Global AIOps Platform Market, Top key players are Business Machines Corporation, Splunk Inc., CA Technologies, VMware, Inc, Micro Focus International plc, HCL Technologies Limited, AppDynamics, BMC Software, Inc., Moogsoft, and FixStream Network Inc

Global AIOps Platform Market Size study, by Component (Platform, Services), by Services, by Application, by Organization Size (SMEs, Large), Deployment Mode (On premises, Cloud), Vertical and by Regional Forecasts 2018-2025

Global AIOps Platform Market valued approximately USD 0.8 billion in 2016 is anticipated to grow with a healthy growth rate of more than 34% over the forecast period 2017-2025. Major growth factors for the market include the growing demand of AI-based services in IT operations, increasing shift of organization core business toward the cloud, and increasing end-to-end business application assurance and uptime.
In addition, investments in the AIOps technology boost the market growth. The global AIOps platform market is segmented by component (platforms and services), application, deployment, organization size, vertical, and region.

North America is expected to have the largest market size in the global AIOps platform market, owing to its dominance with developed economies, empowering them to invest in R&D activities heavily. The continued spread of digital transformation across industries and growing convergence of different technologies, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as it is witnessing dynamic changes in the adoption of automation in various business functions across verticals. The demand for AI-powered solutions and services is growing across APAC, due to the rapid generation of large volumes of data. AI-powered solutions and services, such as ML, drive innovations in the realm of data analytics and address gaps related to the previously used tools

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Some of the key players operating in this market include International Business Machines Corporation, Splunk Inc., CA Technologies, VMware, Inc, Micro Focus International plc, HCL Technologies Limited, AppDynamics, BMC Software, Inc., Moogsoft, and FixStream Network Inc.

The research methodology used to estimate and forecast the AIOps platform market size was initiated with the collection and analysis of data on the key vendor revenues through secondary sources, including the annual reports and press releases, investor presentations, conferences and associations, such as International Joint Conference on Artificial Intelligence (IJCAI), AAAI Conference on Artificial Intelligence (AAAI-2017), technology journals, certified publications, articles from recognized authors, directories, and databases.

In addition, the vendor offerings were taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players and their market shares. The AIOps platform market expenditure across all the regions, along with the geographic split in various verticals, was considered to arrive at the overall market size. Post-arrival at the overall market size, the total market was split into several segments and sub segments and was verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives.

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Recruitment process outsourcing services are segmented based on their services and type of outsourcing. Based on their services, they are bifurcated into off-site and on-site services. On-site RPO chooses the recruitment team within the premise of the employer and provides end-to-end recruitment services. In off-site services, RPO providers are liable for the entire methodology used for hiring new employees. Based on outsourcing, recruitment process outsourcing services are categorized in to fully outsourced and partially outsourced. Fully outsourced RPO market players are responsible for conducting the entire recruitment process. Additionally, they are responsible for document verification of the hired employee. Partially outsourced RPO providers are responsible for understanding the profile requirements for the employer and search & short list candidates for the company.

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