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AIops Platform Market Beginner & Expert Next Steps for all the Key Trends | International Business Machines Corporation, Moogsoft and FixStream Network, Splunk, CA Technologies, VMware, Micro Focus International plc, HCL Technologies Limited, AppDynamics,

04-27-2019 09:21 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights (CMI)

AIops Platform

AIops Platform

The global AIops Platform market is expected to generate a revenue of US$ 20,428 billion with a CAGR of 36.2% by 2025. Artificial Intelligence for IT Operations (AIOps) is a multilayered technology platform that enhances IT operations by using machine learning and analytics to analyze the big data collected for various IT operations tools and devices to resolve the issues in real time. The global AIops Platform market generated revenue of US$ 1,270 billion in 2016.

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The increasing adoption of cloud platform from various organization of different verticals such as banking, e-commerce, healthcare, and others accelerated demand for the AIOps platform. According to Coherent Market Insights analysis, in 2016, 86% of the workload was processed by cloud data centers, whereas only 14% was processed by conventional data centers. Moreover, by 2016, the global cloud data traffic generated 6.0 ZB data, annually and is expected to reach 19.5 ZB data, annually by 2021. Therefore, increasing adoption of cloud platform is a major factor fuelling growth of the global AIOPs platform market.

The major players operating in the global AIops Platform industry 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 study profiles leading players in the global AIOps Platform market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, AIOps Platform market capital, key developments, strategies, and future plans.

On the basis of component, the global AIOps platform market size is segmented into platform and services. The platform segment held dominant position in the AIops Platform market in 2017 and is projected to retain its dominance throughout the forecast period. The AIOps platform encompasses a combination of various Artificial Intelligence such as Machine learning, automation, analytics, and others. In today’s world, the high adoption of machine learning technology in various systems such as image recognition systems, voice recognition systems, recommender systems, which are used in day to day activities have accelerated the demand for the Machine learning.

The ability of machines to process large volumes of data and to use the data for prediction have made the Machine learning a key tool in various applications such as BFSI, healthcare, and others. Therefore, high adoption of Machine learning is expected to propel growth of the AIOps platform market.

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North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of AIops Platform market in this region, owing to the region been early adopter of advanced technologies such as Artificial intelligence, Machine learning, big data, and analytics in the region. Moreover, presence of IT companies such as Google, Microsoft Corporation, IBM, oracle, and others plays a major role for growth of the market in the region.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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