in the region. According to report of IICOM, APAC governments are investing heavily in developing their own homegrown AI capabilities by financing research, development, and deployment efforts.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 2.22 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||30.50 %|
|Market Size Expected in 2027:||USD 14.33 Billion|
|Tables, Charts & Figures:||175|
BMC Software,,Devo,,Dynatrace,,Elastic,,ExtraHop,,FixStream,,Micro Focus,,Moongsoft,,AppDynamics,,BigPanda,,Splunk,,IBM Corporation,,Logz.io,,Loom Systems,,Others.
|Segments Covered||By Product Type, By Deployment, By End-user Industry|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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By Type: Solution, Service
By Deployment: On-premise, Cloud
By End-user Industry: Media and Entertainment, IT and Telecom, Retail, BFSI, Others
Regional & Country Analysis
Middle East and Africa
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