The AIOps Market is projected to expand at a CAGR of +27% during the forecast period from 2019 to 2027.
The global AIOps market is gaining traction among various industries. It aids in procuring real-time data by eliminating silos, better tracking, and management, automated problem solving, and also helps in digital conversion. With evolving technology, voluminous data, customer demands, and process inefficiencies, AIOps solutions are better handling problems as compared to traditional solutions. The growing adoption of machine learning and data analysis to make sense of existing internal management systems are further fueling the adoption of AIOps among various industries. However, lack of awareness could be one of the factors hindering the growth of the AIOps market over the forecast period.
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Top Key Players Covered in AIOps Market:
IBM, Splunk Inc., CA Technologies, VMware Inc, Micro Focus International plc, HCL Technologies Ltd, BMC Software Inc., Moogsoft Inc., Tech Mahindra Ltd, Correlsense Inc., OpsDataStore Inc, FixStream Networks Inc., ITRS Group Ltd, CloudfabriX Software Inc., and GAVS Technology
North America market is dominating the global for AIOps market, owing to its early adoption of big data and analytics companies in the United States and a large number of AI vendors in the region, which would help consolidate the majority of revenues in the AIOps market. Additionally, the adoption of cloud technologies, in this region is also very high. Further, the North America region is also the largest contributor to the global IT BFSI, IT and Telecom, and Media and Entertainment market, the major end-users for the AIOps market. The region also has the highest research projects on AI technologies. Increasing automation among industries is a key trend for the North American market, which shows a great scope for the AIOps industry.
It also highlights various drivers, restraints, and opportunities expected to influence the market during the forecast period. The study provides a complete perspective of the evolution of the global AIOps market during the forecast period in terms of revenue. To provide a stronger and stable business outlook, the regional outlook has been presented by inspecting several industries across different global regions.
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AIOps Market Segmentation:
AIOps Market by Services
- Implementation service
- License and maintenance service
- Training and education service
- Consulting service
- Managed service
AIOps Market by Application:
- Real-time analytics
- Infrastructure management
- Network and security management
- Application performance management
- Others (Cloud monitoring, Anomaly detection, Log and Event management, and Root cause and App experience analytics)
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