Global AIOps Market 2021 Precise Outlook - BMC Software, Inc.(Kohlberg Kravis Roberts & Co. L.P.), MoogsoftÊInc., Tech Mahindra Ltd., ITRS Group Ltd

The Global AIOps Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The AIOps Market is expected to grow at a CAGR of 12.9% during the forecast period 2020 to 2025.

Top Companies in the Global AIOps Market are Splunk Inc., IBM Corporation, Broadcom Inc. (CA Technologies Inc.), Micro FocusÊInternational PLC., HCL TechnologiesÊLtd, AppDynamics LLC (CISCO Systems), BMC Software, Inc.(Kohlberg Kravis Roberts & Co. L.P.), MoogsoftÊInc., Tech Mahindra Ltd., ITRS Group Ltd, CloudfabriX Software Inc., GAVS Technology Inc. and others.

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Key Market Trends

BFSI is Expected to Hold Significant Share

- Banking operations include many periodic and aperiodic activities and transactions performed by employees, customers, and external agencies. These activities are complex, which makes its monitoring essential. With AIOps delivering realtime information, automated problem solving amongst others, it is expected to boost the market growth over the forecast period. For instance, the AIOps platform from CA technologies, i.e., CA Digital Experience Insights, enables the financial firms in solving complex IT problems, including performance, capacity, and configuration issues.

- The rising implementation of regulatory standards and the increasing adoption of cloud-based IT solutions and increasing modes of online payments are expected to drive the market. Further, banks are increasingly deploying robust IT applications and services, to meet the rising needs of internal users and consumers, as there is a constant shift toward online digital platforms and mobile forms of financial services.

- The integration of artificial intelligence across the IT services makes it possible for the banks to automate their traditional business process, thereby significantly decreasing the need for manual realtime monitoring. For instance, when implemented, facial-recognition technology is expected to benefit banks and financial institutions while providing a higher degree of security.

- Thefts related to the banking sector payments are prominent, which is propelling the banking and financial institutions to look for solutions that would enable them to better serve their end-users. This presents the AIOps providers with a potential opportunity to boost the growth of the market over the forecast period.

Asia-Pacific to Witness Fastest Growth

- The Asia-Pacific region is expected to witness significant growth during the forecast period, owing to the increasing digitization initiatives of various governments. Additionally, the rapid increase in cloud computing in this region is expected to be a significant driver for cloud-based AIOps solutions. For instance, the Digital India initiatives primary goal is to provide government services to citizens, electronically, by improving the IT infrastructure and increasing internet connectivity.

- Also, the hybrid cloud is emerging as a favorable method for cloud adoption in AsiaPacific, as it offers a variety of infrastructure depending on application requirements for integration and security. In addition, factors, including a high penetration rate in healthcare, retail, IT, and BFSI verticals, are expected to further drive the market growth across the region.

- Countries including China, India, South Korea, Japan, Singapore, and Australia are some major consumers and investors in the regional AI Ops market. The region is heavily investing in AI technologies and adopting its use cases. For instance, China is betting on AI and investing in AI and deploying AI on a scale no other country is doing. The country has announced billions in funding for startups and launched programs to attract researchers overseas and streamline its data policies.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global AIOps market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global AIOps market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global AIOps market.

Market Segments: This part of the report discusses product type and application segments of the global AIOps market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches AIOps used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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