AIOps Global Market Report 2022: Sector to Reach $15.1 Billion in 2026 at a CAGR of 26.95%

DUBLIN, Feb. 28, 2023 /PRNewswire/ -- The "AIOps Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global AIOps market.

The global AIOps market is expected to grow from $4.58 billion in 2021 to $5.81 billion in 2022 at a compound annual growth rate (CAGR) of 26.76%. The AIOps market is expected to grow to $15.10 billion in 2026 at a compound annual growth rate (CAGR) of 26.95%.

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Major players in the AIOps market are BMC Software Inc, IBM Corporation, Moogsoft Inc, Splunk Inc, Appdynamics LLC (Cisco Systems Inc), Dynatrace LLC, CA Technologies, VMware, Micro Focus, HCL Technologies, Dell Inc, Bigpanda Inc, Broadcom Inc, Elasticsearch BV, New Relic Inc, and Loom Systems Ltd (Service Now Inc).

The AlOps market consists of sales of the AIOps platform and services by entities (organizations, sole traders, partnerships) that refer to the use of natural language processing and machine learning models to help simplify and automate operational processes. Large enterprises' systems, services, and applications generate massive amounts of log and performance data.

This data is used by AIOps to monitor assets and get visibility into dependencies within and outside IT systems. AIOps is beneficial in time and cost savings, increases IT capabilities, and accelerates digital transformation.

The main components of AIOps include platforms and services. AIOps Platform refers to a platform that integrates big data and machine learning capability to support all core IT operations activities via scalable data intake and analysis of IT's ever-increasing amount, diversity, and velocity of data. Small, medium and large-scale enterprises use AIOps to increase their efficiency of the enterprises.

It can be deployed on-premise or cloud. They are widely used in banking, financial services & insurance (BFSI), information technology (IT) & telecom, healthcare, retail, government, manufacturing, media & entertainment, and other sectors for real-time analytics, infrastructure management, network & security management, and application performance management.

North America was the largest region in the AIOps market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AIOps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Increasing adoption of artificial intelligence is driving the AIOps market. Artificial intelligence (AI) is a replication of human intelligence that is programmed to think and act like humans. AI improves organizations in various ways, from boosting customer experiences to automating repetitive labor.

AI collects and combines the enormous and expanding amounts of data produced by IT infrastructure components and removes unwanted data or noise to identify occurrences and patterns associated with problems with application availability and performance. It reduces this hectic work and works efficiently due to this organization adopting AI.

According to a Forbes report, AI is already benefiting 86% of organizations, and 25% of organizations with significant AI deployment anticipate the technology to pay off in higher revenue by 2021. Therefore, increasing adoption of AI in various sectors is expected to boost demand for AIOps during the forecast period.

Strategic Partnership is a key trend gaining popularity in the AIOps market. The companies operating in AIOps sector are focusing on a strategic partnership to expand their new product development activities and penetrate into new markets. In July 2020, Avantra, a UK-based AIOps platform for SAP Operations, entered a partnership with Google Cloud. Through this partnership, the organizations will automate their IT processes, resulting in a better business experience and a faster migration of SAP workloads to the cloud. Google Cloud is a platform that enables creating, launching, and scaling of apps, websites, and services on Google's infrastructure.

The countries covered in the AIOps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Key Topics Covered:

1. Executive Summary

2. AIOps Market Characteristics

3. AIOps Market Trends And Strategies

4. Impact Of COVID-19 On AIOps

5. AIOps Market Size And Growth
5.1. Global AIOps Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global AIOps Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. AIOps Market Segmentation
6.1. Global AIOps Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Platform
• Services

6.2. Global AIOps Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Small and Medium Enterprises
• Large Enterprise

6.3. Global AIOps Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• On Premise
• Cloud

6.4. Global AIOps Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Real-Time Analytics
• Infrastructure Management
• Network & Security Management
• Application Performance Management
• Others

6.5. Global AIOps Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Banking, Financial Services, and Insurance (BFSI)
• Information Technology (IT) & Telecom
• Healthcare
• Retail
• Government
• Manufacturing
• Media & entertainment
• Others

7. AIOps Market Regional And Country Analysis
7.1. Global AIOps Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global AIOps Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/slyvu6-global?w=5

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