The aiops market size is expected to see exponential growth in the next few years. It will grow to $24.62 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to evolution in containerization and microservices management, ongoing increase in volume of alerts and false positives, growth in adoption of agile and devops practices. Major trends in the forecast period include integration with devops practices, focus on proactive problem resolution, enhanced user experience monitoring, advanced analytics for predictive insights, hybrid and multi-cloud management, context-aware incident management..
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Segmentation & Regional Insights
The aiops market covered in this report is segmented –
1) By Component: Platform, Services
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Deployment Mode: On Premise, Cloud
4) By Application: Real-Time Analytics, Infrastructure Management, Network & Security Management, Application Performance Management, Other Applications
5) By End-Use: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) & Telecom, Healthcare, Retail, Government, Manufacturing, Media & entertainment, Other End Users
North America was the largest region in the AIOps market in 2023. 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, Africa
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Major Driver Impacting Market Growth
The increase in 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.
Key Industry Players
Major companies operating in the aiops market report are BMC Software Inc, IBM Corporation, Moogsoft Inc, Splunk Inc, Appdynamics LLC (Cisco Systems Inc), Sumo Logic Inc., Dynatrace LLC, Extrahop Networks Inc., New Relic Inc., Resolve Systems LLC, Stackstate BV, CA Technologies, Micro Focus International plc, Dell Inc., Broadcom Inc., ScienceLogic, Correlata Solutions, Loom Systems, OpsRamp Inc., PagerDuty Inc., BigPanda Inc., Datadog Inc., Elastic N. V., LogicMonitor Inc., Zoho Corporation, Netreo Inc., Atlassian Corporation Plc, Opsview Ltd., Microsoft Azure AI, Google LLC
The aiops market report table of contents includes:
1. Executive Summary
2. AIOps Market Characteristics
3. AIOps Market Trends And Strategies
4. AIOps Market – Macro Economic Scenario
5. Global AIOps Market Size and Growth
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31. Global AIOps Market Competitive Benchmarking
32. Global AIOps Market Competitive Dashboard
33. Key Mergers And Acquisitions In The AIOps Market
34. AIOps Market Future Outlook and Potential Analysis
35. Appendix
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