AIOps Market Showing 32% CAGR Growth to 2025 with AppDynamics, BigPanda, BMC Software, Devo, Dynatrace, Elastic, ExtraHop, FixStream, IBM Corporation, Logz.io, Loom Systems, Micro Focus, Moongsoft, Splunk and others

Artificial Intelligence for IT Operations Market:

The global AIOps market size is projected to reach over USD 23 billion by 2025. AIOps leverages technologies including big data platform, predictive analytics, and machine learning. These technologies help in real-time processing of streaming IT data, pattern recognition, eliminating noise, correlating unstructured data, establishing baselines, alerting on abnormalities, and identifying the root cause. Thus, the organization is adopting cognitive solutions for enhancing productivity and performance. AIOps will witness significant growth during the forecast period in this region.

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AIOps enables enterprises to operate their ITOM with high level of speed and agility to meet the end user's expectation and requirement. The shift towards Cloud Computing and Digital Transformation will create more complexity in ITOM. Implementation of both these technologies and processes will increase repetitive manual activity, resulting in a challenging environment for IT Ops to keep up with the ever-increasing pace and volume of demands.

The report also throws light on various aspects of the global AIOps market including end user industries by assessing value chain analysis. The report covers several qualitative aspects of the AIOps industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.

The global AIOps market has strong competition among the well-established and new emerging players. These market players targets to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.

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On the basis of types of AIOps application, the market is categorized into application performance monitoring, infrastructure management and data analytics AIOps market is expected to grow at a CAGR of over 32% during the forecast period 2019 -2025. Factors driving the adoption of AIOps solutions includes growing complexity in managing IT operations and incresing digital transformation among organisations especially SMEs.

The European market is expected to be among the fastest growth regions with 33% CAGR. In this region, several vendors are undergoing strategic partnerships and business expansion, to meet customer demand. Partnerships, expansion, and acquisitions in the region are allowing AIOps vendors to enhance their product offerings. For instance, Netherland based AIOps provider, StackState has raised $5 million in 2019, for global expansion.

The major players of the global AIOps market are AppDynamics, BigPanda, BMC Software, Devo, Dynatrace, Elastic, ExtraHop, FixStream, IBM Corporation, Logz.io, Loom Systems, Micro Focus, Moongsoft, Splunk and others. As of 2018, the market for AIOps providers is on the moderately consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are coming up with new versions of AIOps equipped with digital and automation solutions. For instance, In November 2019 BMC announced the launch of BMC Helix, which is an AI/ML-powered end-to-end ITSM and ITOM platform to proactively and predictively monitor events, alerts, and anomalies in the IT space.

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Segment Overview of Global AIOps Market

AIOps Market by Application
Application Performance Management
Infrastructure Management
Data Analytics

AIOps Market by End-User

BFSI
IT and Telecom
Healthcare
Retail and Ecommerce
Others

AIOps Market by Region

North America
US
Canada
Europe
Germany
UK
Rest of Europe
Asia Pacific
China
India
Rest of Asia Pacific
Middle East & Africa
UAE
South Africa
Rest of MEA
South America
Brazil
Rest of South America

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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