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At 30.50% CAGR, AIOps Market Size to Surpass USD 14.33 Billion by 2025

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 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.

Brandessece Market Research recently added the AIOps Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth,  trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.

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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 companies:

AIOps market report covers prominent players are,

BMC Software

Devo

Dynatrace

Elastic

ExtraHop

FixStream

Micro Focus

Moongsoft

AppDynamics

BigPanda

Splunk

IBM Corporation

Logz.io

Loom Systems

Others.

Wipro Partnerd with Moogsoft to Deliver Next-Gen Aiops Solutions

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.

AIOps Market Dynamics –

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.

AIOps Market Regional Analysis –

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.

Key Benefits for AIOps Market Reports –

Global Market report covers in depth historical and forecast analysis.

Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Market report helps to identify opportunities in market place.

Global Market report covers extensive analysis of emerging trends and competitive landscape.

AIOps Market Segmentation –

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
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 Middle East and Africa

Table of Content

  1. Chapter – Report Methodology

1.1. Research Process

1.2. Primary Research

1.3. Secondary Research

1.4. Market Size Estimates

1.5. Data Triangulation

1.6. Forecast Model

1.7. USP’s of Report

1.8. Report Description

  1. Chapter – Global AIOps Market Overview: Qualitative Analysis

2.1. Market Introduction

2.2. Executive Summary

2.3. Global AIOps Market Classification

2.4. Market Drivers

2.5. Market Restraints

2.6. Market Opportunity

2.7.  AIOps Market: Trends

2.8. Porter’s Five Forces Analysis

2.9. Market Attractiveness Analysis

  1. Chapter – Global AIOps Market Overview: Quantitative Analysis
  2. Chapter – Global AIOps Market Analysis: Segmentation By Type
  3. Chapter – Global AIOps Market Analysis: Segmentation By Application

Continued….

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