According to IMARC Group latest report titled “AIOps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on AIOps market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global AIOps market is expected to exhibit a CAGR of 21.2% during 2022-2027.
AIOPs refer to the application of artificial intelligence with IT operations. It has become essential for monitoring and managing modern IT environments that are hybrid, dynamic, distributed, and componentized. AIOPs platform ingests heterogeneous data from many different sources about all components of the IT environment networks, applications, infrastructure, cloud instances, storage, and more. It integrates human intelligence with automated algorithms to give users complete visibility into IT system performance.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is majorly driven by the ability of AIOPs to fulfill the adequate speed and agility required for numerous businesses. In line with this, the widespread adoption of knowledge, Natural Language Processing (NLP), and domain-enriched Machine Learning (ML) techniques by several companies to offer improved AIOps platforms and services are positively influencing the market. Furthermore, the widespread integration of IT operations with AI is augmenting the AIOps platform demand. Moreover, IT workers are increasingly depending on commercial AIOps solutions to run their computing systems smoothly despite technical workforce issues, thus strengthening the market growth. Besides this, the increasing demand for AI-based services for IT operations is stimulating the market. Additionally, the growing focus of enterprises on reducing IT capital expenditure is providing a boost to the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Appdynamics (Cisco Systems Inc.)
- BMC Software Inc.
- Broadcom Inc.
- Dynatrace Inc.
- HCL Technologies
- International Business Machines Corporation
- Micro Focus International plc
- Moogsoft Inc.
- Resolve Systems LLC
- Splunk Inc.
- Vmware Inc. (Dell Technologies Inc.)
- Zenoss Inc
AIOps Market Segmentation:
Our report has categorized the market based on region, organization size, deployment mode and end use industry.
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Deployment Mode:
Breakup by End Use Industry:
- Media and Entertainment
- IT and Telecom
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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