Information and Communication Technology AIOps Platform Market is projected to grow up to 38% CAGR during the forecasting period 20...

AIOps Platform Market is projected to grow up to 38% CAGR during the forecasting period 2021-2027.

As additional programmes, systems, and platforms must be kept running at top performance, information technology (IT) faces new problems. As an organization's complexity grows, so does the volume of data generated by both business and IT activities. AIOps use artificial intelligence tools to analyse data from IT operations. For better responsiveness, the platform continuously analyses the underlying cause of events and automates procedures. The study is a great blend of qualitative and quantitative data, covering major market developments, difficulties that the industry and competition are facing, as well as gap analysis and emerging opportunities and trends in the AIOps Platform Market. The report's goal is to give an analysis of the Global AIOps Platform Market by Service, Application, Vertical, and Region. The report's goal is to give cutting-edge market knowledge and assist decision makers in making informed investment decisions. Furthermore, the research identifies and analyses upcoming trends, as well as important drivers, challenges, and opportunities. North America is predicted to have the highest market size in the worldwide AIOps platform market, owing to the region's developed economies' heavy investment in R&D activities. The ongoing spread of digital transformation across industries, as well as the growing convergence of various technologies such as AI, ML, big data, and analytics, have had an impact in the region and resulted in an increase in IT expenditure. Furthermore, to fulfil the demand for AI-powered solutions, the region's tech behemoths like IBM, BMC Software, CA Technologies, VMware, and Splunk are focusing on supplying AI-powered services to assist their customers in building intelligent applications.

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Key Driving Factors: During the projection period, the platform segment is predicted to have the greatest market size.

The AIOps platform combines multiple AI tactics such as data output, aggregation, analytics, algorithms, automation and orchestration, machine learning, and visualisation. These platforms allow for the use of a variety of data sources, data collection methods, and analytical and display technologies. The platform directly and indirectly provides enhanced analytics capabilities to many IT operations disciplines. The platform is centralised and versatile, and it aids in the continual delivery of data insights offered by automated algorithmic ML capacity evaluating unprecedented amounts of data.

Opportunities: The introduction of new technology, such as stream mining in-database analytics and in-memory analytics, which provide real-time analytical solutions for situational intelligence, fraud detection, and customer interactions, is another factor that is expected to drive global market growth over the forecast period. Furthermore, growing adoption of cloud-based platforms across various industrial verticals such as healthcare, e-commerce, banking, and so on, combined with the installation of Internet of things devices– provides a large amount of real-time data, which is expected to boost global market growth over the forecast period.

This report offers the major market player’s profiles, such as IBM (US), CA Technologies (US), Micro Focus (UK), VMware (US), Splunk (US), HCL (India), AppDynamics (US), MoogSoft (US), BMC Software (US), FixStream (US), and Correlsense (Israel)  

Based on Application:  The high share can be ascribed to firms' increasing use of real-time leaderboards to develop competitive information. Real-time analytics gives businesses a data-driven strategy to recognising, prioritising, diagnosing, and resolving occurrences or concerns. GAVS Technologies, a software business based in the United States, for example, provides the Zero Incident Framework (ZIF) platform, which enables real-time mapping of IT infrastructure events and real-time data processing. Bot-based remediation, AI-based predictive analytics, and virtualized desktop infrastructure are all part of this platform.

The AIOps Platform Market report has been categorized as below

By Component

  • Platforms

  • Services

By Services

  • Implementation service

  • License and maintenance service

  • Training and education service

  • Consulting service

  • Managed service

By Application

  • Real-time analytics

  • Infrastructure management

  • Network and security management

  • Application performance management

  • Others 

By Deployment

  • On-premises

  • Cloud

 By Organization Size

  • SMEs

  • Large Enterprises

By Vertical

  • BFSI

  • Healthcare and Life Sciences

  • Retail and Consumer Goods

  • Telecom and IT

  • Manufacturing

  • Government

  • Media and Entertainment

  • Others 

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : September-2021